17 Education & Technology Group (NYSE:YQ) Rating Increased to Hold at Zacks Research

17 Education & Technology Group (NYSE:YQ) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Separately, Greenridge Global assumed coverage on 17 Education & Technology Group in a research note on Thursday, September 17th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

17 Education & Technology Group Price Performance

Shares of 17 Education & Technology Group stock opened at $3.69 on Monday. The firm has a 50 day simple moving average of $2.59 and a 200 day simple moving average of $2.43. 17 Education & Technology Group has a fifty-two week low of $1.68 and a fifty-two week high of $6.45. The firm has a market cap of $40.02 million, a P/E ratio of -0.92 and a beta of 1.01.

17 Education & Technology Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 3rd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at 17 Education & Technology Group

In other 17 Education & Technology Group news, CEO Chang Liu bought 18,988 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average cost of $2.20 per share, with a total value of $41,773.60. Following the purchase, the chief executive officer owned 22,910 shares in the company, valued at $50,402. This trade represents a 484.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders purchased 73,728 shares of company stock worth $161,986. 23.10% of the stock is currently owned by corporate insiders.

About 17 Education & Technology Group

17 Education & Technology Group Inc is a China-based education technology company that provides digital tools and services for the K-12 education market. Its platform is designed to connect schools, teachers, students and parents through online learning, homework, teaching and school-management applications.

The company’s services include digital homework and assessment tools, educational content, classroom and teaching support, student learning products, and data-driven school management solutions.