NASDAQ:QTT - Qutoutiao Stock Price, Forecast & News

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

Qutoutiao Inc - (NASDAQ:QTT) released its quarterly earnings results on Tuesday, December, 3rd. The company reported ($3.32) EPS for the quarter, missing analysts' consensus estimates of ($0.40) by $2.92. The business earned $1.41 billion during the quarter, compared to analysts' expectations of $1.40 billion. Qutoutiao had a negative net margin of 48.30% and a negative return on equity of 380.12%. The company's quarterly revenue was up 44.0% compared to the same quarter last year. During the same quarter last year, the business posted ($2.72) earnings per share. 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 (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.

3 Wall Street analysts have issued 12-month target prices for Qutoutiao's shares. Their forecasts range from $3.70 to $14.00. On average, they anticipate Qutoutiao's share price to reach $9.23 in the next year. This suggests a possible upside of 70.4% from the stock's current price. View Analyst Price Targets for Qutoutiao.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 1 hold rating and 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 very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Qutoutiao earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for 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 trading volume of 1,075,300 shares, the short-interest ratio is presently 10.6 days. Approximately 9.5% of the company's shares are sold short. View Qutoutiao's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include NIO (NIO), Agile Therapeutics (AGRX), SCYNEXIS (SCYX), AbbVie (ABBV), Bank of America (BAC), HUYA (HUYA), Applied Materials (AMAT), Advanced Micro Devices (AMD), Bilibili (BILI) and G-III Apparel Group (GIII).

(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 acted 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 a variety of of retail and institutional investors. Top institutional investors include Krane Funds Advisors LLC (0.55%), Migdal Insurance & Financial Holdings Ltd. (0.06%), Penserra Capital Management LLC (0.04%), Cubist Systematic Strategies LLC (0.01%), Credit Suisse AG (0.01%) and Goldman Sachs Group Inc. (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 bought by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC and Migdal Insurance & Financial Holdings Ltd..

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 $5.42.

Qutoutiao has a market capitalization of $1.54 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.