Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Stock Has Consensus Price Target of $11.30 According to Brokerages

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) have received an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.30.

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. UBS Group reaffirmed a “buy” rating and set a $13.36 price objective on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th.

Full Truck Alliance Stock Down 4.2%

YMM stock opened at $8.06 on Friday. The business’s fifty day moving average is $8.43 and its 200-day moving average is $8.83. The company has a market cap of $8.41 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.75 and a beta of 0.22. Full Truck Alliance has a twelve month low of $7.45 and a twelve month high of $13.21.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%. Research analysts anticipate that Full Truck Alliance will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th were issued a $0.0840 dividend. This represents a $0.34 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, October 14th. Full Truck Alliance’s dividend payout ratio is 55.93%.

Institutional Investors Weigh In On Full Truck Alliance

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in Full Truck Alliance by 55.1% in the second quarter. Tidal Investments LLC now owns 770,588 shares of the company’s stock valued at $6,257,000 after purchasing an additional 273,851 shares in the last quarter. Nykredit A S acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $1,862,000. Public Employees Retirement System of Ohio acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $1,418,000. National Pension Service bought a new stake in shares of Full Truck Alliance during the 2nd quarter worth approximately $1,709,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Full Truck Alliance during the 2nd quarter worth approximately $1,641,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Full Truck Alliance

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.