Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTUGet Free Report) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $162.8043.

A number of brokerages recently issued reports on FUTU. Zacks Research cut shares of Futu from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. Wall Street Zen cut Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. The Goldman Sachs Group downgraded Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a report on Monday, May 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $170.50 price target on shares of Futu in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target (down from $300.00) on shares of Futu in a report on Friday, May 22nd.

Read Our Latest Analysis on Futu

Futu Stock Up 1.7%

Shares of Futu stock opened at $95.63 on Thursday. Futu has a 12-month low of $80.50 and a 12-month high of $202.53. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.10 and a beta of 0.39. The firm’s 50-day moving average price is $111.75 and its two-hundred day moving average price is $140.74.

Futu (NASDAQ:FUTUGet Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $2.89 by ($2.12). Futu had a net margin of 41.87% and a return on equity of 26.48%. The firm had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. On average, sell-side analysts expect that Futu will post 8.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FUTU. AQR Capital Management LLC acquired a new stake in shares of Futu in the 1st quarter valued at approximately $235,000. Jones Financial Companies Lllp increased its position in Futu by 442.4% during the 1st quarter. Jones Financial Companies Lllp now owns 640 shares of the company’s stock worth $66,000 after purchasing an additional 522 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Futu by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 459,175 shares of the company’s stock worth $46,997,000 after purchasing an additional 16,255 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Futu in the 1st quarter valued at approximately $27,000. Finally, American Century Companies Inc. lifted its stake in Futu by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 9,905 shares of the company’s stock valued at $1,224,000 after purchasing an additional 836 shares during the last quarter.

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Futu Company Profile

(Get Free Report)

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.

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