Baozun (NASDAQ:BZUN) Stock Lifted to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Baozun (NASDAQ:BZUN) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently commented on BZUN. CLSA raised shares of Baozun from a “hold” rating to an “outperform” rating and boosted their price objective for the company from $3.20 to $3.80 in a research report on Friday, August 28th. Citigroup reissued a “buy” rating on shares of Baozun in a research note on Thursday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baozun in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.80.

Baozun Stock Performance

NASDAQ BZUN opened at $3.31 on Friday. The stock has a market cap of $192.34 million, a price-to-earnings ratio of -10.03 and a beta of 0.39. The business has a 50 day simple moving average of $2.93 and a 200 day simple moving average of $2.76. Baozun has a 52-week low of $2.07 and a 52-week high of $3.82.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Friday, August 14th. The technology company reported $0.19 earnings per share for the quarter. Baozun had a negative net margin of 1.26% and a positive return on equity of 2.55%. The firm had revenue of $403.74 million for the quarter.

Insider Buying and Selling at Baozun

In other Baozun news, insider Junhua Wu purchased 13,900 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $2.73 per share, for a total transaction of $37,947.00. Following the completion of the transaction, the insider owned 281,170 shares in the company, valued at approximately $767,594.10. This represents a 5.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased 63,000 shares of company stock valued at $176,415 in the last three months. 59.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Baozun

An institutional investor recently raised its stake in Baozun stock. Cetera Investment Advisers grew its stake in shares of Baozun Inc. (NASDAQ:BZUN) by 23.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 38,238 shares of the technology company’s stock after acquiring an additional 7,289 shares during the quarter. Cetera Investment Advisers owned about 0.07% of Baozun worth $91,000 as of its most recent SEC filing. 47.29% of the stock is owned by institutional investors.

Baozun Company Profile

Baozun Inc (NASDAQ: BZUN) is a China-based e-commerce service and brand management company. Founded in 2006 and headquartered in Shanghai, the company helps brands establish, operate and grow their online businesses, primarily in China and other selected international markets.

Baozun provides a range of services across the e-commerce value chain, including online store design and operation, digital marketing, customer service, information technology, warehousing and logistics. Its technology and service offerings support sales through major third-party marketplaces, social-commerce platforms and brands’ own online channels.

The company works with domestic and international consumer brands in categories such as apparel, beauty, consumer electronics and food and beverage.