So-Young International (NASDAQ:SY) Shares Up 7.4% - Should You Buy?

Key Points

• So-Young International's stock rose by 7.4% recently, closing at $4.94, although trading volume was significantly down at 111,105 shares compared to its average of 596,841 shares.
• Analyst ratings improved as Wall Street Zen upgraded the stock to "hold" and Citigroup raised its rating to "buy" with a target price of $5.50.
• Institutional investors, including Jane Street Group LLC, have increased their holdings significantly, with Jane Street boosting its stake by 264.2% in the first quarter.

Shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) rose 7.4% during trading on Tuesday . The stock traded as high as $4.96 and last traded at $4.94. Approximately 111,105 shares traded hands during trading, a decline of 81% from the average daily volume of 596,841 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

SY has been the subject of several research reports. Citigroup upgraded shares of So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price objective for the company in a research 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 Stock Performance

The company's fifty day moving average price is $9.00 and its 200-day moving average price is $11.73. The stock has a market cap of $379.38 million, a P/E ratio of -4.67 and a beta of 1.76.

So-Young International (NASDAQ:SY - Get Free Report) last posted its quarterly 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. The company had revenue of $40.95 million for the quarter, compared to the consensus estimate of $293.76 million. So-Young International had a negative net margin of 41.03% and a negative return on equity of 2.14%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in So-Young International stock. Jane Street Group LLC raised its holdings in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 36,419 shares of the company's stock after purchasing 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 reporting period. Institutional investors own 35.31% of the company's stock.

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.