Xunlei (NASDAQ:XNET) Reaches New 12-Month High - Still a Buy?

Key Points

• Xunlei Limited's stock recently reached a new 52-week high at $8.92, showing significant growth from its previous close of $8.42.
• Wall Street analysts upgraded Xunlei from a "hold" to a "buy" rating, indicating positive future expectations for the company.
• Institutional investors are increasing their stakes in Xunlei, with notable acquisitions from firms such as Jane Street Group and China Universal Asset Management during the 2nd quarter.

Xunlei Limited (NASDAQ:XNET - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $8.92 and last traded at $8.87, with a volume of 749608 shares trading hands. The stock had previously closed at $8.42.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Xunlei from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.

Xunlei Trading Up 7.8%

The business has a 50 day moving average of $6.46 and a 200-day moving average of $5.25. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $567.73 million, a P/E ratio of 0.80 and a beta of 0.96.

Xunlei (NASDAQ:XNET - Get Free Report) last posted its earnings results 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 during the quarter. Xunlei has set its Q3 2025 guidance at EPS.

Hedge Funds Weigh In On Xunlei

Several hedge funds have recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. bought a new position in shares of Xunlei during the 2nd quarter worth approximately $306,000. Jane Street Group LLC grew its stake in shares of Xunlei by 827.1% during the 2nd quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock worth $360,000 after acquiring an additional 101,146 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Xunlei during the 2nd quarter worth approximately $219,000. Walleye Capital LLC bought a new position in shares of Xunlei during the 2nd quarter worth approximately $51,000. Finally, XTX Topco Ltd grew its stake in shares of Xunlei by 244.1% during the 2nd quarter. XTX Topco Ltd now owns 75,032 shares of the software maker's stock worth $304,000 after acquiring an additional 53,226 shares in the last quarter. 5.07% of the stock is owned by 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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