Gaotu Techedu (NYSE:GOTU) Shares Up 0.3% – Time to Buy?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price rose 0.3% during trading on Wednesday . The company traded as high as $1.95 and last traded at $1.9350. Approximately 99,199 shares changed hands during trading, a decline of 78% from the average daily volume of 444,593 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

GOTU has been the topic of a number of research analyst reports. Wall Street Zen raised Gaotu Techedu from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Gaotu Techedu in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gaotu Techedu currently has a consensus rating of “Sell”.

Gaotu Techedu Trading Up 0.3%

The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.03. The firm’s 50 day simple moving average is $2.05 and its two-hundred day simple moving average is $2.43. The stock has a market cap of $489.92 million, a P/E ratio of -10.18 and a beta of 0.70.

Gaotu Techedu (NYSE:GOTU) last released its earnings results on Thursday, March 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. Gaotu Techedu had a negative net margin of 5.31% and a negative return on equity of 21.09%. The firm had revenue of $240.88 million during the quarter, compared to analyst estimates of $232.47 million.

Hedge Funds Weigh In On Gaotu Techedu

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Gaotu Techedu during the fourth quarter worth about $293,000. XTX Topco Ltd grew its position in shares of Gaotu Techedu by 296.1% during the fourth quarter. XTX Topco Ltd now owns 213,813 shares of the company’s stock worth $496,000 after acquiring an additional 159,830 shares during the last quarter. Susquehanna Portfolio Strategies LLC bought a new position in shares of Gaotu Techedu during the fourth quarter worth about $169,000. Quadrature Capital Ltd bought a new position in shares of Gaotu Techedu during the fourth quarter worth about $92,000. Finally, Millennium Management LLC grew its position in shares of Gaotu Techedu by 42.1% during the fourth quarter. Millennium Management LLC now owns 178,957 shares of the company’s stock worth $415,000 after acquiring an additional 53,037 shares during the last quarter. Institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Company Profile

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.