Yuanbao Inc. – Sponsored ADR’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:YB)

Yuanbao’s (NASDAQ:YB) lock-up period is set to expire on Monday, October 27th. Yuanbao had issued 2,000,000 shares in its public offering on April 30th. The total size of the offering was $30,000,000 based on an initial share price of $15.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Yuanbao in a research report on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Yuanbao Stock Performance

YB opened at $23.53 on Friday. The stock has a market capitalization of $1.06 billion and a P/E ratio of 13.15. The business has a 50-day moving average of $23.06. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00.

Yuanbao (NASDAQ:YB) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.90 EPS for the quarter. The company had revenue of $149.36 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. WFM ASIA BVI Ltd purchased a new position in shares of Yuanbao in the second quarter worth about $2,020,000. JPMorgan Chase & Co. purchased a new position in Yuanbao during the 2nd quarter valued at about $454,000. Finally, Federated Hermes Inc. purchased a new position in Yuanbao during the 2nd quarter valued at about $370,000.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.