Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Rating of “Moderate Buy” from Analysts

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.7875.

A number of equities analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Nomura set a $11.00 price objective on Full Truck Alliance in a research note on Monday, June 15th. Weiss Ratings lowered Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Friday, March 13th.

Hedge Funds Weigh In On Full Truck Alliance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new position in shares of Full Truck Alliance in the first quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after acquiring an additional 1,762 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Full Truck Alliance in the fourth quarter worth approximately $39,000. Banque de Luxembourg S.A. acquired a new position in Full Truck Alliance in the fourth quarter valued at approximately $44,000. Finally, CoreCap Advisors LLC lifted its stake in Full Truck Alliance by 2,000.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 4,000 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Trading Down 3.4%

Shares of YMM stock opened at $7.55 on Friday. The business’s 50-day moving average price is $8.56 and its 200-day moving average price is $9.32. Full Truck Alliance has a 12 month low of $7.53 and a 12 month high of $14.07. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.69 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The firm had revenue of $456.32 million for the quarter. On average, sell-side analysts predict that Full Truck Alliance will post 0.69 earnings per share for the current fiscal year.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.