Gaotu Techedu (NYSE:GOTU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gaotu Techedu (NYSE:GOTU) from a sell rating to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gaotu Techedu in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Gaotu Techedu has a consensus rating of “Sell”.

Gaotu Techedu Stock Up 0.6%

NYSE:GOTU opened at $2.36 on Friday. The company has a fifty day moving average of $2.59 and a 200 day moving average of $3.23. Gaotu Techedu has a 52 week low of $1.87 and a 52 week high of $4.56. The firm has a market capitalization of $596.26 million, a P/E ratio of -11.21 and a beta of 0.20.

Gaotu Techedu (NYSE:GOTU) last announced its quarterly earnings results on Wednesday, November 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.80. Gaotu Techedu had a negative net margin of 6.45% and a negative return on equity of 21.95%. The business had revenue of $31.24 million for the quarter, compared to analyst estimates of $1.57 billion.

Hedge Funds Weigh In On Gaotu Techedu

Hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in Gaotu Techedu by 2.3% in the first quarter. Invesco Ltd. now owns 126,090 shares of the company’s stock worth $410,000 after buying an additional 2,876 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Gaotu Techedu during the 2nd quarter valued at approximately $36,000. Walleye Trading LLC grew its holdings in shares of Gaotu Techedu by 110.1% during the 2nd quarter. Walleye Trading LLC now owns 21,722 shares of the company’s stock worth $78,000 after acquiring an additional 11,383 shares during the period. Quadrature Capital Ltd bought a new position in shares of Gaotu Techedu in the 2nd quarter worth approximately $42,000. Finally, Bank of America Corp DE raised its position in shares of Gaotu Techedu by 10.5% in the 3rd quarter. Bank of America Corp DE now owns 164,737 shares of the company’s stock worth $537,000 after acquiring an additional 15,651 shares in the last quarter. Hedge funds and other institutional investors own 48.42% of the company’s stock.

About Gaotu Techedu

Gaotu Techedu Inc (NYSE:GOTU), formerly known as GSX Techedu, is a Beijing-based provider of online education services in China. Since its founding in 2014, the company has built a technology-driven platform that delivers live, interactive tutoring sessions to students primarily in the K-12 segment. Gaotu Techedu’s rebranding in 2021 underscored its commitment to leveraging cutting-edge digital tools to expand access to quality instruction across core academic subjects.

The company’s main offerings include small-group and one-on-one classes in mathematics, Chinese, English, physics and chemistry, as well as targeted test preparation for high-stakes national and local examinations.