NASDAQ:QTT - Qutoutiao Stock Price, Forecast & News

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

Qutoutiao Inc - (NASDAQ:QTT) announced its earnings results on Tuesday, December, 3rd. The company reported ($3.32) EPS for the quarter, missing the consensus estimate of ($0.40) by $2.92. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Qutoutiao had a negative return on equity of 380.12% and a negative net margin of 48.30%. The business's quarterly revenue was up 44.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.72) EPS. View Qutoutiao's Earnings History.

Qutoutiao is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Qutoutiao.

Qutoutiao updated its fourth quarter 2019 Pre-Market earnings guidance on Tuesday, December, 3rd. The company provided earnings per share 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.

2 brokers have issued 1-year price objectives for Qutoutiao's stock. Their forecasts range from $3.70 to $14.00. On average, they anticipate Qutoutiao's share price to reach $8.85 in the next year. This suggests a possible upside of 60.6% from the stock's current price. View Analyst Price Targets 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.

News stories about QTT stock have been trending neutral recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Qutoutiao earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Qutoutiao.

Qutoutiao saw a drop in short interest in January. As of January 31st, there was short interest totalling 11,420,000 shares, a drop 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 short-interest ratio is currently 10.6 days. Approximately 9.5% of the shares of the stock are short sold. View Qutoutiao's Current Options Chain.

Some companies that are related to Qutoutiao include Wix.Com (WIX), Sabre (SABR), HUYA (HUYA), Switch (SWCH), Tripadvisor (TRIP), Medallia (MDLA), SVMK (SVMK), Pluralsight (PS), Livongo Health (LVGO), DouYu International (DOYU), Cardlytics (CDLX), Eventbrite (EB), 21Vianet Group (VNET), Internet Initiative Japan (IIJIY) and Health Catalyst (HCAT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include Agile Therapeutics (AGRX), vTv Therapeutics (VTVT), Advanced Micro Devices (AMD), Vaxart (VXRT), Aduro BioTech (ADRO), Micron Technology (MU), Nabriva Therapeutics (NBRV), OpGen (OPGN), Plug Power (PLUG) and Resonant (RESN).

(QTT) raised $128 million in an initial public offering (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's stock is owned by many different of institutional and retail 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%).

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..

QTT stock was acquired 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.

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 $5.51.

Qutoutiao has a market capitalization of $1.56 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.

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.