Yatsen (NYSE:YSG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.
Yatsen Stock Down 2.6%
Shares of NYSE:YSG traded down $0.24 during trading on Friday, reaching $8.76. 622,370 shares of the company's stock traded hands, compared to its average volume of 211,821. Yatsen has a fifty-two week low of $2.60 and a fifty-two week high of $9.81. The firm has a market cap of $808.03 million, a PE ratio of -10.43 and a beta of -2.40. The company has a 50-day simple moving average of $5.20 and a 200-day simple moving average of $4.47.
Yatsen (NYSE:YSG - Get Free Report) last posted its earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. Yatsen had a negative net margin of 17.03% and a negative return on equity of 17.36%. The business had revenue of $114.86 million for the quarter. On average, equities research analysts forecast that Yatsen will post -0.32 EPS for the current year.
Yatsen announced that its board 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 often a sign that the company's leadership believes its shares are undervalued.
Institutional Investors Weigh In On Yatsen
Several institutional investors have recently bought and sold shares of the company. Yiheng Capital Management L.P. boosted its holdings in Yatsen by 816.7% in the 1st quarter. Yiheng Capital Management L.P. now owns 96,328 shares of the company's stock worth $463,000 after buying an additional 85,820 shares during the last quarter. Walleye Capital LLC acquired a new stake in Yatsen in the 1st quarter worth about $103,000. Jump Financial LLC acquired a new stake in Yatsen in the 1st quarter worth about $85,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Yatsen by 36.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,789 shares of the company's stock worth $745,000 after buying an additional 41,109 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Yatsen by 1,446.8% in the 4th 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 last quarter.
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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