Yatsen (NYSE:YSG) Trading Up 6.7% - What's Next?

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

Wall Street Analysts Forecast Growth

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

Yatsen Trading Up 15.5%

The stock has a market cap of $659.37 million, a P/E ratio of -6.55 and a beta of -2.40. The firm's fifty day moving average is $4.55 and its 200 day moving average is $4.28.

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

Yatsen declared that its Board of Directors has approved a share repurchase program on Friday, May 16th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Yatsen

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Yatsen by 43.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 213,830 shares of the company's stock valued at $852,000 after buying an additional 64,416 shares in the last quarter. Barclays PLC boosted its stake in shares of Yatsen by 6.9% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Yatsen by 36.2% in 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 in the last quarter. Jane Street Group LLC grew its holdings in shares of Yatsen by 113.8% in 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 during the last quarter. Finally, Yiheng Capital Management L.P. increased its position in shares of 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.

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.

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