Yatsen Holding Limited (NYSE:YSG - Get Free Report) shares shot up 7.7% during mid-day trading on Tuesday . The company traded as high as $6.00 and last traded at $5.91. 146,970 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 183,050 shares. The stock had previously closed at $5.49.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Yatsen from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.
Check Out Our Latest Analysis on Yatsen
Yatsen Trading Down 1.2%
The firm has a market capitalization of $567.61 million, a PE ratio of -5.65 and a beta of -2.40. The stock has a 50 day simple moving average of $4.52 and a 200 day simple moving average of $4.27.
Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $114.86 million for the quarter. Yatsen had a negative net margin of 24.65% and a negative return on equity of 11.65%. As a group, equities analysts anticipate that Yatsen Holding Limited will post -0.32 earnings per share for the current year.
Yatsen announced that its board has authorized a stock repurchase program on Friday, May 16th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Hedge Funds Weigh In On Yatsen
Hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Yatsen in the fourth quarter valued at $452,000. Yiheng Capital Management L.P. raised its stake in Yatsen by 816.7% in the first 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 in the last quarter. Dimensional Fund Advisors LP boosted 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 acquiring an additional 64,416 shares in the last quarter. Jane Street Group LLC raised its position 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 acquiring an additional 55,766 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Yatsen during the fourth quarter valued at approximately $188,000.
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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