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. Since then, QTT stock has decreased by 40.1% and is now trading at $2.90.
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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 Thursday, June, 4th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by $0.02. The firm earned $202.24 million during the quarter. Qutoutiao had a negative return on equity of 2,417.23% and a negative net margin of 43.29%.
View Qutoutiao's earnings history.

Qutoutiao updated its second quarter 2020 Pre-Market earnings guidance on Thursday, June, 4th. The company provided 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 analysts have issued 1-year price objectives for Qutoutiao's shares. Their forecasts range from $3.70 to $3.70. On average, they expect Qutoutiao's share price to reach $3.70 in the next year. This suggests a possible upside of 27.6% from the stock's current price.
View analysts' price targets for Qutoutiao.

News articles about QTT stock have been trending extremely negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Qutoutiao earned a news impact score of -4.1 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Qutoutiao.

Qutoutiao saw a decrease in short interest in April. As of April 30th, there was short interest totaling 5,590,000 shares, a decrease of 19.1% from the April 15th 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. Approximately 4.4% of the shares of the stock are sold short.
View Qutoutiao's Short Interest.

Some companies that are related to Qutoutiao include SVMK (SVMK), Tripadvisor (TRIP), Pluralsight (PS), 21Vianet Group (VNET), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), Health Catalyst (HCAT), Model N (MODN), Eventbrite (EB), the Rubicon Project (MGNI), HealthStream (HSTM), TrueCar (TRUE), Pivotal Acquisition (PVT) and Phoenix Tree (LIZI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), BioNano Genomics (BNGO), Matinas BioPharma (MTNB), ADMA Biologics (ADMA), AEterna Zentaris (AEZS), EnLink Midstream (ENLC), Gran Tierra Energy (GTE), OrganiGram (OGI) and SCYNEXIS (SCYX).

(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 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 (0.52%), California Public Employees Retirement System (0.09%), Virtu Financial LLC (0.01%), Leap Investments LP (0.00%) and Goldman Sachs Group Inc. (0.00%).

QTT stock was sold by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, and Goldman Sachs Group Inc..

QTT stock was bought by a variety of institutional investors in the last quarter, including Virtu Financial LLC, California Public Employees Retirement System, and Leap Investments LP.

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 $2.90.

Qutoutiao has a market capitalization of $821.51 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.