Xunlei (NASDAQ:XNET) Trading Up 11.1% - Should You Buy?

Key Points

• Xunlei Limited shares surged 11.1% to close at $8.12 following a previous close of $7.31, with approximately 653,611 shares traded on that day.
• Wall Street analysts upgraded Xunlei from a "hold" to a "buy" rating, indicating a positive outlook on the company's growth potential.
• The company reported $0.12 earnings per share in its latest quarterly results, with net margins of 202.62% and revenue of $103.54 million.

Shares of Xunlei Limited (NASDAQ:XNET - Get Free Report) traded up 11.1% during trading on Wednesday . The company traded as high as $8.14 and last traded at $8.12. 653,611 shares changed hands during trading, a decline of 37% from the average session volume of 1,034,449 shares. The stock had previously closed at $7.31.

Wall Street Analyst Weigh In

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

Xunlei Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.10 and a current ratio of 2.10. The stock's 50-day moving average is $6.10 and its 200 day moving average is $5.12. The stock has a market capitalization of $484.21 million, a PE ratio of 0.68 and a beta of 0.97.

Xunlei (NASDAQ:XNET - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The software maker reported $0.12 earnings per share for the quarter. The firm 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.

Institutional Trading of Xunlei

Hedge funds have recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Xunlei in the 2nd quarter worth $51,000. QRG Capital Management Inc. acquired a new stake in shares of Xunlei during the 2nd quarter valued at approximately $56,000. NewEdge Advisors LLC lifted its position in shares of 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 acquiring an additional 18,213 shares during the period. XTX Topco Ltd acquired a new stake in shares of Xunlei during the 1st quarter valued at approximately $98,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Xunlei by 21.2% during the 1st quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock valued at $132,000 after acquiring an additional 5,190 shares during the period. Institutional investors and hedge funds 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.