GSX Techedu (NYSE:GSX) Now Covered by Analysts at Goldman Sachs Group

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Research analysts at Goldman Sachs Group initiated coverage on shares of GSX Techedu (NYSE:GSX) in a research report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

GSX has been the topic of a number of other reports. UBS Group began coverage on shares of GSX Techedu in a research note on Thursday, January 16th. They issued a “buy” rating and a $40.00 target price on the stock. Bank of America began coverage on shares of GSX Techedu in a research note on Wednesday, October 9th. They set a “buy” rating and a $22.00 price target on the stock. ValuEngine downgraded shares of GSX Techedu from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Barclays reissued a “buy” rating and set a $20.00 price target on shares of GSX Techedu in a research note on Thursday, November 7th. Finally, Zacks Investment Research downgraded shares of GSX Techedu from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.75.

Shares of GSX opened at $32.91 on Tuesday. The firm’s 50 day simple moving average is $23.16 and its 200 day simple moving average is $16.19. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.10. GSX Techedu has a 1-year low of $8.53 and a 1-year high of $32.97.

GSX Techedu (NYSE:GSX) last announced its earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.08). The company had revenue of $557.00 million for the quarter, compared to analyst estimates of $485.07 million. The company’s quarterly revenue was up 461.5% compared to the same quarter last year. On average, sell-side analysts anticipate that GSX Techedu will post 0.16 EPS for the current year.

Several hedge funds have recently bought and sold shares of GSX. Bank of America Corp DE purchased a new position in shares of GSX Techedu during the second quarter worth approximately $39,540,000. Point72 Hong Kong Ltd purchased a new position in shares of GSX Techedu during the second quarter worth approximately $265,000. UBS Asset Management Americas Inc. purchased a new position in shares of GSX Techedu during the second quarter worth approximately $13,488,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GSX Techedu during the second quarter worth approximately $45,026,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of GSX Techedu during the second quarter worth approximately $5,395,000. 9.94% of the stock is currently owned by hedge funds and other institutional investors.

GSX Techedu Company Profile

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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