GSX Techedu (NYSE:GSX) Rating Reiterated by Barclays

GSX Techedu (NYSE:GSX)‘s stock had its “buy” rating restated by Barclays in a research note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $20.00 price target on the stock. Barclays‘s target price indicates a potential upside of 30.63% from the company’s current price.

Separately, Bank of America assumed coverage on shares of GSX Techedu in a research note on Wednesday, October 9th. They issued a “buy” rating and a $22.00 price target on the stock.

GSX Techedu stock traded up $0.37 during trading hours on Thursday, reaching $15.31. 427,485 shares of the stock were exchanged, compared to its average volume of 995,564. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. GSX Techedu has a twelve month low of $8.53 and a twelve month high of $17.54. The stock has a 50 day moving average price of $14.80.

GSX Techedu (NYSE:GSX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.08). The firm had revenue of $557.00 million for the quarter, compared to the consensus estimate of $485.07 million. The business’s quarterly revenue was up 461.5% compared to the same quarter last year. On average, sell-side analysts expect that GSX Techedu will post 0.4 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of GSX. Point72 Hong Kong Ltd bought a new position in GSX Techedu in the 2nd quarter valued at approximately $265,000. Allianz Asset Management GmbH bought a new position in GSX Techedu in the 2nd quarter valued at approximately $1,080,000. Monashee Investment Management LLC bought a new position in GSX Techedu in the 2nd quarter valued at approximately $1,117,000. State of New Jersey Common Pension Fund D bought a new position in GSX Techedu in the 3rd quarter valued at approximately $1,218,000. Finally, William Blair Investment Management LLC bought a new position in GSX Techedu in the 2nd quarter valued at approximately $3,745,000. Institutional investors and hedge funds own 6.68% of the company’s stock.

GSX Techedu Company Profile

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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