Yuanbao (NASDAQ:YB) Stock Price Up 3.1% – Still a Buy?

by · The Markets Daily

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s share price traded up 3.1% on Thursday . The company traded as high as $14.00 and last traded at $13.8550. Approximately 19,280 shares traded hands during trading, a decline of 54% from the average daily volume of 41,592 shares. The stock had previously closed at $13.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Yuanbao currently has a consensus rating of “Hold” and a consensus price target of $21.80.

View Our Latest Stock Report on Yuanbao

Yuanbao Trading Up 3.2%

The stock has a fifty day simple moving average of $13.85 and a two-hundred day simple moving average of $15.78. The company has a market cap of $625.03 million, a PE ratio of 3.35 and a beta of 0.44.

Yuanbao (NASDAQ:YB – Get Free Report) last issued its earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. Yuanbao had a return on equity of 44.37% and a net margin of 29.67%.The business had revenue of $204.92 million during the quarter.

Institutional Investors Weigh In On Yuanbao

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada purchased a new stake in Yuanbao during the first quarter worth $72,000. Ramsey Quantitative Systems acquired a new position in shares of Yuanbao in the second quarter valued at approximately $160,000. Federated Hermes Inc. acquired a new position in shares of Yuanbao in the second quarter valued at approximately $370,000. JPMorgan Chase & Co. purchased a new position in shares of Yuanbao during the second quarter valued at approximately $454,000. Finally, Barclays PLC lifted its stake in shares of Yuanbao by 68.7% during the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after buying an additional 17,105 shares during the period.

About Yuanbao

(Get Free Report)

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.

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