Weiss Ratings Reiterates "Hold (C-)" Rating for Xunlei (NASDAQ:XNET)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for Xunlei (NASDAQ:XNET), indicating a neutral outlook on the stock.
• In contrast, Wall Street Zen upgraded Xunlei from a "hold" to a "buy" rating, suggesting a more optimistic perspective on the company's future performance.
• Xunlei reported $103.54 million in revenue for the last quarter, along with earnings per share of $0.12, reflecting a promising net margin of 202.62%.

Xunlei (NASDAQ:XNET - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

Xunlei Stock Performance

Shares of NASDAQ XNET traded up $0.17 during mid-day trading on Friday, reaching $9.31. 265,129 shares of the company's stock were exchanged, compared to its average volume of 1,001,191. The firm has a market capitalization of $582.43 million, a price-to-earnings ratio of 0.82 and a beta of 1.00. Xunlei has a 52 week low of $1.82 and a 52 week high of $11.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $5.89.

Xunlei (NASDAQ:XNET - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The software maker reported $0.12 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%.The business had revenue of $103.54 million for the quarter. Xunlei has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Xunlei by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock worth $132,000 after buying an additional 5,190 shares during the period. Walleye Capital LLC purchased a new position in shares of Xunlei in the second quarter worth $51,000. QRG Capital Management Inc. purchased a new position in shares of Xunlei in the second quarter worth $56,000. NewEdge Advisors LLC increased its stake in shares of Xunlei by 9,106.5% in the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock worth $83,000 after buying an additional 18,213 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Xunlei in the first quarter worth $98,000. 5.07% of the stock is owned by hedge funds and other institutional investors.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.

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