Yatsen (NYSE:YSG) Upgraded to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Yatsen (NYSE:YSG - Free Report) from a hold rating to a buy rating in a research report released on Friday morning.

Yatsen Price Performance

Yatsen stock traded down $0.46 during mid-day trading on Friday, hitting $10.04. The company's stock had a trading volume of 491,850 shares, compared to its average volume of 262,603. The firm's 50 day moving average is $7.87 and its 200 day moving average is $5.31. The company has a market cap of $925.88 million, a PE ratio of -11.95 and a beta of -2.10. Yatsen has a 52-week low of $3.01 and a 52-week high of $11.57.

Yatsen (NYSE:YSG - Get Free Report) last issued its quarterly earnings data on Friday, May 16th. The company reported ($0.01) earnings per share 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. As a group, analysts forecast that Yatsen will post -0.32 EPS for the current year.

Yatsen announced that its Board of Directors has authorized a stock buyback program on Friday, May 16th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Yatsen

A number of institutional investors and hedge funds have recently bought and sold shares of YSG. Yiheng Capital Management L.P. bought a new stake in shares of Yatsen during the fourth quarter worth $42,000. Bank of America Corp DE acquired a new position in Yatsen during the 4th quarter valued at about $42,000. Marshall Wace LLP bought a new position in shares of Yatsen in the 4th quarter valued at about $47,000. Public Employees Retirement System of Ohio grew its holdings in Yatsen by 1,446.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company's stock worth $51,000 after acquiring an additional 11,878 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Yatsen by 22.8% in the fourth quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock valued at $74,000 after purchasing an additional 3,435 shares during 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.