Yatsen Holding Limited (NYSE:YSG - Get Free Report) shares saw strong trading volume on Thursday . 208,540 shares changed hands during trading, an increase of 4% from the previous session's volume of 201,288 shares.The stock last traded at $9.12 and had previously closed at $8.91.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Yatsen from a "hold" rating to a "buy" rating in a research report on Saturday.
Read Our Latest Report on Yatsen
Yatsen Trading Down 1.0%
The firm's fifty day moving average is $4.99 and its 200-day moving average is $4.41. The stock has a market capitalization of $847.03 million, a PE ratio of -8.43 and a beta of -2.40.
Yatsen (NYSE:YSG - Get Free Report) last released its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $114.86 million during the quarter. Yatsen had a negative net margin of 24.65% and a negative return on equity of 11.65%. As a group, equities analysts predict that Yatsen Holding Limited will post -0.32 EPS for the current year.
Yatsen declared that its board has approved a share repurchase program on Friday, May 16th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.
Institutional Investors Weigh In On Yatsen
Institutional investors have recently modified their holdings of the company. Yiheng Capital Management L.P. purchased a new stake in Yatsen during the 4th quarter worth approximately $42,000. Bank of America Corp DE acquired a new position in shares of Yatsen in the 4th quarter valued at $42,000. Marshall Wace LLP purchased a new position in shares of Yatsen during the fourth quarter worth about $47,000. Public Employees Retirement System of Ohio increased its position in 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 buying an additional 11,878 shares during the period. Finally, Jump Financial LLC purchased a new stake in Yatsen in the first quarter valued at approximately $85,000.
About Yatsen
(
Get Free Report)
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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