Dada Nexus Limited (NASDAQ:DADA – Get Free Report) 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.
Check Out Our Latest Stock Report on DADA
Dada Nexus Price Performance
Dada Nexus (NASDAQ:DADA – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Dada Nexus
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Palantir Cracks $50, Is There Still Time to Get on Board?
- How to invest in marijuana stocks in 7 steps
- Insider Buying Signals Upside for These 3 Stocks
- What is a Low P/E Ratio and What Does it Tell Investors?
- These 2 Big Players Are Set to Compete With Elon Musk’s Starlink
Receive News & Ratings for Dada Nexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dada Nexus and related companies with MarketBeat.com's FREE daily email newsletter.