NASDAQ:QTTQutoutiao 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 stock has decreased by 41.9% and is now trading at $2.81. 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 Wednesday, September 2nd 2020. View our earnings forecast for Qutoutiao.

Qutoutiao Inc - (NASDAQ:QTT) posted 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 25.0% on a year-over-year basis. View Qutoutiao's earnings history.

Qutoutiao updated its second quarter 2020 Pre-Market earnings guidance on Thursday, June, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $199.13-201.955 million, compared to the consensus revenue estimate of $247.69 million.

1 equities research analysts have issued 12 month target prices for Qutoutiao's shares. Their forecasts range from $3.70 to $3.70. On average, they anticipate Qutoutiao's stock price to reach $3.70 in the next year. This suggests a possible upside of 31.7% from the stock's current price. View analysts' price targets for Qutoutiao.

News coverage about QTT stock has been trending negative on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Qutoutiao earned a news impact score of -2.7 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutQutoutiao.

Qutoutiao saw a decline in short interest during 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 volume of 2,070,000 shares, the short-interest ratio is currently 2.7 days. Currently, 4.4% of the company's stock are sold short. View Qutoutiao's Current Options Chain.

Some companies that are related to Qutoutiao include SVMK (SVMK), DouYu International (DOYU), Tripadvisor (TRIP), Pluralsight (PS), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), 21Vianet Group (VNET), Model N (MODN), Health Catalyst (HCAT), Eventbrite (EB), The Rubicon Project (RUBI), HealthStream (HSTM), TrueCar (TRUE) and Pivotal Acquisition (PVT). 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 IPO on Friday, September 14th 2018. The company issued 16,000,000 shares at $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 variety of institutional and retail investors. Top institutional shareholders 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 $2.81.

Qutoutiao has a market capitalization of $796.02 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.