Gaotu Techedu (NYSE:GOTU) CEO Xiangdong Chen Buys 200,000 Shares of Stock

Gaotu Techedu Inc. (NYSE:GOTU) CEO Xiangdong Chen acquired 200,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $2.23 per share, with a total value of $446,000.00. Following the completion of the transaction, the chief executive officer owned 7,714,529 shares in the company, valued at $17,203,399.67. This represents a 2.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gaotu Techedu Trading Up 3.7%

Shares of NYSE GOTU opened at $1.53 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.91. Gaotu Techedu Inc. has a 52-week low of $1.40 and a 52-week high of $4.12. The firm has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $2.11. The stock has a market cap of $365.77 million, a P/E ratio of -6.35 and a beta of 0.60.

Gaotu Techedu (NYSE:GOTU) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 6.42% and a negative return on equity of 29.69%. The firm had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $233.35 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. SmartHarvest Portfolios LLC purchased a new stake in shares of Gaotu Techedu in the first quarter valued at about $29,000. Walleye Trading LLC raised its holdings in shares of Gaotu Techedu by 110.1% in the second quarter. Walleye Trading LLC now owns 21,722 shares of the company’s stock valued at $78,000 after purchasing an additional 11,383 shares during the last quarter. HRT Financial LP raised its holdings in shares of Gaotu Techedu by 86.6% in the fourth quarter. HRT Financial LP now owns 22,020 shares of the company’s stock valued at $51,000 after purchasing an additional 10,221 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Gaotu Techedu in the fourth quarter valued at about $92,000. Finally, Centiva Capital LP purchased a new stake in Gaotu Techedu during the third quarter worth about $133,000. 48.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Gaotu Techedu from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About Gaotu Techedu

Gaotu Techedu Inc (NYSE:GOTU), formerly known as GSX Techedu, is a Beijing-based provider of online education services in China. Since its founding in 2014, the company has built a technology-driven platform that delivers live, interactive tutoring sessions to students primarily in the K-12 segment. Gaotu Techedu’s rebranding in 2021 underscored its commitment to leveraging cutting-edge digital tools to expand access to quality instruction across core academic subjects.

The company’s main offerings include small-group and one-on-one classes in mathematics, Chinese, English, physics and chemistry, as well as targeted test preparation for high-stakes national and local examinations.