Shares of CooTek (Cayman) Inc. (NYSE:CTK) have received an average broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Brokerages have set a twelve-month consensus price target of $12.50 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CooTek (Cayman) an industry rank of 83 out of 256 based on the ratings given to related companies.
A number of analysts have commented on CTK shares. Citigroup lowered shares of CooTek (Cayman) from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. Zacks Investment Research lowered CooTek (Cayman) from a “hold” rating to a “sell” rating in a research report on Monday, March 18th. Finally, KeyCorp set a $14.00 target price on CooTek (Cayman) and gave the company a “buy” rating in a research report on Thursday, March 7th.
Several large investors have recently bought and sold shares of CTK. Morgan Stanley bought a new position in shares of CooTek (Cayman) during the 3rd quarter valued at about $2,549,000. BlackRock Inc. bought a new position in shares of CooTek (Cayman) during the 4th quarter valued at about $61,000. Bank of America Corp DE bought a new position in shares of CooTek (Cayman) during the 4th quarter valued at about $179,000. Finally, Advisor Group Inc. bought a new position in shares of CooTek (Cayman) during the 1st quarter valued at about $73,000. 1.69% of the stock is currently owned by hedge funds and other institutional investors.
CTK stock traded up $0.23 during mid-day trading on Tuesday, reaching $9.24. 1,068 shares of the stock traded hands, compared to its average volume of 101,691. CooTek has a 52-week low of $5.40 and a 52-week high of $13.30.
CooTek (Cayman) (NYSE:CTK) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $47.05 million for the quarter, compared to analysts’ expectations of $46.10 million. Sell-side analysts predict that CooTek will post 0.37 EPS for the current year.
About CooTek (Cayman)
CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.
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