Dada Nexus (NASDAQ:DADA) Cut to "Neutral" at Daiwa Capital Markets

Daiwa Capital Markets lowered shares of Dada Nexus (NASDAQ:DADA - Free Report) from a buy rating to a neutral rating in a report published on Thursday, Marketbeat.com reports.

Several other equities research analysts have also issued reports on DADA. The Goldman Sachs Group initiated coverage on shares of Dada Nexus in a research note on Thursday, April 25th. They set a neutral rating and a $2.10 price target for the company. New Street Research reaffirmed a neutral rating and set a $2.00 target price (down previously from $15.00) on shares of Dada Nexus in a report on Wednesday, March 6th. Finally, Mizuho reduced their price target on shares of Dada Nexus from $7.00 to $6.00 and set a buy rating for the company in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dada Nexus presently has an average rating of Hold and a consensus target price of $3.83.

Dada Nexus Price Performance

Shares of NASDAQ:DADA traded down $0.19 during trading on Thursday, reaching $1.82. 5,868,202 shares of the stock were exchanged, compared to its average volume of 2,976,151. Dada Nexus has a 1-year low of $1.36 and a 1-year high of $6.94. The firm has a market cap of $481.46 million, a price-to-earnings ratio of -1.40 and a beta of 1.46. The stock has a fifty day moving average of $2.11 and a two-hundred day moving average of $2.54.

Dada Nexus (NASDAQ:DADA - Get Free Report) last announced its earnings results on Monday, March 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Dada Nexus had a negative net margin of 22.62% and a negative return on equity of 14.07%. The company had revenue of $381.95 million for the quarter, compared to analysts' expectations of $436.80 million. Sell-side analysts forecast that Dada Nexus will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Dada Nexus

A number of institutional investors have recently made changes to their positions in the business. Kaizen Capital Partners Ltd grew its stake in shares of Dada Nexus by 6.9% during the third quarter. Kaizen Capital Partners Ltd now owns 12,281,623 shares of the company's stock valued at $54,653,000 after buying an additional 788,425 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Dada Nexus by 1.0% in the third quarter. Baillie Gifford & Co. now owns 7,489,745 shares of the company's stock valued at $33,329,000 after acquiring an additional 75,734 shares during the period. Vanguard Group Inc. raised its stake in shares of Dada Nexus by 25.0% during the first quarter. Vanguard Group Inc. now owns 3,427,799 shares of the company's stock valued at $7,027,000 after acquiring an additional 686,316 shares during the last quarter. TT International Asset Management LTD boosted its holdings in shares of Dada Nexus by 33.9% during the fourth quarter. TT International Asset Management LTD now owns 3,367,558 shares of the company's stock worth $11,180,000 after purchasing an additional 852,790 shares during the period. Finally, Aviva PLC grew its stake in shares of Dada Nexus by 56.0% in the third quarter. Aviva PLC now owns 1,443,060 shares of the company's stock worth $6,422,000 after purchasing an additional 518,113 shares during the last quarter. Hedge funds and other institutional investors own 59.25% of the company's stock.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.