BlackRock Inc. Purchases Shares of 8,570 LAIX Inc. (LAIX)

BlackRock Inc. purchased a new stake in LAIX Inc. (NASDAQ:LAIX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,570 shares of the company’s stock, valued at approximately $65,000.

Separately, Mondrian Capital Management LLC acquired a new position in shares of LAIX in the fourth quarter valued at approximately $758,000.

Separately, Zacks Investment Research cut shares of LAIX from a “hold” rating to a “sell” rating in a report on Friday, April 26th.

Shares of LAIX opened at $10.86 on Tuesday. LAIX Inc. has a 12 month low of $7.01 and a 12 month high of $16.50.

LAIX (NASDAQ:LAIX) last announced its earnings results on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter. The company had revenue of $32.65 million for the quarter.

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LAIX Company Profile

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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