Yatsen (NYSE:YSG) Sets New 12-Month Low at $7.08

Yatsen Holding Limited (NYSE:YSG)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $7.08 and last traded at $7.20, with a volume of 31880 shares. The stock had previously closed at $7.46.

YSG has been the subject of several recent research reports. 86 Research started coverage on Yatsen in a report on Wednesday, April 21st. They set a “buy” rating and a $19.00 price target for the company. Raymond James assumed coverage on shares of Yatsen in a report on Tuesday, July 13th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research raised shares of Yatsen from a “sell” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.30.

The business’s 50 day moving average is $9.54. The firm has a market capitalization of $2.86 billion and a P/E ratio of -2.46.

Yatsen (NYSE:YSG) last announced its quarterly earnings data on Tuesday, May 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). The business had revenue of $220.47 million for the quarter. As a group, sell-side analysts anticipate that Yatsen Holding Limited will post -0.37 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in YSG. FNY Investment Advisers LLC purchased a new position in shares of Yatsen during the first quarter valued at about $122,000. Ocean Arete Ltd. purchased a new position in Yatsen during the 4th quarter valued at approximately $256,000. Compagnie Lombard Odier SCmA bought a new stake in Yatsen in the 1st quarter worth approximately $220,000. Avalon Investment & Advisory raised its holdings in shares of Yatsen by 63.1% during the 1st quarter. Avalon Investment & Advisory now owns 47,850 shares of the company’s stock worth $591,000 after acquiring an additional 18,513 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Yatsen during the 1st quarter valued at approximately $241,000. Institutional investors and hedge funds own 18.85% of the company’s stock.

About Yatsen (NYSE:YSG)

Yatsen Holding Limited engages in the development and sale of beauty products under the brands of Perfect Diary, Little Ondine, and Abby's Choice in the People's Republic of China. The company offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges; kits; and other products, such as perfumes and cross-over products, including beauty devices and colored contact lenses.

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