Wall Street Zen upgraded shares of Yatsen (NYSE:YSG - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday.
Yatsen Stock Performance
Shares of NYSE YSG traded down $0.09 during mid-day trading on Friday, reaching $9.56. 212,429 shares of the company's stock were exchanged, compared to its average volume of 265,832. The company's 50-day moving average is $7.87 and its 200-day moving average is $5.32. Yatsen has a 52-week low of $3.01 and a 52-week high of $11.57. The firm has a market capitalization of $881.62 million, a price-to-earnings ratio of -11.34 and a beta of -2.10.
Yatsen (NYSE:YSG - Get Free Report) last released 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 return on equity of 17.36% and a negative net margin of 17.03%. As a group, equities analysts predict that Yatsen will post -0.32 earnings per share for the current fiscal year.
Yatsen announced that its Board of Directors has authorized a stock buyback program on Friday, May 16th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
Institutional Trading of Yatsen
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WT Asset Management Ltd bought a new stake in shares of Yatsen in the second quarter worth approximately $1,397,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Yatsen in the 4th quarter valued at $452,000. Yiheng Capital Management L.P. raised its holdings in Yatsen by 816.7% in the 1st quarter. Yiheng Capital Management L.P. now owns 96,328 shares of the company's stock valued at $463,000 after buying an additional 85,820 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Yatsen by 43.1% in the fourth 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 in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Yatsen by 113.8% in the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company's stock valued at $417,000 after purchasing an additional 55,766 shares in the last quarter.
Yatsen Company Profile
(
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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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