Dorsey Wright & Associates Has $1.58 Million Holdings in VNET Group, Inc. – Unsponsored ADR $VNET

Dorsey Wright & Associates decreased its stake in shares of VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET) by 37.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 229,183 shares of the information technology services provider’s stock after selling 139,633 shares during the quarter. Dorsey Wright & Associates’ holdings in VNET Group were worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of VNET Group during the 2nd quarter valued at $32,000. Farther Finance Advisors LLC acquired a new position in shares of VNET Group during the second quarter valued at about $34,000. Quantbot Technologies LP bought a new position in shares of VNET Group during the 1st quarter worth about $36,000. Summit Securities Group LLC acquired a new stake in shares of VNET Group in the 1st quarter valued at about $40,000. Finally, First Horizon Advisors Inc. bought a new stake in VNET Group in the 2nd quarter valued at about $43,000. Institutional investors own 72.83% of the company’s stock.

VNET Group Stock Up 0.9%

Shares of NASDAQ:VNET opened at $8.66 on Wednesday. The business’s 50 day moving average is $9.71 and its 200 day moving average is $8.03. VNET Group, Inc. – Unsponsored ADR has a 12-month low of $3.37 and a 12-month high of $16.13. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -108.25, a PEG ratio of 6.37 and a beta of 0.19. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.40.

VNET Group (NASDAQ:VNET) last issued its quarterly earnings data on Thursday, August 21st. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $339.65 million for the quarter, compared to the consensus estimate of $2.27 billion. VNET Group had a net margin of 0.74% and a return on equity of 0.98%. VNET Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that VNET Group, Inc. – Unsponsored ADR will post -0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VNET has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of VNET Group in a report on Wednesday, October 8th. Bank of America increased their target price on VNET Group from $11.80 to $12.60 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Wall Street Zen lowered shares of VNET Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.15.

VNET Group Company Profile

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.