Qutoutiao Inc – (NASDAQ:QTT) Receives $12.67 Average PT from Analysts

Share on StockTwits

Shares of Qutoutiao Inc – (NASDAQ:QTT) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.43.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Qutoutiao from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group assumed coverage on shares of Qutoutiao in a report on Thursday, December 5th. They set a “buy” rating and a $3.70 price target for the company.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in shares of Qutoutiao during the second quarter worth $59,000. Public Employees Retirement System of Ohio acquired a new position in shares of Qutoutiao during the second quarter worth $59,000. Enlightenment Research LLC acquired a new position in shares of Qutoutiao during the second quarter worth $66,000. Vanguard Group Inc. acquired a new position in shares of Qutoutiao during the second quarter worth $75,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Qutoutiao during the second quarter worth $94,000. Hedge funds and other institutional investors own 5.15% of the company’s stock.

Shares of NASDAQ QTT traded up $0.13 during midday trading on Thursday, hitting $2.98. The company had a trading volume of 2,555,466 shares, compared to its average volume of 1,920,012. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 2.47. Qutoutiao has a twelve month low of $2.56 and a twelve month high of $18.00. The business has a 50-day simple moving average of $3.37 and a two-hundred day simple moving average of $3.97. The firm has a market capitalization of $779.02 million, a price-to-earnings ratio of -1.42 and a beta of 0.68.

Qutoutiao (NASDAQ:QTT) last posted its earnings results on Tuesday, December 3rd. The company reported ($3.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($2.92). Qutoutiao had a negative net margin of 48.30% and a negative return on equity of 380.12%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business posted ($2.72) earnings per share. The business’s revenue was up 44.0% compared to the same quarter last year. On average, equities analysts forecast that Qutoutiao will post -1.52 EPS for the current year.

Qutoutiao Company Profile

Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.

Featured Article: Conference Calls

Receive News & Ratings for Qutoutiao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qutoutiao and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Ameris Bancorp  to Release Earnings on Thursday
Ameris Bancorp to Release Earnings on Thursday
ConnectOne Bancorp  Set to Announce Earnings on Thursday
ConnectOne Bancorp Set to Announce Earnings on Thursday
Canadian Pacific Railway  Set to Announce Quarterly Earnings on Wednesday
Canadian Pacific Railway Set to Announce Quarterly Earnings on Wednesday
IBERIABANK  Scheduled to Post Quarterly Earnings on Friday
IBERIABANK Scheduled to Post Quarterly Earnings on Friday
Extreme Networks  Set to Announce Earnings on Wednesday
Extreme Networks Set to Announce Earnings on Wednesday
Old Republic International  Set to Announce Earnings on Thursday
Old Republic International Set to Announce Earnings on Thursday


© 2006-2020 Ticker Report