JOYY (NASDAQ:JOYY) Upgraded at Wall Street Zen
Wall Street Zen upgraded JOYY (NASDAQ:JOYY) from a "hold" to a "buy" rating. Citigroup also raised its target price for JOYY to $70.00, maintaining a "buy" rating. Despite these upgrades, JOYY has a consensus "hold" rating among analysts. The stock opened at $61.79, with a market cap of $3.22 billion. Institutional investors have recently adjusted their positions in JOYY. The company operates social media platforms like Bigo Live and Likee.
JOYY (NASDAQ:JOYY - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.
A number of other research analysts also recently commented on the company. Zacks Research raised JOYY to a "hold" rating in a research note on Wednesday, October 15th. Weiss Ratings upgraded shares of JOYY from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Saturday, October 25th. Finally, Citigroup boosted their target price on shares of JOYY from $59.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $70.00.
Read Our Latest Report on JOYY
JOYY Trading Down 3.0%
NASDAQ JOYY opened at $61.79 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 1.92 and a beta of 0.29. The company has a 50 day simple moving average of $59.50. JOYY has a 1-year low of $33.83 and a 1-year high of $67.85.
JOYY (NASDAQ:JOYY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $1.36 EPS for the quarter. The firm had revenue of $507.76 million for the quarter. JOYY had a return on equity of 4.81% and a net margin of 82.39%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in shares of JOYY during the 3rd quarter valued at approximately $35,000. SG Americas Securities LLC acquired a new stake in JOYY in the third quarter valued at approximately $306,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of JOYY during the third quarter worth $1,189,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of JOYY during the third quarter worth $87,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of JOYY during the third quarter worth $27,000. Institutional investors own 36.83% of the company's stock.
JOYY Company Profile
(Get Free Report)JOYY Inc, through its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as live talk with other users, make video calls, and watch trend videos; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls, text messages, and photo and video sharing.
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