Shares of Jianpu Technology Inc – (NYSE:JT) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12 month consensus price target of $7.60 for the company, according to Zacks. Zacks has also given Jianpu Technology an industry rank of 155 out of 256 based on the ratings given to related companies.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Jianpu Technology from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Tuesday. ValuEngine upgraded shares of Jianpu Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Goldman Sachs Group cut shares of Jianpu Technology from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 26th. Finally, TheStreet cut shares of Jianpu Technology from a “c-” rating to a “d+” rating in a research report on Monday, July 22nd.
JT stock traded down $0.25 during trading on Wednesday, reaching $3.30. 14,876 shares of the stock were exchanged, compared to its average volume of 378,064. The stock has a 50 day simple moving average of $3.76. Jianpu Technology has a 1 year low of $3.43 and a 1 year high of $7.97. The stock has a market cap of $614.94 million, a price-to-earnings ratio of -23.86 and a beta of 1.40.
Jianpu Technology (NYSE:JT) last issued its earnings results on Tuesday, May 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Jianpu Technology had a negative net margin of 3.95% and a negative return on equity of 5.41%. The company had revenue of $97.58 million for the quarter, compared to the consensus estimate of $90.04 million. Equities analysts expect that Jianpu Technology will post 0.09 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Hamilton Lane Advisors LLC acquired a new stake in shares of Jianpu Technology during the first quarter valued at about $529,000. Wells Fargo & Company MN grew its holdings in shares of Jianpu Technology by 1.7% in the first quarter. Wells Fargo & Company MN now owns 7,451,711 shares of the company’s stock valued at $37,334,000 after purchasing an additional 128,100 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Jianpu Technology by 4.1% in the first quarter. Baillie Gifford & Co. now owns 3,871,919 shares of the company’s stock valued at $19,398,000 after purchasing an additional 152,199 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of Jianpu Technology in the second quarter valued at approximately $71,000. Finally, BlackRock Inc. grew its holdings in shares of Jianpu Technology by 800.6% in the second quarter. BlackRock Inc. now owns 492,388 shares of the company’s stock valued at $1,841,000 after purchasing an additional 437,712 shares in the last quarter. Institutional investors and hedge funds own 16.65% of the company’s stock.
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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