NASDAQ:QTT - Qutoutiao Stock Price, Forecast & News

Qutoutiao's stock was trading at $4.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, QTT shares have decreased by 49.4% and is now trading at $2.45. View which stocks have been mosted impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Qutoutiao.

Qutoutiao is scheduled to release its next quarterly earnings announcement on Monday, May 18th 2020. View our earnings forecast for Qutoutiao.

Qutoutiao Inc - (NASDAQ:QTT) issued its quarterly earnings data on Wednesday, March, 18th. The company reported ($1.86) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.32) by $1.54. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Qutoutiao had a negative net margin of 48.27% and a negative return on equity of 2,445.77%. Qutoutiao's revenue was up 25.0% on a year-over-year basis. View Qutoutiao's earnings history.

Qutoutiao issued an update on its first quarter 2020 Pre-Market earnings guidance on Wednesday, March, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $201.097-203.97 million.

2 Wall Street analysts have issued 12-month target prices for Qutoutiao's stock. Their forecasts range from $3.70 to $14.00. On average, they expect Qutoutiao's stock price to reach $8.85 in the next year. This suggests a possible upside of 261.2% from the stock's current price. View analysts' price targets for Qutoutiao.

News articles about QTT stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Qutoutiao earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutQutoutiao.

Some companies that are related to Qutoutiao include Tripadvisor (TRIP), Livongo Health (LVGO), DouYu International (DOYU), SVMK (SVMK), Pluralsight (PS), Sabre (SABR), 21Vianet Group (VNET), Internet Initiative Japan (IIJIY), Cardlytics (CDLX), Health Catalyst (HCAT), Model N (MODN), HealthStream (HSTM), Eventbrite (EB), Phoenix Tree (LIZI) and The Rubicon Project (RUBI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include Agile Therapeutics (AGRX), Advanced Micro Devices (AMD), vTv Therapeutics (VTVT), Amarin (AMRN), Crispr Therapeutics (CRSP), Vaxart (VXRT), HUYA (HUYA), NIO (NIO), Aduro BioTech (ADRO) and Bilibili (BILI).

(QTT) raised $128 million in an IPO on Friday, September 14th 2018. The company issued 16,000,000 shares at a price of $7.00-$9.00 per share. Citigroup and Deutsche Bank Securities served as the underwriters for the IPO and China Merchants Securities (HK), UBS Investment Ban and KeyBanc Capital Markets were co-managers.

Qutoutiao trades on the NASDAQ under the ticker symbol "QTT."

Qutoutiao's stock is owned by many different retail and institutional investors. Top institutional shareholders include Krane Funds Advisors LLC (0.55%), Norges Bank (0.16%), Migdal Insurance & Financial Holdings Ltd. (0.06%), Penserra Capital Management LLC (0.04%), Geode Capital Management LLC (0.02%) and Cubist Systematic Strategies LLC (0.01%).

QTT stock was sold by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, Credit Suisse AG, Nuveen Asset Management LLC, Cubist Systematic Strategies LLC, and Goldman Sachs Group Inc..

QTT stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Krane Funds Advisors LLC, Migdal Insurance & Financial Holdings Ltd., and Geode Capital Management LLC.

Shares of QTT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of QTT stock can currently be purchased for approximately $2.45.

Qutoutiao has a market capitalization of $694.04 million and generates $790.85 million in revenue each year. The company earns $-389,050,000.00 in net income (profit) each year or ($1.52) on an earnings per share basis. Qutoutiao employs 1,865 workers across the globe. View additional information about Qutoutiao.

The official website for Qutoutiao is http://www.qutoutiao.net/.

Qutoutiao's mailing address is 11/F BLDG 3 XINGCHUANG TECHNOLOGY PLZ 5005 NONG SHENJIANG RD PUDONG NEW AREA, SHANGHAI F4, 200120. The company can be reached via phone at 86-21-6858-3790.