Key Points
- Gaotu Techedu CEO Xiangdong Chen bought 200,000 shares on June 11 at an average price of $2.23, a purchase worth about $446,000. After the trade, he owned 7,714,529 shares, increasing his position by 2.66%.
- The stock has been trading near the lower end of its range, opening at $1.53 with a 52-week range of $1.40 to $4.12. Gaotu Techedu has a market cap of about $365.77 million and a beta of 0.60.
- The company recently reported quarterly revenue of $245.04 million, topping estimates, and earnings of $0.02 per share. However, the stock still carries a Sell consensus rating from analysts, and Weiss Ratings recently lowered its view further.
Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) CEO Xiangdong Chen acquired 200,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $2.23 per share, with a total value of $446,000.00. Following the acquisition, the chief executive officer directly owned 7,714,529 shares of the company's stock, valued at $17,203,399.67. The trade was a 2.66% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Gaotu Techedu Stock Performance
NYSE GOTU opened at $1.53 on Friday. Gaotu Techedu Inc. has a 52-week low of $1.40 and a 52-week high of $4.12. The company has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $2.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market capitalization of $365.77 million, a PE ratio of -6.35 and a beta of 0.60.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 6.42% and a negative return on equity of 29.69%. The business had revenue of $245.04 million during the quarter, compared to the consensus estimate of $233.35 million.
Hedge Funds Weigh In On Gaotu Techedu
Several hedge funds have recently bought and sold shares of GOTU. Millennium Management LLC grew its stake in Gaotu Techedu by 602.0% during the first quarter. Millennium Management LLC now owns 1,996,144 shares of the company's stock valued at $6,487,000 after acquiring an additional 1,711,774 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Gaotu Techedu by 157.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,568,492 shares of the company's stock valued at $5,662,000 after purchasing an additional 958,782 shares during the last quarter. Marshall Wace LLP lifted its position in Gaotu Techedu by 3,628.9% during the second quarter. Marshall Wace LLP now owns 788,541 shares of the company's stock valued at $2,847,000 after purchasing an additional 767,394 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Gaotu Techedu during the second quarter valued at approximately $910,000. Finally, Jump Financial LLC bought a new stake in Gaotu Techedu during the second quarter valued at approximately $682,000. Hedge funds and other institutional investors own 48.42% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut shares of Gaotu Techedu from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gaotu Techedu has a consensus rating of "Sell".
Check Out Our Latest Stock Analysis on Gaotu Techedu
About Gaotu Techedu
(
Get Free Report)
Gaotu Techedu Inc (NYSE:GOTU), formerly known as GSX Techedu, is a Beijing-based provider of online education services in China. Since its founding in 2014, the company has built a technology-driven platform that delivers live, interactive tutoring sessions to students primarily in the K-12 segment. Gaotu Techedu's rebranding in 2021 underscored its commitment to leveraging cutting-edge digital tools to expand access to quality instruction across core academic subjects.
The company's main offerings include small-group and one-on-one classes in mathematics, Chinese, English, physics and chemistry, as well as targeted test preparation for high-stakes national and local examinations.
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