Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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 company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.7875.

Several analysts recently commented on YMM shares. Weiss Ratings downgraded 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. Bank of America started coverage on Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. Nomura set a $11.00 price objective on Full Truck Alliance in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective on the stock in a research note on Wednesday, April 1st.

Full Truck Alliance Stock Up 2.2%

NYSE:YMM opened at $7.71 on Friday. Full Truck Alliance has a 12-month low of $7.45 and a 12-month high of $14.07. The firm has a market capitalization of $8.03 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.68 and a beta of 0.30. The stock’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $9.31.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $456.32 million for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. As a group, equities research analysts expect that Full Truck Alliance will post 0.69 earnings per share for the current year.

Institutional Trading of Full Truck Alliance

Hedge funds have recently added to or reduced their stakes in the business. Capital International Investors acquired a new stake in shares of Full Truck Alliance in the third quarter valued at about $188,227,000. Carrhae Capital LLP acquired a new stake in shares of Full Truck Alliance in the third quarter valued at about $34,692,000. SG Americas Securities LLC increased its position in shares of Full Truck Alliance by 534.0% in the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock valued at $12,301,000 after acquiring an additional 965,601 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Full Truck Alliance by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock valued at $25,080,000 after acquiring an additional 627,118 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Full Truck Alliance by 103.2% in the third quarter. Russell Investments Group Ltd. now owns 2,260,366 shares of the company’s stock valued at $29,317,000 after acquiring an additional 1,148,008 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

About Full Truck Alliance

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.