Yatsen (NYSE:YSG) Cut to "Hold" at Wall Street Zen

Wall Street Zen lowered shares of Yatsen (NYSE:YSG - Free Report) from a buy rating to a hold rating in a research report released on Sunday morning.

Yatsen Trading Up 12.9%

Yatsen stock traded up $1.25 during trading on Friday, reaching $10.91. The company had a trading volume of 2,431,656 shares, compared to its average volume of 229,058. The firm's 50-day simple moving average is $5.77 and its 200 day simple moving average is $4.63. Yatsen has a 52 week low of $2.60 and a 52 week high of $11.55. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -12.99 and a beta of -2.40.

Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The company reported ($0.01) EPS for the quarter. The company had revenue of $114.86 million during the quarter. Yatsen had a negative return on equity of 17.36% and a negative net margin of 17.03%. On average, analysts predict that Yatsen will post -0.32 earnings per share for the current year.

Yatsen announced that its Board of Directors has initiated a share buyback program on Friday, May 16th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of Yatsen

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its holdings in Yatsen by 113.8% during the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company's stock valued at $417,000 after acquiring an additional 55,766 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Yatsen by 1,446.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company's stock worth $51,000 after purchasing an additional 11,878 shares in the last quarter. Barclays PLC raised its stake in Yatsen by 6.9% during the 4th quarter. Barclays PLC now owns 174,156 shares of the company's stock valued at $693,000 after purchasing an additional 11,187 shares during the period. Marshall Wace LLP bought a new stake in Yatsen during the 4th quarter valued at approximately $47,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Yatsen in the 4th quarter worth approximately $188,000.

About Yatsen

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.