Full Truck Alliance (NYSE:YMM) Raised to “Overweight” at JPMorgan Chase & Co.

Full Truck Alliance (NYSE:YMM) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Monday. The firm currently has a $10.00 price objective on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 29.79% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Friday, March 13th. Weiss Ratings cut Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Bank of America assumed coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.04.

Full Truck Alliance Stock Down 0.2%

Shares of Full Truck Alliance stock opened at $7.71 on Monday. Full Truck Alliance has a 52-week low of $7.45 and a 52-week high of $14.07. The company’s 50-day simple moving average is $8.54 and its 200-day simple moving average is $9.29. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.68 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The firm had revenue of $456.32 million during the quarter. Equities research analysts anticipate that Full Truck Alliance will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Full Truck Alliance

A number of large investors have recently added to or reduced their stakes in YMM. Capital International Investors purchased a new stake in shares of Full Truck Alliance in the third quarter valued at about $188,227,000. Carrhae Capital LLP purchased a new position in shares of Full Truck Alliance during the 3rd quarter worth approximately $34,692,000. SG Americas Securities LLC raised its position in shares of Full Truck Alliance by 534.0% during the 4th quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock worth $12,301,000 after purchasing an additional 965,601 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Full Truck Alliance by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock worth $25,080,000 after purchasing an additional 627,118 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Full Truck Alliance by 103.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,260,366 shares of the company’s stock valued at $29,317,000 after buying an additional 1,148,008 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.