Futu (NASDAQ:FUTU) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Futu (NASDAQ:FUTU) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks.com reports.

Several other brokerages have also issued reports on FUTU. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 target price (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Barclays reduced their target price on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Wall Street Zen lowered Futu from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 target price on shares of Futu in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group lowered Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Futu Stock Up 0.3%

Shares of FUTU opened at $91.31 on Monday. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 1.07 and a beta of 0.40. Futu has a twelve month low of $80.50 and a twelve month high of $202.53. The company has a 50 day moving average of $135.41 and a two-hundred day moving average of $151.28.

Futu (NASDAQ:FUTU) last announced its earnings results on Thursday, May 28th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($2.12). The firm had revenue of $694.17 million during the quarter, compared to analyst estimates of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. On average, sell-side analysts expect that Futu will post 8.95 EPS for the current year.

Futu Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, April 29th. Investors of record on Thursday, April 16th were given a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio is currently 28.05%.

Institutional Trading of Futu

Several large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its stake in Futu by 2.8% during the 4th quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock valued at $403,000 after purchasing an additional 68 shares during the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of Futu by 2.2% in the fourth quarter. Lifestyle Asset Management Inc. now owns 3,420 shares of the company’s stock worth $562,000 after buying an additional 72 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Futu by 3.3% in the fourth quarter. Orion Porfolio Solutions LLC now owns 2,391 shares of the company’s stock worth $393,000 after buying an additional 77 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Futu by 0.9% in the third quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock worth $1,559,000 after buying an additional 83 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of Futu by 5.1% in the fourth quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock worth $281,000 after buying an additional 83 shares during the last quarter.

Trending Headlines about Futu

Here are the key news stories impacting Futu this week:

• Positive Sentiment: Barclays reiterated a Buy rating on Futu Holdings Limited (FUTU), which may help support sentiment despite the broader negative news flow. Futu Holdings (FUTU) Receives a Buy from Barclays
• Neutral Sentiment: Short interest in Futu rose sharply in May, showing that bearish bets increased materially; while not a direct catalyst, it signals growing skepticism and can add volatility.
• Negative Sentiment: Japan’s watchdog reportedly seeks penalties against Futu’s Moomoo unit, adding a fresh regulatory overhang and heightening investor concern about operations in a key market. Japan Watchdog Seeks Penalties Against Futu’s Moomoo Unit
• Negative Sentiment: Multiple law firms, including Rosen, Kirby McInerney, Kahn Swick & Foti, and Schall, announced securities investigations tied to alleged misleading business information, increasing litigation risk for Futu Holdings Limited (FUTU). Futu Investor News: If You Have Suffered Losses in Futu Holdings Limited (NASDAQ: FUTU)…

About Futu

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.