Dada Nexus Limited (NASDAQ:DADA – Get Free Report) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.66.
Several research firms recently commented on DADA. The Goldman Sachs Group initiated coverage on shares of Dada Nexus in a report on Thursday, April 25th. They set a “neutral” rating and a $2.10 target price on the stock. Mizuho reduced their price objective on Dada Nexus from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. New Street Research reissued a “neutral” rating and issued a $2.00 target price (down previously from $15.00) on shares of Dada Nexus in a research note on Wednesday, March 6th. Daiwa Capital Markets lowered Dada Nexus from a “buy” rating to a “neutral” rating in a research report on Thursday, May 16th. Finally, Daiwa America cut Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 16th.
View Our Latest Research Report on DADA
Hedge Funds Weigh In On Dada Nexus
Dada Nexus Stock Performance
Shares of NASDAQ DADA opened at $1.52 on Monday. The stock has a fifty day moving average of $1.71 and a 200-day moving average of $2.04. The stock has a market cap of $402.10 million, a PE ratio of -1.19 and a beta of 1.35. Dada Nexus has a fifty-two week low of $1.26 and a fifty-two week high of $6.83.
Dada Nexus (NASDAQ:DADA – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). The business had revenue of $342.43 million for the quarter, compared to analysts’ expectations of $427.89 million. Dada Nexus had a negative return on equity of 14.73% and a negative net margin of 22.77%. On average, sell-side analysts predict that Dada Nexus will post 0.22 EPS for the current year.
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 platforms for consumers, retailers, and brand owners.
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