Yatsen (NYSE:YSG) Upgraded by Wall Street Zen to "Buy" Rating

Yatsen (NYSE:YSG - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

Yatsen Trading Up 8.7%

YSG traded up $0.50 during trading on Friday, hitting $6.24. The stock had a trading volume of 566,534 shares, compared to its average volume of 184,754. Yatsen has a 12 month low of $2.60 and a 12 month high of $6.25. The company has a 50 day simple moving average of $4.47 and a 200-day simple moving average of $4.23. The firm has a market cap of $572.58 million, a PE ratio of -5.72 and a beta of -2.60.

Yatsen (NYSE:YSG - Get Free Report) last posted its earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. Yatsen had a negative return on equity of 11.65% and a negative net margin of 24.65%. The company had revenue of $114.86 million for the quarter. As a group, sell-side analysts anticipate that Yatsen will post -0.32 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Yatsen by 43.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 213,830 shares of the company's stock valued at $852,000 after acquiring an additional 64,416 shares during the period. Barclays PLC lifted its holdings in Yatsen by 6.9% in the fourth quarter. Barclays PLC now owns 174,156 shares of the company's stock valued at $693,000 after buying an additional 11,187 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Yatsen by 36.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,789 shares of the company's stock worth $745,000 after acquiring an additional 41,109 shares during the period. Jane Street Group LLC raised its position in shares of Yatsen by 113.8% during the 4th 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 last quarter. Finally, Yiheng Capital Management L.P. lifted its stake in shares of Yatsen by 816.7% in the 1st quarter. Yiheng Capital Management L.P. now owns 96,328 shares of the company's stock valued at $463,000 after purchasing an additional 85,820 shares during the period.

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.