Yatsen (NYSE:YSG) Downgraded by Wall Street Zen to Hold

Key Points

• Yatsen has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, reflecting a cautious outlook from analysts.
• The stock experienced a decline of 2.8% after opening at $8.66, with a twelve-month high of $11.57 and a low of $3.01.
• Institutional investors have significantly increased their holdings in Yatsen, with Jane Street Group LLC raising its stake by 113.8% in the last quarter.

Yatsen (NYSE:YSG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Yatsen Trading Down 3.5%

NYSE:YSG traded down $0.32 during mid-day trading on Friday, hitting $8.79. The stock had a trading volume of 118,781 shares, compared to its average volume of 311,977. Yatsen has a twelve month low of $3.01 and a twelve month high of $11.57. The stock has a 50-day simple moving average of $8.75 and a two-hundred day simple moving average of $5.76. The company has a market capitalization of $810.61 million, a PE ratio of -10.46 and a beta of -2.11.

Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The company reported ($0.01) earnings per share 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%. Sell-side analysts predict that Yatsen will post -0.32 EPS for the current fiscal year.

Yatsen declared that its board has approved a stock buyback plan on Friday, May 16th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Yatsen

Several large investors have recently added to or reduced their stakes in the company. WT Asset Management Ltd acquired a new position in Yatsen during the second quarter worth about $1,397,000. Ascent Group LLC purchased a new stake in shares of Yatsen during the 2nd quarter worth about $198,000. Public Employees Retirement System of Ohio raised its stake in shares of Yatsen by 39.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,791 shares of the company's stock valued at $200,000 after acquiring an additional 5,871 shares in the last quarter. Yiheng Capital Management L.P. raised 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 acquiring an additional 85,820 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Yatsen in the 1st quarter valued at approximately $103,000.

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.