Insider Selling: Scienjoy (NASDAQ:SJ) Director Sells 10,000 Shares of Stock

Scienjoy Holding Corporation (NASDAQ:SJ) Director Yongsheng Liu sold 10,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1.07, for a total transaction of $10,700.00. Following the sale, the director owned 64,500 shares of the company’s stock, valued at $69,015. This represents a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yongsheng Liu also recently made the following trade(s):

• On Wednesday, June 10th, Yongsheng Liu sold 10,000 shares of Scienjoy stock. The shares were sold at an average price of $1.06, for a total transaction of $10,600.00.

Scienjoy Stock Performance

NASDAQ:SJ traded up $0.02 during midday trading on Friday, reaching $1.07. 59,769 shares of the stock traded hands, compared to its average volume of 66,454. The stock has a market capitalization of $42.11 million, a P/E ratio of -0.55 and a beta of 0.81. Scienjoy Holding Corporation has a 12 month low of $0.45 and a 12 month high of $1.63. The company has a fifty day moving average of $1.18 and a 200 day moving average of $1.08.

Scienjoy (NASDAQ:SJ) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.03 earnings per share for the quarter. Scienjoy had a negative return on equity of 63.91% and a negative net margin of 46.33%.The firm had revenue of $40.99 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC boosted its stake in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,709 shares of the company’s stock after buying an additional 15,540 shares during the period. Citadel Advisors LLC owned approximately 0.20% of Scienjoy worth $49,000 at the end of the most recent reporting period. 0.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Scienjoy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Scienjoy

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.