Dada Nexus (NASDAQ:DADA) Trading Down 3.7%

Dada Nexus Limited (NASDAQ:DADA) fell 3.7% on Monday . The stock traded as low as $2.07 and last traded at $2.09. 613,962 shares were traded during mid-day trading, a decline of 80% from the average session volume of 2,997,885 shares. The stock had previously closed at $2.17.

Analyst Ratings Changes

A number of research firms have commented on DADA. The Goldman Sachs Group initiated coverage on Dada Nexus in a research report on Thursday, April 25th. They set a “neutral” rating and a $2.10 target price on the stock. Mizuho dropped their price objective on shares of Dada Nexus from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, January 17th. New Street Research reaffirmed a “neutral” rating and issued a $2.00 target price (down previously from $15.00) on shares of Dada Nexus in a research note on Wednesday, March 6th. Finally, Daiwa Capital Markets raised Dada Nexus from a “neutral” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.85.

Dada Nexus Price Performance

The company has a 50 day moving average of $2.14 and a 200 day moving average of $2.61. The stock has a market capitalization of $529.08 million, a price-to-earnings ratio of -1.53 and a beta of 1.46.

Dada Nexus (NASDAQ:DADA) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). Dada Nexus had a negative net margin of 22.62% and a negative return on equity of 14.07%. The company had revenue of $381.95 million for the quarter, compared to analyst estimates of $436.80 million. On average, research analysts forecast that Dada Nexus Limited will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Dada Nexus

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Dada Nexus by 170.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,338 shares of the company’s stock valued at $71,000 after buying an additional 13,447 shares during the last quarter. Kaizen Capital Partners Ltd raised its stake in Dada Nexus by 6.9% during the 3rd quarter. Kaizen Capital Partners Ltd now owns 12,281,623 shares of the company’s stock valued at $54,653,000 after purchasing an additional 788,425 shares during the period. Aviva PLC increased its holdings in shares of Dada Nexus by 56.0% in the 3rd quarter. Aviva PLC now owns 1,443,060 shares of the company’s stock valued at $6,422,000 after purchasing an additional 518,113 shares during the period. Federated Hermes Inc. grew its stake in Dada Nexus by 135.5% in the third quarter. Federated Hermes Inc. now owns 1,203,059 shares of the company’s stock valued at $5,354,000 after purchasing an additional 692,120 shares in the last quarter. Finally, Lansdowne Partners UK LLP acquired a new stake in shares of Dada Nexus in the 3rd quarter valued at $2,920,000. 59.25% of the stock is owned by institutional investors.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.