Gaotu Techedu Target of Unusually High Options Trading (NYSE:GOTU)

Gaotu Techedu Inc. (NYSE:GOTU) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 8,342 put options on the company. This represents an increase of approximately 380% compared to the typical volume of 1,738 put options.

Analyst Ratings Changes

Separately, Citigroup lowered Gaotu Techedu from a “buy” rating to a “sell” rating in a research report on Tuesday, August 27th.

Institutional Investors Weigh In On Gaotu Techedu

Several large investors have recently modified their holdings of GOTU. Headlands Technologies LLC purchased a new position in shares of Gaotu Techedu during the first quarter worth about $63,000. SG Americas Securities LLC purchased a new stake in shares of Gaotu Techedu during the second quarter worth approximately $75,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gaotu Techedu during the first quarter worth $99,000. Virtu Financial LLC purchased a new position in Gaotu Techedu in the 1st quarter valued at $133,000. Finally, Marshall Wace LLP increased its stake in Gaotu Techedu by 158.2% in the 2nd quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after buying an additional 47,522 shares during the period. 48.42% of the stock is owned by institutional investors and hedge funds.

Gaotu Techedu Trading Down 3.5 %

Shares of NYSE GOTU traded down $0.14 during mid-day trading on Thursday, reaching $3.89. The company had a trading volume of 614,927 shares, compared to its average volume of 3,628,609. The firm has a 50 day simple moving average of $3.71 and a two-hundred day simple moving average of $5.29. Gaotu Techedu has a 52-week low of $2.22 and a 52-week high of $8.44. The stock has a market cap of $1.01 billion, a P/E ratio of -47.25 and a beta of -0.02.

Gaotu Techedu (NYSE:GOTU) last posted its earnings results on Tuesday, August 27th. The company reported ($0.23) EPS for the quarter. Gaotu Techedu had a negative return on equity of 20.26% and a negative net margin of 17.63%. The firm had revenue of $138.95 million for the quarter.

About Gaotu Techedu

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.