Zacks: Jianpu Technology Inc – (JT) Receives Average Rating of “Hold” from Analysts

Shares of Jianpu Technology Inc – (NYSE:JT) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus price objective of $5.83 for the company and are predicting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Jianpu Technology an industry rank of 182 out of 257 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Jianpu Technology from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Yiheng Capital LLC increased its stake in Jianpu Technology by 42.3% during the second quarter. Yiheng Capital LLC now owns 4,117,708 shares of the company’s stock worth $27,218,000 after purchasing an additional 1,223,801 shares during the period. Baillie Gifford & Co. increased its stake in shares of Jianpu Technology by 87.0% during the second quarter. Baillie Gifford & Co. now owns 1,897,456 shares of the company’s stock worth $12,542,000 after buying an additional 882,614 shares during the period. Wells Fargo & Company MN increased its stake in shares of Jianpu Technology by 11.9% during the second quarter. Wells Fargo & Company MN now owns 6,808,993 shares of the company’s stock worth $45,007,000 after buying an additional 724,493 shares during the period. Krane Funds Advisors LLC purchased a new stake in shares of Jianpu Technology during the second quarter worth approximately $1,401,000. Finally, AXA increased its stake in shares of Jianpu Technology by 23.9% during the third quarter. AXA now owns 234,034 shares of the company’s stock worth $1,144,000 after buying an additional 45,169 shares during the period. Hedge funds and other institutional investors own 12.43% of the company’s stock.

NYSE JT traded down $0.08 on Friday, hitting $5.93. The stock had a trading volume of 1,628 shares, compared to its average volume of 133,519. Jianpu Technology has a 52-week low of $4.01 and a 52-week high of $9.49. The stock has a market capitalization of $949.58 million and a PE ratio of -26.13.

Jianpu Technology (NYSE:JT) last posted its earnings results on Monday, August 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Jianpu Technology had a negative net margin of 14.56% and a negative return on equity of 22.66%. The business had revenue of $74.10 million for the quarter. On average, analysts forecast that Jianpu Technology will post -0.08 EPS for the current fiscal year.

About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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