The Vanguard Group, Inc. recently announced the acquisition of new stake in Gaotu Techedu Inc. (NYSE:GOTU). The institutional investor has increased its shareholding in the Consumer Defensive company by 0.12% to 4.49 million shares with purchase of 5224.0 shares. This fresh investment now brings its stake to 3.01% valued currently at $18.82 million. In addition, D. E. Shaw & Co. LP raised its holdings by 0.27 million to 3.83 million shares. And Acadian Asset Management LLC has lifted its position by 15.44% or 0.51 million shares – to 3.82 million shares.
With over 4.31 million Gaotu Techedu Inc. (GOTU) shares trading Tuesday and a closing price of $2.57 on the day, the dollar volume was approximately $11.08 million. The shares have shown a negative half year performance of -45.67% and its price on 09/12/23 lost nearly -2.28%. Currently, there are 259.59M common shares owned by the public and among those 253.93M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for GOTU have a consensus price objective of $28.20. The analysts have set the share’s price value over the next 12 months at a high of $45.21 and a low of $9.41. The average price target is 38.52% above its recent price level and an upside to the estimated low will see the stock gain 72.69% over that period. But an upside of 94.32% will see the stock hit the forecast high price target while median target price for the stock is $29.10.
The top 3 mutual fund holders in Gaotu Techedu Inc. are Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and Vanguard Institutional Total Intl. Vanguard Emerging Markets Stock I owns 1.98 million shares of the company’s stock, all valued at over $8.29 million. Vanguard Institutional Total Intl now owns shares totaling to 0.57% of the shares outstanding.
Shares of Gaotu Techedu Inc. (NYSE: GOTU) opened at $2.62, down -$0.01 from a prior closing price of $2.63. However, the script later moved the day high at 2.6750, down -2.28%. The company’s stock has a 5-day price change of -8.21% and -22.59% over the past three months. GOTU shares are trading 8.90% year to date (YTD), with the 12-month market performance up to 57.67% higher. It has a 12-month low price of $0.64 and touched a high of $5.49 over the same period. GOTU has an average intraday trading volume of 2.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.48%, -21.41%, and -21.54% respectively.
Institutional ownership of Gaotu Techedu Inc. (NYSE: GOTU) shares accounts for 21.70% of the company’s 259.59M shares outstanding. Mutual fund holders own 23.05%, while other institutional holders and individual stakeholders account for 4.37% and — respectively.
It has a market capitalization of $661.06M and a beta (3y monthly) value of -0.50. The stock’s trailing 12-month PE ratio is 77.88, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 4.86 and a Quick Ratio of 3.00 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.13% over the week and 6.16% over the month.
Analysts forecast that Gaotu Techedu Inc. (GOTU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.18 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.8 a year ago. Earnings per share for the fiscal year are expected to increase by 100.40%, and 50.00% over the next financial year. EPS should grow at an annualized rate of 16.03% over the next five years, compared to 15.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Gaotu Techedu Inc. (GOTU) as a “Hold” at a consensus score of 3.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 1 rated it as a “Sell.”
