Full Truck Alliance (NYSE:YMM) Now Covered by Analysts at Nomura

Equities research analysts at Nomura assumed coverage on shares of Full Truck Alliance (NYSE:YMM) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Several other research firms have also recently issued reports on YMM. Bank of America started coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price on the stock. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a research note on Wednesday, April 1st. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Finally, Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.76.

Full Truck Alliance Price Performance

NYSE YMM opened at $8.46 on Friday. Full Truck Alliance has a 1 year low of $8.04 and a 1 year high of $14.07. The stock has a market capitalization of $8.82 billion, a PE ratio of 14.83, a P/E/G ratio of 0.77 and a beta of 0.30. The company’s 50 day simple moving average is $8.63 and its two-hundred day simple moving average is $9.55.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The business had revenue of $456.32 million for the quarter. On average, research analysts anticipate that Full Truck Alliance will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Full Truck Alliance

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC bought a new position in shares of Full Truck Alliance during the 1st quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance during the 4th quarter valued at $39,000. Banque de Luxembourg S.A. bought a new position in shares of Full Truck Alliance during the 4th quarter valued at $44,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.