TAL Education Group (NYSE:TAL) Shares Gap Up – Here’s What Happened

TAL Education Group (NYSE:TAL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.21, but opened at $10.67. TAL Education Group shares last traded at $10.27, with a volume of 1,876,527 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TAL shares. Citigroup dropped their price target on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a research report on Monday, August 5th. StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, TAL Education Group presently has an average rating of “Moderate Buy” and an average price target of $13.73.

TAL Education Group Price Performance

The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 137.52 and a beta of 0.04. The firm’s 50 day moving average price is $9.32 and its 200-day moving average price is $10.53.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The company had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. Analysts expect that TAL Education Group will post 0.1 EPS for the current year.

Institutional Trading of TAL Education Group

A number of hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of TAL Education Group by 1,375.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after purchasing an additional 2,173 shares in the last quarter. Blue Trust Inc. boosted its position in shares of TAL Education Group by 569.8% during the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after acquiring an additional 2,792 shares in the last quarter. Shell Asset Management Co. increased its stake in TAL Education Group by 328.8% in the first quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock valued at $178,000 after acquiring an additional 12,017 shares during the period. Sequoia Financial Advisors LLC raised its position in TAL Education Group by 17.3% in the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock worth $182,000 after purchasing an additional 2,267 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in TAL Education Group by 30.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock worth $202,000 after purchasing an additional 4,177 shares during the period. Institutional investors own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.