Xunlei (NASDAQ:XNET) Trading 4.7% Higher - What's Next?

Key Points

• Xunlei Limited's stock increased by 4.7% during mid-day trading, reaching a price of $8.41, following a previous close of $8.03.
• Analysts have upgraded Xunlei from a "hold" rating to a "buy" rating as of August 16th, indicating positive sentiment regarding the company's performance.
• The company reported earnings of $0.12 per share for the last quarter and has a market capitalization of approximately $519.25 million.

Xunlei Limited (NASDAQ:XNET - Get Free Report)'s stock price shot up 4.7% during mid-day trading on Thursday . The stock traded as high as $8.35 and last traded at $8.41. 683,913 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 1,031,808 shares. The stock had previously closed at $8.03.

Analysts Set New Price Targets

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

Xunlei Price Performance

The company's fifty day moving average price is $6.30 and its 200 day moving average price is $5.20. The company has a market capitalization of $519.25 million, a P/E ratio of 0.73 and a beta of 0.97. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.04.

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 net margin of 202.62% and a return on equity of 4.50%. The firm had revenue of $103.54 million for the quarter. Xunlei has set its Q3 2025 guidance at EPS.

Hedge Funds Weigh In On Xunlei

Several institutional investors and hedge funds have recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. purchased a new stake in Xunlei during the 2nd quarter valued at $306,000. Jane Street Group LLC increased its stake in Xunlei by 827.1% during the 2nd quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock valued at $360,000 after purchasing an additional 101,146 shares in the last quarter. Marshall Wace LLP bought a new stake in Xunlei during the 2nd quarter valued at about $219,000. Walleye Capital LLC bought a new stake in shares of Xunlei in the second quarter worth approximately $51,000. Finally, XTX Topco Ltd grew its stake in shares of Xunlei by 244.1% in the second 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 during the period. Institutional investors own 5.07% of the company's stock.

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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