ValuEngine Lowers Jianpu Technology (JT) to Hold

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ValuEngine cut shares of Jianpu Technology (NYSE:JT) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Separately, Zacks Investment Research cut Jianpu Technology from a hold rating to a sell rating in a research report on Tuesday, October 30th.

Shares of JT stock opened at $4.98 on Wednesday. The company has a market cap of $840.09 million, a PE ratio of -21.65 and a beta of 0.78. Jianpu Technology has a 1-year low of $3.49 and a 1-year high of $9.49.

Jianpu Technology (NYSE:JT) last announced its earnings results on Monday, November 19th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $64.61 million for the quarter. Jianpu Technology had a negative return on equity of 19.36% and a negative net margin of 16.81%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in shares of Jianpu Technology during the second quarter worth approximately $156,000. Wells Fargo & Company MN grew its holdings in Jianpu Technology by 1.9% in the 3rd quarter. Wells Fargo & Company MN now owns 6,941,275 shares of the company’s stock valued at $33,942,000 after buying an additional 132,282 shares in the last quarter. Krane Funds Advisors LLC grew its holdings in Jianpu Technology by 27.2% in the 3rd quarter. Krane Funds Advisors LLC now owns 269,573 shares of the company’s stock valued at $1,318,000 after buying an additional 57,661 shares in the last quarter. AXA grew its holdings in Jianpu Technology by 23.9% in the 3rd quarter. AXA now owns 234,034 shares of the company’s stock valued at $1,144,000 after buying an additional 45,169 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Jianpu Technology in the 2nd quarter valued at $101,000. Hedge funds and other institutional investors own 11.53% of the company’s stock.

Jianpu Technology Company Profile

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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