Brokerages Set $11.50 Price Target for LAIX Inc. (NYSE:LAIX)

LAIX Inc. (NYSE:LAIX) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a one year consensus price target of $11.50 for the company, according to Zacks. Zacks has also assigned LAIX an industry rank of 99 out of 255 based on the ratings given to its competitors.

Separately, Goldman Sachs Group downgraded shares of LAIX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $6.50 in a report on Friday, September 6th.

Shares of NYSE:LAIX traded down $0.17 during midday trading on Monday, hitting $3.27. The stock had a trading volume of 126,500 shares, compared to its average volume of 50,965. The stock has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $7.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.49. LAIX has a 1 year low of $3.06 and a 1 year high of $14.10.

LAIX (NYSE:LAIX) last issued its earnings results on Tuesday, August 27th. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.19) by $1.93. The business had revenue of $40.27 million for the quarter. LAIX had a negative net margin of 49.16% and a negative return on equity of 303.35%.

An institutional investor recently bought a new position in LAIX stock. Segantii Capital Management Ltd acquired a new position in shares of LAIX Inc. (NYSE:LAIX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 799,884 shares of the company’s stock, valued at approximately $3,440,000. Segantii Capital Management Ltd owned approximately 1.67% of LAIX at the end of the most recent quarter. 13.90% of the stock is owned by institutional investors and hedge funds.

LAIX Company Profile

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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