GSX Techedu (NYSE:GSX) Now Covered by Analysts at Goldman Sachs Group

Equities researchers at Goldman Sachs Group started coverage on shares of GSX Techedu (NYSE:GSX) in a report released on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.

Several other equities research analysts have also commented on GSX. UBS Group started coverage on shares of GSX Techedu in a research report on Thursday, January 16th. They set a “buy” rating and a $40.00 price target for the company. ValuEngine lowered shares of GSX Techedu from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Zacks Investment Research lowered shares of GSX Techedu from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays reaffirmed a “buy” rating and set a $20.00 price target on shares of GSX Techedu in a research report on Thursday, November 7th. Finally, Bank of America started coverage on shares of GSX Techedu in a research report on Wednesday, October 9th. They set a “buy” rating and a $22.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.75.

Shares of NYSE:GSX opened at $32.91 on Tuesday. GSX Techedu has a fifty-two week low of $8.53 and a fifty-two week high of $32.97. The business has a 50-day simple moving average of $23.16 and a two-hundred day simple moving average of $16.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 1.23.

GSX Techedu (NYSE:GSX) last issued its earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08). The business had revenue of $557.00 million during the quarter, compared to analyst estimates of $485.07 million. The firm’s revenue for the quarter was up 461.5% on a year-over-year basis. Research analysts expect that GSX Techedu will post 0.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of GSX Techedu during the 2nd quarter valued at about $39,540,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of GSX Techedu during the 3rd quarter valued at about $1,218,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GSX Techedu during the 2nd quarter valued at about $45,026,000. Barclays PLC purchased a new stake in shares of GSX Techedu during the 3rd quarter valued at about $73,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of GSX Techedu during the 2nd quarter valued at about $6,875,000. 9.94% of the stock is owned by hedge funds and other institutional investors.

About GSX Techedu

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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