Yuanbao Inc. – Sponsored ADR’s (NASDAQ:YB) Lock-Up Period Will Expire on October 27th

Yuanbao’s (NASDAQ:YBGet Free Report) lock-up period is set to expire on Monday, October 27th. Yuanbao had issued 2,000,000 shares in its initial public offering on April 30th. The total size of the offering was $30,000,000 based on an initial share price of $15.00. After the expiration of Yuanbao’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Yuanbao in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on YB

Yuanbao Price Performance

NASDAQ:YB opened at $23.78 on Wednesday. Yuanbao has a twelve month low of $14.04 and a twelve month high of $31.00. The firm’s 50-day simple moving average is $23.25.

Yuanbao (NASDAQ:YBGet Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.90 earnings per share for the quarter. The business had revenue of $149.36 million for the quarter.

Hedge Funds Weigh In On Yuanbao

Several large investors have recently made changes to their positions in the business. Federated Hermes Inc. bought a new position in shares of Yuanbao during the 2nd quarter valued at about $370,000. JPMorgan Chase & Co. acquired a new position in shares of Yuanbao in the second quarter worth about $454,000. Finally, WFM ASIA BVI Ltd acquired a new position in shares of Yuanbao in the second quarter worth about $2,020,000.

Yuanbao Company Profile

(Get Free Report)

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.

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