Dada Nexus Limited (NASDAQ:DADA) Receives $3.12 Average Target Price from Analysts

Dada Nexus Limited (NASDAQ:DADA) has received an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.12.

Several research analysts have commented on the stock. Citigroup raised shares of Dada Nexus from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1.00 to $1.50 in a report on Wednesday, August 21st. Daiwa America raised shares of Dada Nexus to a “hold” rating in a report on Thursday, August 22nd. Finally, Daiwa Capital Markets assumed coverage on shares of Dada Nexus in a report on Thursday, August 22nd. They set a “neutral” rating for the company.

Dada Nexus Price Performance

NASDAQ:DADA opened at $1.77 on Friday. The firm has a market capitalization of $459.85 million, a price-to-earnings ratio of -1.62 and a beta of 1.39. Dada Nexus has a one year low of $1.04 and a one year high of $4.55. The business has a fifty day moving average price of $1.54 and a 200-day moving average price of $1.56.

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

Institutional Investors Weigh In On Dada Nexus

Several institutional investors have recently bought and sold shares of the company. Fore Capital LLC acquired a new position in Dada Nexus during the first quarter valued at $92,000. Headlands Technologies LLC grew its stake in Dada Nexus by 615.5% during the 1st quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after acquiring an additional 34,963 shares in the last quarter. Vanguard Group Inc. grew its stake in Dada Nexus by 25.0% during the 1st quarter. Vanguard Group Inc. now owns 3,427,799 shares of the company’s stock valued at $7,027,000 after acquiring an additional 686,316 shares in the last quarter. Natixis acquired a new position in Dada Nexus in the 1st quarter valued at about $51,000. Finally, EntryPoint Capital LLC boosted its holdings in Dada Nexus by 69.6% in the 1st quarter. EntryPoint Capital LLC now owns 55,899 shares of the company’s stock valued at $115,000 after purchasing an additional 22,936 shares during the last quarter. 59.25% of the stock is currently owned by institutional investors and hedge funds.

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.