Yuanbao’s (NASDAQ:YB – Get 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
Yuanbao (NASDAQ:YB – Get 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
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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