GSX Techedu Inc. (NYSE:GSX) gapped down prior to trading on Friday . The stock had previously closed at $31.29, but opened at $32.73. GSX Techedu shares last traded at $32.10, with a volume of 55,335 shares trading hands.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of GSX Techedu from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday. Goldman Sachs Group assumed coverage on shares of GSX Techedu in a research report on Tuesday. They issued a “buy” rating and a $45.00 price target for the company. ValuEngine cut shares of GSX Techedu from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Bank of America assumed coverage on shares of GSX Techedu in a research report on Wednesday, October 9th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Barclays restated a “buy” rating and issued a $20.00 price target on shares of GSX Techedu in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.80.

The stock’s 50 day moving average price is $24.08 and its 200 day moving average price is $16.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 1.23.

GSX Techedu (NYSE:GSX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08). The firm had revenue of $557.00 million for the quarter, compared to the consensus estimate of $485.07 million. The business’s revenue for the quarter was up 461.5% compared to the same quarter last year. On average, sell-side analysts anticipate that GSX Techedu Inc. will post 0.16 earnings per share for the current year.

Several large investors have recently bought and sold shares of GSX. Price T Rowe Associates Inc. MD bought a new position in GSX Techedu during the second quarter worth $45,026,000. Bank of America Corp DE bought a new position in GSX Techedu during the second quarter worth $39,540,000. UBS Asset Management Americas Inc. bought a new position in GSX Techedu during the second quarter worth $13,488,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in GSX Techedu during the second quarter worth $6,875,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in GSX Techedu during the second quarter worth $5,395,000. 9.94% of the stock is currently owned by institutional investors.

About GSX Techedu (NYSE:GSX)

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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