Fundamental Research Reiterates $4.96 Price Target for Zepp Health (NYSE:ZEPP)

Fundamental Research set a $4.96 price target on Zepp Health (NYSE:ZEPP) in a research report report published on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Zepp Health Stock Down 1.9 %

ZEPP stock opened at $1.01 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.04. The company has a market capitalization of $61.95 million, a price-to-earnings ratio of -2.06 and a beta of 0.81. The business’s 50 day moving average price is $1.22 and its two-hundred day moving average price is $1.26. Zepp Health has a fifty-two week low of $0.90 and a fifty-two week high of $2.10.

Institutional Trading of Zepp Health

A number of hedge funds and other institutional investors have recently modified their holdings of ZEPP. Sei Investments Co. purchased a new position in Zepp Health in the second quarter worth about $664,000. Jane Street Group LLC bought a new position in shares of Zepp Health during the 2nd quarter worth $178,000. Renaissance Technologies LLC raised its stake in Zepp Health by 185.8% in the second quarter. Renaissance Technologies LLC now owns 106,300 shares of the company’s stock worth $197,000 after buying an additional 69,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Zepp Health by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 189,774 shares of the company’s stock worth $547,000 after purchasing an additional 37,952 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Zepp Health by 791.3% during the third quarter. Rhumbline Advisers now owns 30,215 shares of the company’s stock worth $35,000 after purchasing an additional 26,825 shares in the last quarter. 52.61% of the stock is owned by hedge funds and other institutional investors.

Zepp Health Company Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura. The company through its proprietary Zepp Digital Management Platform, which includes the Zepp OS, AI chips, biometric sensors, and data algorithms, delivers cloud-based 24/7 actionable insights and guidance to help users attain wellness goals.