GSX Techedu (NYSE:GSX) Shares Gap Down to $44.09

GSX Techedu Inc. (NYSE:GSX) shares gapped down before the market opened on Wednesday . The stock had previously closed at $46.14, but opened at $44.09. GSX Techedu shares last traded at $43.50, with a volume of 4,450,407 shares traded.

Several brokerages have recently issued reports on GSX. 86 Research cut shares of GSX Techedu from a “hold” rating to a “sell” rating in a research report on Wednesday, February 12th. ValuEngine raised shares of GSX Techedu from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Goldman Sachs Group began coverage on shares of GSX Techedu in a research report on Tuesday, January 21st. They set a “buy” rating and a $45.00 price target on the stock. UBS Group began coverage on shares of GSX Techedu in a research report on Thursday, January 16th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Citigroup began coverage on shares of GSX Techedu in a research report on Monday, February 3rd. They set a “buy” rating and a $42.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $39.33.

The company’s fifty day moving average is $34.74 and its two-hundred day moving average is $20.84. The stock has a market cap of $10.68 billion and a price-to-earnings ratio of 334.62. The company has a quick ratio of 1.23, a current ratio of 1.10 and a debt-to-equity ratio of 0.12.

GSX Techedu (NYSE:GSX) last issued its earnings results on Tuesday, February 18th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.17. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $849.32 million. GSX Techedu had a net margin of 11.62% and a return on equity of 23.56%. The business’s revenue for the quarter was up 412.9% on a year-over-year basis. Sell-side analysts predict that GSX Techedu Inc. will post 0.4 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of GSX. State of New Jersey Common Pension Fund D acquired a new stake in GSX Techedu in the third quarter valued at approximately $1,218,000. Barclays PLC acquired a new stake in GSX Techedu during the third quarter worth approximately $73,000. Exane Derivatives acquired a new stake in GSX Techedu during the fourth quarter worth approximately $517,000. California Public Employees Retirement System acquired a new stake in GSX Techedu during the fourth quarter worth approximately $2,126,000. Finally, Daiwa Securities Group Inc. acquired a new stake in GSX Techedu during the fourth quarter worth approximately $768,000. 19.49% of the stock is currently owned by hedge funds and other institutional investors.

GSX Techedu Company Profile (NYSE:GSX)

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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