Qutoutiao Inc. operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos. It also provides Midu Novels, a mobile literature application that offers users free literature supported by advertising. The company was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc. in July 2018. Qutoutiao Inc. was founded in 2016 and is headquartered in Shanghai, China.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
CIKN/A
Phone86-21-6858-3790
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$43.70 million
Profitability
Miscellaneous
Employees1,865
Next Earnings Date3/3/2020 (Estimated)
OptionableOptionable
Qutoutiao (NASDAQ:QTT) Frequently Asked Questions
What is Qutoutiao's stock symbol?
Qutoutiao trades on the NASDAQ under the ticker symbol "QTT."
How were Qutoutiao's earnings last quarter?
Qutoutiao Inc - (NASDAQ:QTT) released its quarterly earnings results on Tuesday, December, 3rd. The company reported ($3.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by $2.92. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Qutoutiao had a negative net margin of 48.30% and a negative return on equity of 380.12%. Qutoutiao's revenue for the quarter was up 44.0% on a year-over-year basis. During the same quarter last year, the firm posted ($2.72) EPS. View Qutoutiao's Earnings History.
When is Qutoutiao's next earnings date?
What guidance has Qutoutiao issued on next quarter's earnings?
Qutoutiao issued an update on its fourth quarter 2019
Pre-Market earnings guidance on Tuesday, December, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $223.848-226.646 million, compared to the consensus revenue estimate of $260.65 million.
What price target have analysts set for QTT?
2 brokers have issued 1 year target prices for Qutoutiao's shares. Their forecasts range from $3.70 to $14.00. On average, they expect Qutoutiao's stock price to reach $8.85 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price. View Analyst Price Targets for Qutoutiao.
What is the consensus analysts' recommendation for Qutoutiao?
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.
Has Qutoutiao been receiving favorable news coverage?
Media coverage about QTT stock has been trending negative on Sunday, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Qutoutiao earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Qutoutiao.
Are investors shorting Qutoutiao?
Qutoutiao saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 11,420,000 shares, a decline of 5.4% from the January 15th total of 12,070,000 shares. Based on an average daily volume of 1,075,300 shares, the days-to-cover ratio is presently 10.6 days. Currently, 9.5% of the company's shares are short sold. View Qutoutiao's Current Options Chain.
Who are some of Qutoutiao's key competitors?
Some companies that are related to Qutoutiao include Wix.Com (WIX), GDS (GDS), Sabre (SABR), HUYA (HUYA), Switch (SWCH), Tripadvisor (TRIP), Medallia (MDLA), Pluralsight (PS), SVMK (SVMK), Livongo Health (LVGO), DouYu International (DOYU), Cardlytics (CDLX), Eventbrite (EB), 21Vianet Group (VNET) and Internet Initiative Japan (IIJIY).
What other stocks do shareholders of Qutoutiao own?
Who are Qutoutiao's key executives?
Qutoutiao's management team includes the folowing people:
- Mr. Siliang Tan, Co-Founder & Exec. Chairman (Age 39)
- Mr. Lei Li, Co-Founder, CEO & Exec. Director (Age 35)
- Mr. Jianfei Dong, Co-Pres & Exec. Director (Age 37)
- Mr. Guanqiang Feng, Co-Pres (Age 30)
- Mr. Zhiliang Wang, Co-Founder & CTO (Age 35)
When did Qutoutiao IPO?
(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 acted as the underwriters for the IPO and China Merchants Securities (HK), UBS Investment Ban and KeyBanc Capital Markets were co-managers.
Who are Qutoutiao's major shareholders?
Qutoutiao's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Krane Funds Advisors LLC (0.55%), Migdal Insurance & Financial Holdings Ltd. (0.06%), Penserra Capital Management LLC (0.04%), Geode Capital Management LLC (0.02%), Cubist Systematic Strategies LLC (0.01%) and Credit Suisse AG (0.01%).
Which major investors are selling Qutoutiao stock?
QTT stock was sold by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, Credit Suisse AG, Cubist Systematic Strategies LLC and Goldman Sachs Group Inc..
Which major investors are buying Qutoutiao stock?
QTT stock was bought by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, Migdal Insurance & Financial Holdings Ltd. and Geode Capital Management LLC.
How do I buy shares of Qutoutiao?
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.
What is Qutoutiao's stock price today?
One share of QTT stock can currently be purchased for approximately $5.89.
How big of a company is Qutoutiao?
Qutoutiao has a market capitalization of $1.67 billion and generates $43.70 million in revenue each year. The company earns $-282,540,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis. Qutoutiao employs 1,865 workers across the globe.View Additional Information About Qutoutiao.
What is Qutoutiao's official website?
How can I contact Qutoutiao?
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.
MarketBeat Community Rating for Qutoutiao (NASDAQ QTT)
MarketBeat's community ratings are surveys of what our community members think about Qutoutiao and other stocks. Vote "Outperform" if you believe QTT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QTT will underperform the S&P 500 over the long term. You may vote once every thirty days.
