First Manhattan Co. recently announced the acquisition of new stake in So-Young International Inc. (NASDAQ:SY). The institutional investor has increased its shareholding in the Healthcare company by 113.64% to 4.3 million shares with purchase of 2.29 million shares. This fresh investment now brings its stake to 4.75% valued currently at $61.64 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.23 million to 1.19 million shares. And BofA Securities, Inc. has lifted its position by 4.80% or 39799.0 shares – to 0.87 million shares.
With over 1.36 million So-Young International Inc. (SY) shares trading Friday and a closing price of $12.57 on the day, the dollar volume was approximately $17.13 million. The shares have shown a negative weekly performance of -3.38% and its price on 08/28/20 gained nearly 7.53%. Currently, there are 105.94M common shares owned by the public and among those 13.00M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for SY have a consensus price objective of $107.65. The analysts have set the share’s price value over the next 12 months at a high of $136.31 and a low of $89.44 should the stock experience a downside. Incidentally, analysts’ outlook for the So-Young International Inc. stock is 1.40 for the next 12 months. The average price target is 19.53% above its last price level and an upside to the estimated low will see the stock gain 85.95% over that period. But an upside of 90.78% will see the stock hit the forecast high price target while mean target price for the stock is $103.44.
The top 3 mutual fund holders in So-Young International Inc. are KraneShares CSI China Internet ET, Vanguard Total International Stoc, and Vanguard Emerging Markets Stock I. KraneShares CSI China Internet ET owns 0.62 million shares of the company’s stock, all valued at over $8.94 million. The company sold 2328.0 shares recently to bring their total holdings to about 0.69% of the shares outstanding. Vanguard Emerging Markets Stock I bought 33732.0 shares to bring its total holdings to over 0.52 million shares at a value of $7.41 million. Vanguard Emerging Markets Stock I now owns shares totaling to 0.57% of the shares outstanding.
Shares of So-Young International Inc. (NASDAQ: SY) opened at $11.71, up $0.02 from a prior closing price of $11.69. However, the script later closed the day at $12.57, up 7.53%. The company’s stock has a 5-day price change of -3.38% and 31.90% over the past three months. SY shares are trading 2.86% year to date (YTD), with the 12-month market performance up to 13.86% higher. It has a 12-month low price of $8.03 and touched a high of $16.96 over the same period. Currently, 1.36 million shares have been traded, compared to an average intraday trading volume of 804.35K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.46%, -5.59%, and 5.38% respectively.
Institutional ownership of So-Young International Inc. (NASDAQ: SY) shares accounts for 27.80% of the company’s 105.94M shares outstanding. Mutual fund holders own 24.07%, while other institutional holders and individual stakeholders account for 3.25% and — respectively.
It has a market capitalization of $1.06B. The stock’s trailing 12-month PE ratio is 139.67, while the earnings-per-share (ttm) stands at $0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.58% over the week and 6.56% over the month.
Analysts forecast that So-Young International Inc. (SY) will achieve an EPS of $0.13 for the current quarter, $0.23 for the next quarter and $0.94 for 2021. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 413.60%, and 140.24% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate So-Young International Inc. (SY) as a “Strong Buy” at a consensus score of 1.40. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SY, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on April 23, 2020, with the firm’s price target at $16.20. Jefferies coverage for the So-Young International Inc. (SY) stock in a research note released on December 05, 2019 offered a Buy rating with a price target of. Needham was of a view on May 28, 2019 that the stock is Buy, while Deutsche Bank gave the stock Buy rating on May 28, 2019, issuing a price target of. Canaccord Genuity on their part issued Buy rating on May 28, 2019.