Key Points
- VNET Group SVP Zhihua Zhang sold 9,072 shares on May 18 at an average price of $1.69, totaling about $15,331.68. After the transaction, Zhang still owned 33,924 shares, marking a 21.10% reduction in the position.
- The stock slipped 4.1% as the article noted VNET opened at $10.09, with a 12-month range of $5.14 to $14.48. The company also carries a debt-to-equity ratio of 2.68 and a negative trailing P/E of -34.79.
- Recent earnings showed mixed results: VNET reported breakeven EPS of $0.00, missing estimates by $0.04, but revenue of $384.07 million topped expectations. Analysts currently have an average Hold rating with a consensus price target of $18.08.
VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Get Free Report) SVP Zhihua Zhang sold 9,072 shares of VNET Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1.69, for a total value of $15,331.68. Following the sale, the senior vice president directly owned 33,924 shares in the company, valued at $57,331.56. This trade represents a 21.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
VNET Group Stock Down 4.1%
NASDAQ VNET opened at $10.09 on Wednesday. VNET Group, Inc. - Unsponsored ADR has a 12 month low of $5.14 and a 12 month high of $14.48. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.68. The stock has a market cap of $2.73 billion, a PE ratio of -34.79 and a beta of 0.19. The stock's 50 day moving average is $9.12 and its 200 day moving average is $9.72.
VNET Group (NASDAQ:VNET - Get Free Report) last released its quarterly earnings data on Monday, March 16th. The information technology services provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). VNET Group had a negative net margin of 2.48% and a positive return on equity of 1.36%. The company had revenue of $384.07 million for the quarter, compared to the consensus estimate of $368.64 million. Research analysts predict that VNET Group, Inc. - Unsponsored ADR will post 0.21 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have commented on VNET shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of VNET Group in a research note on Friday, March 27th. Wall Street Zen upgraded VNET Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Bank of America reaffirmed a "buy" rating on shares of VNET Group in a report on Monday, March 16th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $23.55 target price on shares of VNET Group in a research report on Monday, March 16th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, VNET Group has an average rating of "Hold" and a consensus price target of $18.08.
View Our Latest Analysis on VNET Group
Institutional Investors Weigh In On VNET Group
A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew its stake in shares of VNET Group by 110.3% in the 3rd quarter. GSA Capital Partners LLP now owns 236,240 shares of the information technology services provider's stock worth $2,440,000 after buying an additional 123,901 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of VNET Group during the 3rd quarter valued at about $3,087,000. William Blair Investment Management LLC purchased a new stake in shares of VNET Group during the 3rd quarter valued at about $15,951,000. DNB Asset Management AS bought a new position in shares of VNET Group in the 3rd quarter valued at about $1,744,000. Finally, AI Squared Management Ltd bought a new position in shares of VNET Group in the 3rd quarter valued at about $3,897,000. Hedge funds and other institutional investors own 72.83% of the company's stock.
About VNET Group
(
Get Free Report)
VNET Group, Inc (NASDAQ: VNET) is a leading carrier-neutral internet data center (IDC) services provider in China. Established in 1999 and headquartered in Beijing, the company delivers a full spectrum of infrastructure solutions that support the growing digital economy. Its core offerings include data center colocation, managed hosting, network connectivity, and disaster recovery services designed to meet the performance and reliability requirements of enterprise and internet content customers.
The company's product portfolio spans private cloud, public cloud and hybrid cloud deployments, enabling clients to scale computing resources on demand.
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