Pinduoduo Inc. (NASDAQ:PDD) Receives Average Analyst Rating of “Hold”
Shares of Pinduoduo inc. (NASDAQ:PDD – Get a rating) received an average recommendation of “Hold” from the sixteen research companies that currently cover the title, Market assessments reports. Two equity research analysts rated the stock with a sell recommendation, three assigned a hold recommendation and seven issued a buy recommendation on the company. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $89.92.
A number of stock analysts have recently released reports on PDD stocks. TheStreet upgraded Pinduoduo from a “c-” to a “d+” rating in a Monday, March 14 report. CLSA lowered its target price on Pinduoduo from $100.00 to $81.00 in a Tuesday, March 22 report. JPMorgan Chase & Co. downgraded Pinduoduo from an “overweight” to an “underweight” rating and lowered its share price target from $105.00 to $23.00 in a Monday report March 14. UBS Group upgraded Pinduoduo from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 23. Finally, Nomura downgraded Pinduoduo from a “buy” rating to a “neutral” rating and lowered its share price target from $95.00 to $48.00 in a Tuesday, March 22 research report .
PDD traded down $0.38 during Monday trading hours, hitting $42.22. The company’s stock had a trading volume of 15,195,693 shares, compared to an average trading volume of 16,161,446 shares. Pinduoduo has a fifty-two week low of $23.21 and a fifty-two week high of $144.35. The company has a current ratio of 1.72, a quick ratio of 1.82 and a debt ratio of 0.16. The company has a market capitalization of $52.30 billion, a PE ratio of 51.49 and a beta of 1.32. The company has a 50-day simple moving average of $47.72 and a 200-day simple moving average of $64.84.
Pinduo duo (NASDAQ:PDD – Get a rating) last released its quarterly results on Monday, March 21. The company reported earnings per share (EPS) of $5.88 for the quarter, beating the consensus estimate of $0.20 by $5.68. Pinduoduo had a return on equity of 15.76% and a net margin of 8.40%. During the same quarter of the previous year, the company posted EPS ($0.17). Research analysts expect Pinduoduo to post earnings per share of 1.31 for the current financial year.
Several institutional investors have recently bought and sold shares of PDD. Captrust Financial Advisors acquired a new position in Pinduoduo in Q3 worth approximately $28,000. Lindbrook Capital LLC increased its stake in Pinduoduo by 45.4% in Q3. Lindbrook Capital LLC now owns 458 shares of the company valued at $42,000 after acquiring 143 additional shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in Pinduoduo by 25.3% in the 4th quarter. Kistler Tiffany Companies LLC now owns 940 shares of the company valued at $55,000 after acquiring an additional 190 shares in the last quarter. ICICI Prudential Asset Management Co Ltd acquired a new position in Pinduoduo in Q4 worth around $60,000. Finally, Loomis Sayles & Co. LP increased its stake in Pinduoduo by 65.9% in the 4th quarter. Loomis Sayles & Co. LP now owns 1,037 shares of the company valued at $60,000 after acquiring 412 additional shares last quarter. Institutional investors and hedge funds hold 21.18% of the company’s shares.
Pinduoduo Company Profile (Get a rating)
Pinduoduo Inc, through its subsidiaries, operates an e-commerce platform in the People’s Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including clothing, footwear, bags, mother and child products, food and beverages, fresh produce, electronics, furniture and household items, cosmetics and other personal care items, sporting and fitness items, and automotive accessories.
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