Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) shares gapped up prior to trading on Friday. The stock had previously closed at $11.30, but opened at $11.74. Yuanbao shares last traded at $11.7350, with a volume of 1,635 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Yuanbao has a consensus rating of “Reduce” and a consensus price target of $21.80.
View Our Latest Stock Report on Yuanbao
Yuanbao Price Performance
The firm has a market cap of $517.52 million, a price-to-earnings ratio of 2.55 and a beta of 0.56. The firm has a fifty day simple moving average of $12.76 and a two-hundred day simple moving average of $14.30.
Yuanbao (NASDAQ:YB – Get Free Report) last released its quarterly earnings data on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%. The business had revenue of $204.92 million during the quarter.
Institutional Trading of Yuanbao
An institutional investor recently bought a new position in Yuanbao stock. Royal Bank of Canada acquired a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,079 shares of the company’s stock, valued at approximately $72,000.
About Yuanbao
Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.
Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.
The company primarily serves customers in China through online platforms and mobile applications.
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