Xunlei (NASDAQ:XNET) Stock Rating Lowered by Wall Street Zen

Key Points

• Downgrade: Wall Street Zen cut Xunlei from a "buy" to a "hold" and Weiss Ratings likewise lowered its rating, leaving a MarketBeat consensus of "Hold".
• Price & valuation: XNET opened at $6.18, trades in a 52‑week range of $4.02–$11.03 with a market cap of $388.4M and a very low reported P/E of 0.38, while the 50‑ and 200‑day SMAs are $6.03 and $6.89 respectively.
• Recent results & ownership: The company reported $0.02 EPS on $143.28M revenue with a reported net margin of 227.29%, and about 5.07% of the stock is held by hedge funds/institutional investors after several small position changes.

Xunlei (NASDAQ:XNET - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Separately, Weiss Ratings cut shares of Xunlei from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".

Xunlei Stock Performance

Shares of NASDAQ:XNET opened at $6.18 on Friday. Xunlei has a 52 week low of $4.02 and a 52 week high of $11.03. The stock has a market capitalization of $388.44 million, a P/E ratio of 0.38 and a beta of 1.06. The firm has a fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $6.89. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.03.

Xunlei (NASDAQ:XNET - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The software maker reported $0.02 EPS for the quarter. Xunlei had a net margin of 227.29% and a return on equity of 1.41%. The firm had revenue of $143.28 million during the quarter.

Hedge Funds Weigh In On Xunlei

Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Xunlei during the 4th quarter worth about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in Xunlei during the 4th quarter valued at about $38,000. Walleye Capital LLC bought a new stake in Xunlei during the 2nd quarter valued at about $51,000. NewEdge Advisors LLC lifted its holdings in Xunlei by 9,106.5% during the 1st 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 in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Xunlei by 36.2% during the 1st quarter. QRG Capital Management Inc. now owns 17,200 shares of the software maker's stock valued at $96,000 after buying an additional 4,575 shares in the last quarter. 5.07% of the stock is owned by hedge funds and other institutional investors.

About Xunlei

Xunlei Limited NASDAQ: XNET is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China's burgeoning internet market.

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