Zacks: Sunlands Online Education Group – (STG) Given $10.51 Consensus Target Price by Analysts

Shares of Sunlands Online Education Group – (NYSE:STG) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $10.51 for the company, according to Zacks. Zacks has also given Sunlands Online Education Group an industry rank of 166 out of 255 based on the ratings given to its competitors.

STG has been the subject of a number of research reports. Goldman Sachs Group downgraded Sunlands Online Education Group from a “buy” rating to a “neutral” rating in a research report on Monday, January 28th. ValuEngine upgraded Sunlands Online Education Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Sunlands Online Education Group in a research report on Tuesday, February 19th.

STG traded down $0.04 during midday trading on Wednesday, reaching $3.38. The company’s stock had a trading volume of 13,544 shares, compared to its average volume of 38,093. The firm has a market capitalization of $365.78 million and a P/E ratio of -3.93. Sunlands Online Education Group has a twelve month low of $2.25 and a twelve month high of $11.40.

Sunlands Online Education Group (NYSE:STG) last announced its quarterly earnings data on Friday, March 22nd. The company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.06. The firm had revenue of $82.73 million during the quarter. As a group, equities research analysts expect that Sunlands Online Education Group will post -0.09 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in shares of Sunlands Online Education Group by 93.3% during the 4th quarter. Hsbc Holdings PLC now owns 3,445,088 shares of the company’s stock worth $10,473,000 after buying an additional 1,662,589 shares during the period. Castleark Management LLC lifted its position in shares of Sunlands Online Education Group by 155.9% during the 3rd quarter. Castleark Management LLC now owns 198,434 shares of the company’s stock worth $1,201,000 after buying an additional 120,900 shares during the period. Finally, Symmetry Peak Management LLC lifted its position in shares of Sunlands Online Education Group by 118.2% during the 3rd quarter. Symmetry Peak Management LLC now owns 43,641 shares of the company’s stock worth $264,000 after buying an additional 23,641 shares during the period. Institutional investors own 26.33% of the company’s stock.

Sunlands Online Education Group Company Profile

Sunlands Technology Group, through its subsidiaries, provides online education services in the People's Republic of China. The company offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of master of business administration programs.

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