Gaotu Techedu (NYSE:GOTU) Stock Rating Lowered by Zacks Investment Research

Gaotu Techedu (NYSE:GOTU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “GSX Techedu Inc. is a technology-driven education company. It offers K-12 courses covering all primary and secondary grades as well as foreign language, professional and interest courses. GSX Techedu Inc. is based in Beijing, China. “

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Gaotu Techedu from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $37.00 to $3.50 in a report on Friday, July 23rd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $2.60 target price (down from $20.00) on shares of Gaotu Techedu in a report on Monday, July 26th. cut Gaotu Techedu from a “neutral” rating to a “sell” rating and set a $12.00 price target on the stock. in a research note on Friday, June 11th. CLSA cut Gaotu Techedu from an “underperform” rating to a “sell” rating and dropped their price target for the stock from $19.00 to $2.70 in a research note on Monday, July 26th. Finally, Citigroup cut Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Friday, June 11th. Six investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, Gaotu Techedu presently has a consensus rating of “Sell” and a consensus target price of $8.80.

NYSE:GOTU traded up $0.05 during mid-day trading on Monday, reaching $3.15. 7,057,218 shares of the stock were exchanged, compared to its average volume of 11,438,627. The business’s fifty day moving average price is $3.35. The company has a market cap of $802.92 million, a price-to-earnings ratio of -1.33 and a beta of -1.29. Gaotu Techedu has a 1-year low of $2.25 and a 1-year high of $149.05.

About Gaotu Techedu

Gaotu Techedu, Inc is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China. The company’s K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses.

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