Xunlei (NASDAQ:XNET) Raised to "Hold (C-)" at Weiss Ratings

Key Points

• Xunlei (NASDAQ:XNET) was upgraded by Weiss Ratings from a "sell (d+)" to a "hold (c-)" rating, while Wall Street Zen upgraded it from "hold" to "buy."
• The company's stock traded down 2.7%, reaching $10.49, with a market capitalization of $656.25 million and a price-to-earnings ratio of 0.93.
• Xunlei reported $0.12 earnings per share for the last quarter with revenues of $103.54 million, and it has set Q3 2025 guidance at EPS.

Xunlei (NASDAQ:XNET - Get Free Report) was upgraded by equities research analysts at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Xunlei currently has a consensus rating of "Hold".

Xunlei Trading Down 2.7%

XNET stock traded down $0.29 during trading on Wednesday, hitting $10.49. 394,726 shares of the company traded hands, compared to its average volume of 1,030,523. The firm has a market capitalization of $656.25 million, a PE ratio of 0.93 and a beta of 1.00. Xunlei has a 1 year low of $1.82 and a 1 year high of $11.03. The company has a 50-day moving average of $7.17 and a 200-day moving average of $5.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.10 and a current ratio of 2.10.

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

Institutional Investors Weigh In On Xunlei

Several large investors have recently added to or reduced their stakes in XNET. XTX Topco Ltd bought a new stake in Xunlei during the first quarter worth approximately $98,000. Invesco Ltd. bought a new stake in Xunlei during the first quarter worth approximately $197,000. Russell Investments Group Ltd. increased its stake in Xunlei by 21.2% during the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock worth $132,000 after acquiring an additional 5,190 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Xunlei during the first quarter worth approximately $1,965,000. Finally, NewEdge Advisors LLC grew its stake in shares of Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after buying an additional 18,213 shares during the last quarter. 5.07% of the stock is owned by institutional investors.

Xunlei Company Profile

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.

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.