Yatsen (NYSE:YSG) Stock Price Up 4.4% - Time to Buy?

Key Points

• Yatsen Holding Limited's stock price rose by 4.4%, reaching $8.58, despite a significant drop in trading volume.
• Wall Street analysts upgraded Yatsen from a "hold" to a "buy" rating, indicating increased confidence in the company's prospects.
• The company reported a negative earnings per share of ($0.01) for the last quarter, with expectations for further declines in earnings this year.

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) shot up 4.4% during trading on Monday . The stock traded as high as $8.70 and last traded at $8.58. 115,909 shares traded hands during trading, a decline of 62% from the average session volume of 305,748 shares. The stock had previously closed at $8.21.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Yatsen from a "hold" rating to a "buy" rating in a report on Friday, July 18th.

Yatsen Stock Performance

The company has a market cap of $798.62 million, a price-to-earnings ratio of -10.31 and a beta of -2.10. The stock's fifty day moving average is $8.59 and its two-hundred day moving average is $5.64.

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 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 expect that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS 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. WT Asset Management Ltd bought a new stake in Yatsen during the 2nd quarter valued at $1,397,000. Yiheng Capital Management L.P. raised its holdings in Yatsen by 816.7% during the 1st quarter. Yiheng Capital Management L.P. now owns 96,328 shares of the company's stock valued at $463,000 after acquiring an additional 85,820 shares during the period. Dimensional Fund Advisors LP raised its holdings in Yatsen by 43.1% during the 4th 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. Jane Street Group LLC raised its holdings in 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 period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Yatsen during the 4th quarter valued at $188,000.

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.