Weiss Ratings Reiterates "Hold (C+)" Rating for Yuanbao (NASDAQ:YB)

Key Points

• Weiss Ratings has reiterated a "Hold (C+)" rating for Yuanbao, while Wall Street Zen downgraded the stock from "buy" to "hold."
• Yuanbao's stock price increased by 3.8% to $20.21, with a 52-week high of $31.00 and a low of $14.04.
• Institutional investors are actively purchasing Yuanbao shares, with Federated Hermes Inc. and JPMorgan Chase among those buying new positions in the company.

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

Separately, Wall Street Zen lowered Yuanbao from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Yuanbao currently has an average rating of "Hold".

Yuanbao Stock Up 3.8%

Shares of NASDAQ YB traded up $0.74 during midday trading on Wednesday, reaching $20.21. 10,793 shares of the company traded hands, compared to its average volume of 89,227. Yuanbao has a 52 week low of $14.04 and a 52 week high of $31.00. The stock's 50-day moving average is $24.21.

Yuanbao (NASDAQ:YB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.90 earnings per share for the quarter. The company had revenue of $149.36 million for the quarter.

Hedge Funds Weigh In On Yuanbao

A number of institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new position in Yuanbao in the 2nd quarter worth about $370,000. JPMorgan Chase & Co. purchased a new position in Yuanbao in the 2nd quarter worth about $454,000. Finally, WFM ASIA BVI Ltd purchased a new position in Yuanbao in the 2nd quarter worth about $2,020,000.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.

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