Dada Nexus Limited (NASDAQ:DADA – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.23, but opened at $4.45. Dada Nexus shares last traded at $4.35, with a volume of 74,114 shares traded.
Analyst Ratings Changes
Several equities research analysts have weighed in on DADA shares. Daiwa Capital Markets downgraded shares of Dada Nexus from a “buy” rating to a “hold” rating and set a $10.73 target price for the company. in a research note on Monday, July 24th. Mizuho decreased their price objective on Dada Nexus from $13.00 to $10.00 in a report on Wednesday, August 9th.
Get Our Latest Stock Analysis on Dada Nexus
Dada Nexus Stock Performance
Dada Nexus (NASDAQ:DADA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 15th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.18). The firm had revenue of $325.56 million for the quarter, compared to analyst estimates of $418.25 million. Dada Nexus had a negative return on equity of 17.40% and a negative net margin of 17.68%. On average, analysts expect that Dada Nexus Limited will post -0.1 EPS for the current fiscal year.
Institutional Trading of Dada Nexus
Institutional investors and hedge funds have recently bought and sold shares of the business. Kaizen Capital Partners Ltd purchased a new position in shares of Dada Nexus during the fourth quarter worth $46,632,000. Baillie Gifford & Co. raised its stake in shares of Dada Nexus by 56.7% during the 4th quarter. Baillie Gifford & Co. now owns 7,123,218 shares of the company’s stock valued at $49,649,000 after buying an additional 2,577,245 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Dada Nexus in the 1st quarter valued at about $8,113,000. TT International Asset Management LTD boosted its stake in shares of Dada Nexus by 95.8% in the second quarter. TT International Asset Management LTD now owns 1,792,001 shares of the company’s stock worth $9,515,000 after buying an additional 876,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Dada Nexus by 6,289.9% in the first quarter. The Manufacturers Life Insurance Company now owns 664,546 shares of the company’s stock worth $6,362,000 after buying an additional 654,146 shares during the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.
About Dada Nexus
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platform for consumers, retailers, and brand owner.
Read More
- Five stocks we like better than Dada Nexus
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 3 Reasons This Sleeping Giant Is About To Wake Up
- How to Invest in Cybersecurity
- MarketBeat Week in Review – 9/18 – 9/22
- The Significance of Brokerage Rankings in Stock Selection
- 52-week Low Names To Tip The Upside Scale In Your Favor
Receive News & Ratings for Dada Nexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dada Nexus and related companies with MarketBeat.com's FREE daily email newsletter.
