Virtu Financial LLC Purchases Shares of 53,290 WeRide Inc. (NASDAQ:WRD)

Key Points

• Virtu Financial LLC has acquired 53,290 shares of WeRide Inc. (NASDAQ:WRD) worth approximately $723,000, reflecting investor confidence in the company's potential.
• WeRide's stock has seen a 5.8% increase recently, with its current share price at $9.31, while it has experienced a 12-month low of $6.03 and a high of $44.00.
• Analysts predict a forward-looking **EPS** of -0.68 for WeRide, with a recent upgrade from Wall Street Zen recommending a shift from "sell" to "hold" on the stock.

Virtu Financial LLC purchased a new stake in shares of WeRide Inc. (NASDAQ:WRD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,290 shares of the company's stock, valued at approximately $723,000.

Separately, Concurrent Investment Advisors LLC bought a new stake in shares of WeRide during the 1st quarter valued at about $201,000.

WeRide Trading Up 5.8%

Shares of NASDAQ:WRD opened at $9.31 on Wednesday. The company's 50 day moving average is $8.69. The company has a market cap of $2.48 billion and a P/E ratio of -3.34. The company has a current ratio of 11.03, a quick ratio of 10.55 and a debt-to-equity ratio of 0.01. WeRide Inc. has a 12-month low of $6.03 and a 12-month high of $44.00.

WeRide (NASDAQ:WRD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $17.75 million for the quarter. WeRide had a negative net margin of 595.64% and a negative return on equity of 49.03%. Equities research analysts predict that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.

WeRide declared that its board has approved a share buyback program on Wednesday, May 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WRD. Wall Street Zen upgraded WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. UBS Group began coverage on WeRide in a research note on Monday, August 4th. They set a "buy" rating and a $12.00 price objective for the company.

WeRide Profile

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.

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