Yatsen (NYSE:YSG) Stock Price Down 6.5% - Here's What Happened

Key Points

• Yatsen Holding Limited's share price declined by 6.5% during trading, closing at $8.26 with a trading volume 25% below its average.
• Analysts upgraded Yatsen from a hold to a buy rating, which may indicate positive sentiment about the company's future performance.
• The company has a market capitalization of $758.51 million and is forecasting an EPS of -0.32 for the current year.

Shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) were down 6.5% on Friday . The company traded as low as $8.34 and last traded at $8.26. Approximately 229,072 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 306,832 shares. The stock had previously closed at $8.83.

Analyst Ratings Changes

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

Yatsen Price Performance

The stock has a market capitalization of $825.09 million, a P/E ratio of -10.65 and a beta of -2.10. The company has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $5.56.

Yatsen (NYSE:YSG - Get Free Report) last announced its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share for the quarter. The company 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%. As a group, equities analysts forecast that Yatsen Holding Limited Sponsored ADR will post -0.32 earnings per share for the current fiscal year.

Yatsen announced that its Board of Directors has initiated a stock buyback program on Friday, May 16th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Yatsen

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 64,416 shares during the last quarter. Barclays PLC raised its position in Yatsen by 6.9% during the 4th quarter. Barclays PLC now owns 174,156 shares of the company's stock valued at $693,000 after purchasing an additional 11,187 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Yatsen by 36.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,789 shares of the company's stock valued at $745,000 after purchasing an additional 41,109 shares during the last quarter. WT Asset Management Ltd bought a new position in Yatsen during the 2nd quarter valued at approximately $1,397,000. Finally, Jane Street Group LLC grew its holdings in shares of Yatsen by 113.8% during the 4th quarter. Jane Street Group LLC now owns 104,785 shares of the company's stock worth $417,000 after acquiring an additional 55,766 shares during the period.

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.