17 Education & Technology Group (NYSE:YQ) Upgraded at Zacks Research

17 Education & Technology Group (NYSE:YQ) was upgraded by Zacks Research to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, Greenridge Global initiated coverage on shares of 17 Education & Technology Group in a research note on Thursday, September 17th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

17 Education & Technology Group Trading Up 1.9%

NYSE YQ opened at $3.69 on Monday. The firm’s fifty day moving average price is $2.59 and its two-hundred day moving average price is $2.43. 17 Education & Technology Group has a 1 year low of $1.68 and a 1 year high of $6.45. The firm has a market capitalization of $40.02 million, a P/E ratio of -0.92 and a beta of 1.01.

17 Education & Technology Group announced that its board has authorized a share repurchase plan on Thursday, September 3rd that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at 17 Education & Technology Group

In other 17 Education & Technology Group news, CEO Chang Liu purchased 18,988 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was acquired at an average price of $2.20 per share, with a total value of $41,773.60. Following the acquisition, the chief executive officer directly owned 22,910 shares of the company’s stock, valued at $50,402. This trade represents a 484.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders acquired 73,728 shares of company stock worth $161,986. Company insiders own 23.10% of the company’s stock.

About 17 Education & Technology Group

17 Education & Technology Group Inc is a China-based education technology company that provides digital tools and services for the K-12 education market. Its platform is designed to connect schools, teachers, students and parents through online learning, homework, teaching and school-management applications.

The company’s services include digital homework and assessment tools, educational content, classroom and teaching support, student learning products, and data-driven school management solutions.