Xunlei (NASDAQ:XNET) Raised to Buy at Wall Street Zen

Key Points

• Xunlei (NASDAQ:XNET) received an upgrade from "hold" to "buy" by Wall Street Zen, indicating increased confidence from analysts.
• The company's stock surged 26.5% recently, with current trading at $6.39 and a market capitalization of $398.56 million.
• Institutional investors have been actively increasing their stakes in Xunlei, with some raising their holdings by over 300% in recent quarters.

Xunlei (NASDAQ:XNET - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Xunlei Price Performance

Shares of XNET stock traded down $0.57 during trading hours on Friday, hitting $7.32. The stock had a trading volume of 1,687,308 shares, compared to its average volume of 1,325,025. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.60. The stock has a market capitalization of $457.94 million, a price-to-earnings ratio of 0.64 and a beta of 0.88. Xunlei has a one year low of $1.51 and a one year high of $8.80. The stock's 50-day moving average price is $4.86 and its two-hundred day moving average price is $4.49.

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

Institutional Investors Weigh In On Xunlei

Hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC purchased a new stake in Xunlei during the fourth quarter valued at $36,000. Walleye Capital LLC purchased a new stake in Xunlei during the second quarter valued at $51,000. Russell Investments Group Ltd. purchased a new stake in Xunlei during the fourth quarter valued at $52,000. QRG Capital Management Inc. purchased a new stake in Xunlei during the second quarter valued at $56,000. Finally, NewEdge Advisors LLC raised its stake in Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after purchasing an additional 18,213 shares in 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.