So-Young International (NASDAQ:SY) Stock Price Up 4.5% – Here’s Why

Shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY) traded up 4.5% on Monday . The stock traded as high as $2.80 and last traded at $2.76. 385,583 shares traded hands during trading, a decline of 26% from the average session volume of 522,252 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SY shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of So-Young International in a research note on Monday, December 29th. Wall Street Zen raised shares of So-Young International from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.50.

So-Young International Trading Up 4.5%

The business has a 50-day moving average price of $3.10 and a 200-day moving average price of $3.89. The stock has a market cap of $278.35 million, a PE ratio of -2.79 and a beta of 2.04.

So-Young International (NASDAQ:SY) last posted its quarterly earnings data on Monday, November 17th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.24. So-Young International had a negative net margin of 51.26% and a negative return on equity of 10.07%. The company had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $386.64 million.

Institutional Investors Weigh In On So-Young International

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of So-Young International by 1,301.9% in the third quarter. Citigroup Inc. now owns 675,121 shares of the company’s stock valued at $2,613,000 after acquiring an additional 626,963 shares in the last quarter. HCEP Management Ltd acquired a new position in So-Young International in the 3rd quarter valued at $1,899,000. KADENSA CAPITAL Ltd purchased a new position in So-Young International in the 3rd quarter valued at $3,956,000. JPMorgan Chase & Co. acquired a new stake in So-Young International during the 3rd quarter worth $145,000. Finally, Nomura Holdings Inc. acquired a new stake in So-Young International during the 3rd quarter worth $1,265,000. 35.31% of the stock is currently owned by institutional investors and hedge funds.

About So-Young International

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.