Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s share price fell 4.7% during trading on Tuesday. The company traded as low as $11.52 and last traded at $11.5270. 658 shares were traded during trading, a decline of 98% from the average daily volume of 42,355 shares. The stock had previously closed at $12.10.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $21.80.
Check Out Our Latest Report on YB
Yuanbao Trading Down 2.4%
Yuanbao (NASDAQ:YB – Get Free Report) last posted its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The company had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.
Institutional Trading of Yuanbao
A hedge fund recently bought a new stake in Yuanbao stock. Ramsey Quantitative Systems purchased a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao comprises approximately 0.1% of Ramsey Quantitative Systems’ holdings, making the stock its 26th biggest position.
Yuanbao Company Profile
Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.
Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.
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