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VNET Group (NASDAQ:VNET) Receives "Sell (D+)" Rating from Weiss Ratings

VNET Group logo with Computer and Technology background

Key Points

  • VNET Group (NASDAQ:VNET) has been given a "sell (D+)" rating by Weiss Ratings, indicating concerns about its stock performance.
  • Bank of America has recently raised its price target for VNET Group from $11.80 to $12.60 while maintaining a "buy" rating, contrasting with the dynamics from Weiss Ratings.
  • VNET Group reported a net loss with an EPS of ($0.01), missing estimates, and set its FY 2025 guidance anticipating a negative earnings per share of -0.06.
  • Five stocks to consider instead of VNET Group.

VNET Group (NASDAQ:VNET - Get Free Report)'s stock had its "sell (d+)" rating reissued by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

VNET has been the subject of a number of other reports. Bank of America boosted their price target on VNET Group from $11.80 to $12.60 and gave the company a "buy" rating in a report on Friday, August 22nd. Wall Street Zen raised VNET Group from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $9.96.

Get Our Latest Analysis on VNET

VNET Group Stock Performance

Shares of VNET Group stock traded down $0.04 on Wednesday, reaching $9.89. 3,394,967 shares of the stock were exchanged, compared to its average volume of 8,527,159. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.40. VNET Group has a twelve month low of $3.17 and a twelve month high of $16.13. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -123.63, a PEG ratio of 5.73 and a beta of 0.20. The business has a 50 day moving average price of $8.84 and a two-hundred day moving average price of $7.38.

VNET Group (NASDAQ:VNET - Get Free Report) last released its earnings results on Thursday, August 21st. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). VNET Group had a return on equity of 0.98% and a net margin of 0.74%.The firm had revenue of $339.65 million for the quarter, compared to analyst estimates of $2.27 billion. VNET Group has set its FY 2025 guidance at EPS. Analysts anticipate that VNET Group will post -0.06 earnings per share for the current fiscal year.

VNET Group declared that its board has initiated a stock buyback plan on Friday, June 27th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of VNET Group

Several institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. purchased a new stake in shares of VNET Group during the first quarter worth approximately $207,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of VNET Group by 111.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,197 shares of the information technology services provider's stock worth $670,000 after purchasing an additional 42,710 shares in the last quarter. Shilanski & Associates Inc. purchased a new stake in shares of VNET Group during the first quarter worth approximately $274,000. GF Fund Management CO. LTD. purchased a new stake in shares of VNET Group during the first quarter worth approximately $4,654,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of VNET Group during the first quarter worth approximately $1,652,000. Institutional investors and hedge funds own 72.83% of the company's stock.

About VNET Group

(Get Free Report)

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.

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Analyst Recommendations for VNET Group (NASDAQ:VNET)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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