Yuanbao (NASDAQ:YB) Stock Price Up 7.5% – Should You Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s share price was up 7.5% on Friday. The company traded as high as $11.39 and last traded at $11.63. 354 shares were traded during trading, a decline of 99% from the average daily volume of 40,794 shares. The stock had previously closed at $10.82.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Yuanbao currently has an average rating of “Reduce” and a consensus price target of $21.80.

Yuanbao Stock Up 5.9%

The company has a market cap of $528.70 million, a P/E ratio of 2.60 and a beta of 0.67. The company has a fifty day moving average of $11.93 and a 200 day moving average of $15.23.

Yuanbao (NASDAQ:YB) last posted its earnings results on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. The company had revenue of $204.92 million for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

Institutional Investors Weigh In On Yuanbao

An institutional investor recently raised its position in Yuanbao stock. Ramsey Quantitative Systems lifted its holdings in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) by 72.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,073 shares of the company’s stock after purchasing an additional 7,584 shares during the period. Yuanbao comprises approximately 0.2% of Ramsey Quantitative Systems’ holdings, making the stock its 10th biggest position. Ramsey Quantitative Systems’ holdings in Yuanbao were worth $225,000 at the end of the most recent quarter.

About Yuanbao

Yuanbao Inc. is a China-based insurance technology company that operates a digital platform for distributing insurance products. Its platform connects consumers with coverage offered by insurance companies, with a focus on health and related insurance products. The company uses digital tools and data analytics to support product recommendations, customer engagement and policy services. It also provides technology and distribution services to insurance partners. Yuanbao’s business primarily serves consumers and insurance providers in China through online channels.