So-Young International (NASDAQ:SY) Shares Gap Up - Should You Buy?

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.

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 Ratings Changes

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

So-Young International Trading Up 8.4%

The business's 50-day moving average is $11.54 and its two-hundred day moving average is $12.63. The firm has a market cap of $510.23 million, a P/E ratio of -6.30 and a beta of 1.72.

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 return on equity of 2.14% and a negative net margin of 41.03%. The firm had revenue of $40.95 million for the quarter, compared to analysts' expectations of $293.76 million.

Institutional Investors Weigh In On So-Young International

A hedge fund recently raised its stake in So-Young International stock. Jane Street Group LLC increased its position in So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,419 shares of the company's stock after acquiring 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.

About So-Young International

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.

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