The Goldman Sachs Group began coverage on shares of Dada Nexus (NASDAQ:DADA - Free Report) in a research note released on Thursday, Marketbeat.com reports. The firm issued a neutral rating and a $2.10 target price on the stock.
Several other equities analysts have also recently commented on the company. Daiwa Capital Markets upgraded Dada Nexus from a neutral rating to a buy rating and set a $3.50 target price for the company in a research note on Tuesday, February 20th. Mizuho reduced their price objective on shares of Dada Nexus from $7.00 to $6.00 and set a buy rating on the stock in a research note on Wednesday, January 17th. Citigroup downgraded Dada Nexus from a buy rating to a sell rating in a research note on Monday, January 8th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Dada Nexus has a consensus rating of Hold and a consensus price target of $4.85.
View Our Latest Research Report on Dada Nexus
Dada Nexus Price Performance
Shares of DADA stock remained flat at $2.00 on Thursday. 752,959 shares of the stock traded hands, compared to its average volume of 3,096,938. The stock has a market capitalization of $524.02 million, a price-to-earnings ratio of -1.53 and a beta of 1.50. The business has a 50-day simple moving average of $2.16 and a 200 day simple moving average of $2.75. Dada Nexus has a fifty-two week low of $1.36 and a fifty-two week high of $7.03.
Dada Nexus (NASDAQ:DADA - Get Free Report) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.09). The firm had revenue of $381.95 million during the quarter, compared to analysts' expectations of $436.80 million. Dada Nexus had a negative net margin of 22.62% and a negative return on equity of 14.06%. Sell-side analysts expect that Dada Nexus will post 0.22 earnings per share for the current year.
Institutional Trading of Dada Nexus
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TT International Asset Management LTD increased its holdings in shares of Dada Nexus by 33.9% in the fourth quarter. TT International Asset Management LTD now owns 3,367,558 shares of the company's stock valued at $11,180,000 after buying an additional 852,790 shares in the last quarter. Kaizen Capital Partners Ltd lifted its holdings 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 purchasing an additional 788,425 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Dada Nexus by 135.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,203,059 shares of the company's stock valued at $5,354,000 after purchasing an additional 692,120 shares during the period. Lansdowne Partners UK LLP purchased a new position in Dada Nexus in the 3rd quarter worth about $2,920,000. Finally, Aviva PLC raised its holdings in Dada Nexus by 56.0% during the 3rd quarter. Aviva PLC now owns 1,443,060 shares of the company's stock worth $6,422,000 after buying an additional 518,113 shares during the period. 59.25% of the stock is currently owned by institutional investors.
About Dada Nexus
(
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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 platform for consumers, retailers, and brand owner.
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