So-Young International (NASDAQ:SY) Downgraded by Wall Street Zen to Sell

Key Points

• So-Young International has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting a negative outlook on the stock.
• Despite the downgrade, Citigroup upgraded the stock to a "buy" rating with a price target of $5.50, indicating some mixed sentiment among analysts.
• An institutional investor recently acquired a new position in So-Young International, purchasing 36,306 shares valued at approximately $113,000, highlighting ongoing interest from hedge funds.

So-Young International (NASDAQ:SY - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

Separately, Citigroup upgraded shares of So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price objective on the stock in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $5.50.

So-Young International Price Performance

NASDAQ SY remained flat at $3.93 during mid-day trading on Friday. 1,354,991 shares of the company traded hands, compared to its average volume of 1,826,735. So-Young International has a 52-week low of $0.66 and a 52-week high of $6.28. The company has a 50-day moving average price of $7.13 and a two-hundred day moving average price of $11.14. The stock has a market cap of $398.66 million, a price-to-earnings ratio of -4.52 and a beta of 1.76.

Hedge Funds Weigh In On So-Young International

An institutional investor recently raised its position in So-Young International stock. Jane Street Group LLC boosted its holdings in So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,419 shares of the company's stock after purchasing an additional 26,419 shares during the quarter. Jane Street Group LLC's holdings in So-Young International were worth $30,000 at the end of the most recent quarter. 35.31% of the stock is owned by institutional investors and hedge funds.

So-Young International Company Profile

So-Young International Inc operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users medical aesthetic knowledge and experience to reach an informed medical aesthetic treatment decision and make reservations for treatment with medical professionals and medical aesthetic institutions; So-Young Beauty which provides similar interfaces and functions as the mobile app, as well as serves as additional access points to the platform; and medical aesthetic community content through its website soyoung.com.