NASDAQ:QTTQutoutiao Stock Price, Forecast & News

Qutoutiao's stock was trading at $4.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, QTT shares have decreased by 50.8% and is now trading at $2.38. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 1 buy rating 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, June 1st 2020. View our earnings forecast for Qutoutiao.

Qutoutiao Inc - (NASDAQ:QTT) announced its quarterly earnings results on Wednesday, March, 18th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.32) by $1.54. The company earned $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. Qutoutiao had a negative return on equity of 2,417.23% and a negative net margin of 48.27%. The firm's revenue was up 25.0% on a year-over-year basis. View Qutoutiao's earnings history.

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

1 analysts have issued 12-month price objectives for Qutoutiao's shares. Their forecasts range from $3.70 to $3.70. On average, they anticipate Qutoutiao's share price to reach $3.70 in the next twelve months. This suggests a possible upside of 55.5% from the stock's current price. View analysts' price targets for Qutoutiao.

News coverage about QTT stock has been trending somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Qutoutiao earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutQutoutiao.

Qutoutiao saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,590,000 shares, a decline of 19.1% from the April 30th total of 6,910,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the short-interest ratio is presently 2.7 days. Approximately 4.4% of the company's shares are sold short. View Qutoutiao's Current Options Chain.

Some companies that are related to Qutoutiao include Sabre (SABR), Cardlytics (CDLX), 21Vianet Group (VNET), Internet Initiative Japan (IIJIY), Model N (MODN), Health Catalyst (HCAT), HealthStream (HSTM), Eventbrite (EB), The Rubicon Project (RUBI), TrueCar (TRUE), Pivotal Acquisition (PVT), Aurora Mobile (JG), Phoenix Tree (LIZI), Jianpu Technology (JT) and Synacor (SYNC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include Agile Therapeutics (AGRX), Occidental Petroleum (OXY), NIO (NIO), Vaxart (VXRT), Advanced Micro Devices (AMD), Aytu Bioscience (AYTU), HUYA (HUYA), QUALCOMM (QCOM), SCYNEXIS (SCYX) and VBI Vaccines (VBIV).

(QTT) raised $128 million in an initial public offering (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 a number of retail and institutional investors. Top institutional investors include Krane Funds Advisors LLC (0.73%), Luminus Management LLC (0.40%), BlackRock Inc. (0.21%), State Street Corp (0.10%), Morgan Stanley (0.03%) and Invesco Ltd. (0.03%).

QTT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., and Invesco Ltd..

QTT stock was purchased by a variety of institutional investors in the last quarter, including Luminus Management LLC, Krane Funds Advisors LLC, Morgan Stanley, Jane Street Group LLC, Two Sigma Advisers LP, Engineers Gate Manager LP, State Street Corp, and Paloma Partners Management Co.

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 $2.38.

Qutoutiao has a market capitalization of $674.21 million and generates $790.85 million in revenue each year. The company earns $-386,200,000.00 in net income (profit) each year or ($1.52) on an earnings per share basis. Qutoutiao employs 2,932 workers across the globe.

The official website for Qutoutiao is 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.