Xunlei (NASDAQ:XNET) Reaches New 52-Week High - What's Next?

Key Points

• Xunlei Limited shares hit a new 52-week high of $10.43, up 9.9% from a previous close of $9.78, with a trading volume of 488,637 shares.
• Despite the recent price surge, analysts maintain a consensus rating of "Sell" on the stock, with Weiss Ratings reaffirming a "sell" rating and Wall Street Zen upgrading it to "buy."
• Institutional investors are actively trading Xunlei, with significant increases in holdings from firms such as Jane Street Group LLC, which grew its position by 827.1% during the second quarter.

Shares of Xunlei Limited (NASDAQ:XNET - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $10.43 and last traded at $10.41, with a volume of 488637 shares traded. The stock had previously closed at $9.78.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Xunlei in a report on Saturday, September 27th. Wall Street Zen raised 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 Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Xunlei Stock Up 9.9%

The company has a market cap of $672.51 million, a price-to-earnings ratio of 0.94 and a beta of 1.00. 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 business has a fifty day moving average of $6.94 and a two-hundred day moving average of $5.42.

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

Hedge Funds Weigh In On Xunlei

Institutional investors have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. acquired a new position in Xunlei in the second quarter valued at approximately $306,000. Jane Street Group LLC grew its holdings 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 purchasing an additional 101,146 shares during the period. Marshall Wace LLP acquired a new stake in shares of Xunlei during the 2nd quarter worth about $219,000. Walleye Capital LLC purchased a new stake in Xunlei in the 2nd quarter valued at about $51,000. Finally, XTX Topco Ltd lifted its position in Xunlei by 244.1% in the second quarter. XTX Topco Ltd now owns 75,032 shares of the software maker's stock valued at $304,000 after buying an additional 53,226 shares during the last quarter. Hedge funds and other institutional investors own 5.07% of the company's stock.

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.

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