Zepp Health (NYSE:ZEPP) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Zepp Health (NYSE:ZEPP) from a hold rating to a sell rating in a report released on Sunday.

Separately, Fundamental Research set a $56.28 price target on Zepp Health and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.28.

Zepp Health Trading Up 0.7%

Shares of NYSE ZEPP opened at $4.93 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $6.00 and its two-hundred day moving average price is $13.89. Zepp Health has a 52-week low of $3.85 and a 52-week high of $61.85. The stock has a market capitalization of $72.45 million, a P/E ratio of -1.96 and a beta of 1.83.

Insiders Place Their Bets

In related news, CFO Cheng Deng sold 9,836 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $4.61, for a total transaction of $45,343.96. Following the sale, the chief financial officer owned 114,539 shares in the company, valued at $528,024.79. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 36.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zepp Health

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Zepp Health by 61.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,514 shares of the company’s stock worth $41,000 after purchasing an additional 576 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in Zepp Health by 6.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 44,800 shares of the company’s stock valued at $1,207,000 after purchasing an additional 2,800 shares during the period. Osaic Holdings Inc. grew its stake in Zepp Health by 239.5% during the 4th quarter. Osaic Holdings Inc. now owns 8,285 shares of the company’s stock worth $223,000 after buying an additional 5,845 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Zepp Health in the fourth quarter worth $241,000. Finally, Capstone Capital Management Ltd acquired a new stake in Zepp Health in the fourth quarter worth $298,000. 52.61% of the stock is owned by institutional investors.

Zepp Health Company Profile

Zepp Health Corp is a technology company specializing in the design, development and sale of smart wearable devices and health management solutions. Through its flagship Amazfit brand and the Zepp software ecosystem, the company offers a range of products—including smartwatches, fitness bands, smart scales and health-oriented mobile applications—designed to track key biometric data such as heart rate, sleep patterns, blood oxygen levels and activity metrics. Zepp Health’s integrated platform enables users to monitor wellness and fitness goals while leveraging cloud-based analytics for personalized insights.

At the core of Zepp Health’s offering is its Zepp cloud platform, which aggregates and analyzes data collected from its hardware lineup.