Dada Nexus Limited (NASDAQ:DADA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Dada Nexus Limited (NASDAQ:DADA) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $3.35.

Several equities research analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of Dada Nexus from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Daiwa America upgraded shares of Dada Nexus to a “hold” rating in a research note on Thursday, August 22nd. Daiwa Capital Markets assumed coverage on shares of Dada Nexus in a research note on Thursday, August 22nd. They issued a “neutral” rating on the stock. Finally, Citigroup upgraded shares of Dada Nexus from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $1.00 to $1.50 in a research note on Wednesday, August 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Dada Nexus in the first quarter valued at about $28,000. Jump Financial LLC bought a new position in shares of Dada Nexus in the fourth quarter valued at about $42,000. Natixis bought a new position in shares of Dada Nexus in the first quarter valued at about $51,000. Headlands Technologies LLC raised its holdings in shares of Dada Nexus by 615.5% in the first quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after buying an additional 34,963 shares during the last quarter. Finally, Fore Capital LLC bought a new position in shares of Dada Nexus in the first quarter valued at about $92,000. 59.25% of the stock is owned by institutional investors.

Dada Nexus Stock Up 2.9 %

Shares of DADA stock opened at $1.07 on Friday. Dada Nexus has a 12 month low of $1.04 and a 12 month high of $4.98. The business’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.69. The company has a market cap of $283.06 million, a PE ratio of -0.84 and a beta of 1.33.

Dada Nexus (NASDAQ:DADA) last announced its quarterly earnings results on Tuesday, August 20th. The company reported ($0.09) EPS for the quarter. Dada Nexus had a negative net margin of 19.81% and a negative return on equity of 10.94%. The company had revenue of $324.54 million for the quarter.

Dada Nexus Company Profile

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.