Yatsen (NYSE:YSG) Issues Quarterly Earnings Results

Key Points

• Yatsen reported a quarterly earnings per share (EPS) of ($0.03), with a negative return on equity of 17.36% and a negative net margin of 17.03%.
• The company's stock was recently downgraded from a "buy" rating to a "hold" rating by Wall Street Zen on August 2nd.
• Yatsen's Board of Directors has initiated a stock repurchase plan, indicating management's belief that the stock is undervalued.

Yatsen (NYSE:YSG - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Zacks reports. Yatsen had a negative return on equity of 17.36% and a negative net margin of 17.03%.

Yatsen Trading Up 2.2%

Shares of YSG stock opened at $9.6920 on Thursday. The firm's fifty day moving average price is $9.44 and its two-hundred day moving average price is $6.21. Yatsen has a 1 year low of $3.01 and a 1 year high of $11.57. The firm has a market capitalization of $893.80 million, a P/E ratio of -11.54 and a beta of -2.11.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Yatsen from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Yatsen announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 16th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in shares of Yatsen during the 4th quarter worth approximately $42,000. Engineers Gate Manager LP bought a new stake in Yatsen during the second quarter worth $156,000. BNP Paribas Financial Markets raised its position in Yatsen by 528.2% during the second quarter. BNP Paribas Financial Markets now owns 22,320 shares of the company's stock worth $215,000 after acquiring an additional 18,767 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in Yatsen in the second quarter valued at $326,000. Finally, Clough Capital Partners L P bought a new position in shares of Yatsen in the 2nd quarter valued at about $638,000.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.

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