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.
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.
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