Yatsen (NYSE:YSG) Trading Up 6.7% - Here's What Happened

Yatsen Holding Limited (NYSE:YSG - Get Free Report) was up 6.7% during mid-day trading on Monday . The stock traded as high as $6.75 and last traded at $6.61. Approximately 128,498 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 185,129 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Yatsen from a "hold" rating to a "buy" rating in a report on Friday, May 30th.

Yatsen Price Performance

The company has a market cap of $856.71 million, a P/E ratio of -8.52 and a beta of -2.40. The company has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $4.36.

Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $114.86 million during the quarter. Yatsen had a negative net margin of 24.65% and a negative return on equity of 11.65%. On average, analysts anticipate that Yatsen Holding Limited will post -0.32 EPS for the current year.

Yatsen declared that its board has authorized a stock repurchase program on Friday, May 16th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Yatsen

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew 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 worth $852,000 after purchasing an additional 64,416 shares in the last quarter. Barclays PLC grew its position in Yatsen by 6.9% during the 4th quarter. Barclays PLC now owns 174,156 shares of the company's stock worth $693,000 after purchasing an additional 11,187 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew 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 worth $745,000 after purchasing an additional 41,109 shares in the last quarter. Jane Street Group LLC grew its position in 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 purchasing an additional 55,766 shares in the last quarter. Finally, Yiheng Capital Management L.P. grew its position in Yatsen by 816.7% during the 1st quarter. Yiheng Capital Management L.P. now owns 96,328 shares of the company's stock worth $463,000 after purchasing an additional 85,820 shares in the last quarter.

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.