So-Young International (NASDAQ:SY) Stock Price Up 4.5% – Here’s Why

by · The Cerbat Gem

So-Young International Inc. Sponsored ADR (NASDAQ:SY – Get Free Report) traded up 4.5% during trading on Monday . The company traded as high as $2.80 and last traded at $2.76. 385,583 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 522,252 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

Several brokerages recently issued reports on SY. Wall Street Zen raised shares of So-Young International from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “sell (d)” rating on shares of So-Young International in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.50.

View Our Latest Research Report on So-Young International

So-Young International Stock Up 4.5%

The company’s 50-day moving average is $3.10 and its 200-day moving average is $3.89. The stock has a market capitalization of $278.35 million, a price-to-earnings ratio of -2.79 and a beta of 2.04.

So-Young International (NASDAQ:SY – Get Free Report) last posted its quarterly earnings results on Monday, November 17th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.24. The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $386.64 million. So-Young International had a negative net margin of 51.26% and a negative return on equity of 10.07%.

Institutional Investors Weigh In On So-Young International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SY. Dimensional Fund Advisors LP purchased a new position in shares of So-Young International during the 3rd quarter worth $63,000. Jane Street Group LLC raised its holdings in So-Young International by 264.2% in the 1st quarter. Jane Street Group LLC now owns 36,419 shares of the company’s stock valued at $30,000 after buying an additional 26,419 shares during the period. Millennium Management LLC acquired a new position in So-Young International in the third quarter valued at about $123,000. XTX Topco Ltd purchased a new position in So-Young International during the second quarter worth about $113,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of So-Young International during the third quarter valued at about $145,000. Hedge funds and other institutional investors own 35.31% of the company’s stock.

So-Young International Company Profile

(Get Free Report)

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.

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