Noah (NYSE:NOAH) Reaches New 1-Year Low - Should You Sell?

Key Points

• Noah shares fell to a new 52-week low of $7.51, trading below both their 50-day moving average of $8.29 and 200-day moving average of $9.40.
• Analyst sentiment is cautious: JPMorgan cut its price target to $9.70, while all four tracked analysts rate the stock “Hold.” The consensus target is $9.85.
• Noah reported quarterly revenue of $91.24 million and earnings of $0.51 per share, with a 22.57% net margin; institutional investors own 42.67% of the company.

Noah Holdings Ltd. (NYSE:NOAH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $7.51 and last traded at $7.5860, with a volume of 570 shares. The stock had previously closed at $7.57.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Noah from $10.50 to $9.70 and set a "neutral" rating on the stock in a report on Monday, September 21st. Weiss Ratings reissued a "hold (c-)" rating on shares of Noah in a research report on Tuesday, October 6th. Finally, Wall Street Zen cut shares of Noah from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Noah presently has a consensus rating of "Hold" and an average target price of $9.85.

Noah Stock Performance

The company has a market capitalization of $512.13 million, a price-to-earnings ratio of 6.11 and a beta of 0.83. The business has a 50 day moving average price of $8.29 and a 200-day moving average price of $9.40.

Noah (NYSE:NOAH - Get Free Report) last released its earnings results on Friday, August 14th. The asset manager reported $0.51 earnings per share for the quarter. Noah had a net margin of 22.57% and a return on equity of 6.37%. The firm had revenue of $91.24 million during the quarter. As a group, equities analysts predict that Noah Holdings Ltd. will post 1.37 EPS for the current fiscal year.

Institutional Trading of Noah

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Noah by 2.9% in the second quarter. State Street Corp now owns 322,218 shares of the asset manager's stock valued at $3,219,000 after acquiring an additional 8,948 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Noah by 33.8% in the 2nd quarter. Hsbc Holdings PLC now owns 26,776 shares of the asset manager's stock worth $269,000 after purchasing an additional 6,770 shares during the period. Renaissance Technologies LLC grew its stake in shares of Noah by 132.4% during the first quarter. Renaissance Technologies LLC now owns 95,500 shares of the asset manager's stock valued at $945,000 after buying an additional 54,400 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of Noah during the 2nd quarter worth $105,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Noah by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 468,510 shares of the asset manager's stock valued at $4,641,000 after buying an additional 40,332 shares during the last quarter. 42.67% of the stock is owned by institutional investors.

About Noah

Noah Holdings Limited is a financial services company that provides wealth management and asset management services. The company serves high-net-worth individuals, families and institutional clients, offering investment products and advisory solutions designed to support wealth preservation, allocation and growth.

Through its wealth management business, Noah distributes and advises on a range of products, including private equity, public securities, credit and other alternative investment strategies.

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