Yatsen (NYSE:YSG) Stock Price Down 4.8% - Here's What Happened

Key Points

• Yatsen's stock price fell 4.8%, trading between $9.05 and $8.98 on Monday, with a volume drop of 22% compared to its average.
• The company was downgraded from a "buy" to a "hold" rating by Wall Street Zen on August 2nd.
• Yatsen's market cap is approximately $827.21 million with negative earnings per share forecasted for the current year.

Shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) fell 4.8% on Monday . The stock traded as low as $9.05 and last traded at $8.98. 253,696 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 326,255 shares. The stock had previously closed at $9.43.

Analyst Upgrades and Downgrades

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

Yatsen Trading Down 4.9%

The stock has a market capitalization of $827.21 million, a P/E ratio of -10.68 and a beta of -2.11. The stock's 50-day moving average price is $9.37 and its two-hundred day moving average price is $6.12.

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE purchased a new position in shares of Yatsen in the 4th quarter worth about $42,000. Marshall Wace LLP bought a new stake in Yatsen in the 4th quarter worth approximately $47,000. Public Employees Retirement System of Ohio grew 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 valued at $51,000 after acquiring an additional 11,878 shares during the last quarter. BNP Paribas Financial Markets grew its position in Yatsen by 22.8% during the fourth quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock valued at $74,000 after acquiring an additional 3,435 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Yatsen during the first quarter worth approximately $85,000.

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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