Shares of Jianpu Technology Inc – (NYSE:JT) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a 1 year consensus price objective of $7.60 for the company, according to Zacks. Zacks has also assigned Jianpu Technology an industry rank of 110 out of 256 based on the ratings given to related companies.
A number of analysts recently weighed in on JT shares. Zacks Investment Research raised shares of Zurich Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, May 18th. Goldman Sachs Group started coverage on shares of Tricida in a report on Wednesday, June 26th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
Shares of NYSE:JT traded up $0.08 on Friday, reaching $4.03. 332,252 shares of the company’s stock were exchanged, compared to its average volume of 362,525. Jianpu Technology has a fifty-two week low of $3.49 and a fifty-two week high of $7.97. The business has a 50-day simple moving average of $4.12. The company has a market cap of $663.67 million, a price-to-earnings ratio of -28.79 and a beta of 1.41.
Jianpu Technology (NYSE:JT) last released its quarterly earnings data on Tuesday, May 28th. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. Jianpu Technology had a negative net margin of 3.95% and a negative return on equity of 5.41%. The business had revenue of $97.58 million for the quarter, compared to analysts’ expectations of $90.04 million. Sell-side analysts forecast that Jianpu Technology will post 0.09 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in JT. Baillie Gifford & Co. increased its stake in Jianpu Technology by 96.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,719,720 shares of the company’s stock valued at $15,511,000 after buying an additional 1,822,264 shares during the period. Yiheng Capital LLC increased its stake in Jianpu Technology by 31.7% during the 4th quarter. Yiheng Capital LLC now owns 6,058,598 shares of the company’s stock valued at $25,264,000 after buying an additional 1,459,629 shares during the period. Wells Fargo & Company MN increased its stake in Jianpu Technology by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 7,451,711 shares of the company’s stock valued at $37,334,000 after buying an additional 128,100 shares during the period. Hamilton Lane Advisors LLC acquired a new position in Jianpu Technology during the 1st quarter valued at about $529,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Jianpu Technology during the 1st quarter valued at about $40,000. 16.65% of the stock is currently owned by hedge funds and other institutional investors.
Jianpu Technology Company Profile
Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.
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