Yuanbao (NASDAQ:YB) Issues Earnings Results

Key Points

• Yuanbao reported earnings of $0.90 per share for the recent quarter, indicating strong financial performance.
• Shares of Yuanbao rose by 1.7% and have fluctuated between a fifty-two week low of $14.04 and a high of $31.00.
• Wall Street analysts downgraded Yuanbao's rating from "buy" to "hold", suggesting a more cautious outlook for the company's stock.

Yuanbao (NASDAQ:YB - Get Free Report) announced its earnings results on Wednesday. The company reported $0.90 earnings per share for the quarter, Zacks reports.

Yuanbao Stock Up 1.7%

Shares of Yuanbao stock opened at $29.92 on Wednesday. The business has a fifty day moving average price of $25.68. Yuanbao has a fifty-two week low of $14.04 and a fifty-two week high of $31.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Yuanbao stock. Federated Hermes Inc. bought a new position in Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 17,600 shares of the company's stock, valued at approximately $370,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Yuanbao from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.