Yatsen (NYSE:YSG) Shares Gap Up - Here's What Happened

Yatsen Holding Limited (NYSE:YSG - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $8.19, but opened at $8.50. Yatsen shares last traded at $7.21, with a volume of 466,072 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Yatsen from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Yatsen Trading Up 0.6%

The firm's 50 day simple moving average is $4.88 and its 200-day simple moving average is $4.39. The stock has a market capitalization of $861.33 million, a price-to-earnings ratio of -8.57 and a beta of -2.40.

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

Yatsen announced that its Board of Directors has approved a stock repurchase program on Friday, May 16th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Institutional Trading of Yatsen

Institutional investors have recently bought and sold shares of the business. Yiheng Capital Management L.P. acquired a new position in shares of Yatsen in the 4th quarter valued at approximately $42,000. Bank of America Corp DE acquired a new position in Yatsen during the 4th quarter worth approximately $42,000. Marshall Wace LLP acquired a new position in Yatsen during the 4th quarter worth approximately $47,000. Public Employees Retirement System of Ohio increased its position in Yatsen by 1,446.8% during the 4th 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. Finally, BNP Paribas Financial Markets increased its position in Yatsen by 22.8% during the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock worth $74,000 after purchasing an additional 3,435 shares in the last quarter.

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.