So-Young International (NASDAQ:SY) Shares Gap Up - Here's What Happened

Key Points

• So-Young International's shares gapped up prior to trading on Monday, opening at $4.83 compared to the previous close of $4.64, and last traded at $5.03 with a volume of 944,253 shares.
• Analysts have recently upgraded So-Young International, with Citigroup raising its rating to buy and setting a target price of $5.50.
• Institutional investment in So-Young International has increased significantly, with Jane Street Group enhancing its position by 264.2% during the first quarter.

Shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.83. So-Young International shares last traded at $5.03, with a volume of 944,253 shares changing hands.

Analyst Upgrades and Downgrades

SY has been the topic of several research analyst reports. Wall Street Zen raised shares of So-Young International to a "hold" rating in a report on Friday, July 18th. Citigroup raised shares of So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price target on the stock in a report on Tuesday, July 8th.

So-Young International Stock Performance

The stock has a market capitalization of $451.40 million, a P/E ratio of -5.56 and a beta of 1.72. The company's fifty day simple moving average is $11.07 and its two-hundred day simple moving average is $12.47.

So-Young International (NASDAQ:SY - Get Free Report) last announced its earnings results on Friday, May 16th. The company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($5.10) by $4.50. So-Young International had a negative net margin of 41.03% and a negative return on equity of 2.14%. The company had revenue of $40.95 million for the quarter, compared to analysts' expectations of $293.76 million.

Institutional Trading of So-Young International

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

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.