Full Truck Alliance (NYSE:YMM) Upgraded by JPMorgan Chase & Co. to Neutral Rating

Full Truck Alliance (NYSE:YMM) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $8.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 3.30% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Weiss Ratings lowered Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Friday, March 13th. Finally, iA Financial set a $8.00 price objective on Full Truck Alliance in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.43.

Full Truck Alliance Price Performance

YMM traded down $0.03 during trading on Wednesday, hitting $8.27. The company had a trading volume of 416,978 shares, compared to its average volume of 8,696,412. Full Truck Alliance has a 1-year low of $8.04 and a 1-year high of $14.07. The company has a market cap of $8.65 billion, a PE ratio of 13.79 and a beta of 0.23. The business has a 50-day moving average of $9.28 and a 200-day moving average of $10.99.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. Research analysts forecast that Full Truck Alliance will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Full Truck Alliance

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after buying an additional 1,762 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Full Truck Alliance during the 4th quarter worth about $39,000. Banque de Luxembourg S.A. purchased a new position in Full Truck Alliance during the 4th quarter valued at about $44,000. CoreCap Advisors LLC increased its holdings in shares of Full Truck Alliance by 2,000.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares during the period. 39.02% of the stock is owned by institutional investors.

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.