TAL Education Group (NYSE:TAL) Shares Gap Down – What’s Next?

TAL Education Group (NYSE:TAL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.87, but opened at $9.35. TAL Education Group shares last traded at $9.34, with a volume of 2,947,726 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, TAL Education Group has an average rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Price Performance

The firm’s 50 day moving average price is $9.91 and its two-hundred day moving average price is $9.81. The stock has a market cap of $5.75 billion, a PE ratio of 86.41 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. During the same quarter last year, the company earned $0.06 EPS. Analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Trading of TAL Education Group

A number of hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in TAL Education Group during the third quarter worth about $48,000. EverSource Wealth Advisors LLC increased its holdings in shares of TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after buying an additional 2,186 shares during the period. Blue Trust Inc. lifted its stake in shares of TAL Education Group by 134.2% in the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after acquiring an additional 4,403 shares during the last quarter. DRW Securities LLC purchased a new stake in TAL Education Group during the 3rd quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in TAL Education Group by 1,298,400.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock worth $154,000 after acquiring an additional 12,984 shares during the last quarter. 37.79% of the stock is owned by institutional investors.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.