Zacks Investment Research upgraded shares of Uxin (NASDAQ:UXIN) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Zacks.com reports. The firm currently has $2.75 price objective on the stock.
According to Zacks, “Uxin Limited provides internet based services. The Company offers car e-commerce platform which enables to consumers and dealers to buy and sell new and used cars. Uxin Limited is based in Beijing, China. “
Separately, ValuEngine cut shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $6.94.
Uxin (NASDAQ:UXIN) last posted its earnings results on Monday, June 10th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.59). The company had revenue of $1 billion for the quarter. Uxin had a negative net margin of 26.17% and a negative return on equity of 97.42%. The company’s revenue was up 54.6% on a year-over-year basis. Research analysts forecast that Uxin will post -0.24 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Myriad Asset Management Ltd. bought a new position in shares of Uxin in the 1st quarter worth approximately $20,893,000. FMR LLC bought a new position in shares of Uxin in the 1st quarter worth approximately $9,445,000. Pictet Asset Management Ltd. bought a new position in shares of Uxin in the 1st quarter worth approximately $6,206,000. Greenwoods Asset Management Ltd bought a new position in shares of Uxin in the 1st quarter worth approximately $2,752,000. Finally, Baillie Gifford & Co. lifted its stake in shares of Uxin by 42.3% in the 1st quarter. Baillie Gifford & Co. now owns 1,776,100 shares of the company’s stock worth $6,732,000 after purchasing an additional 527,700 shares during the period. Institutional investors and hedge funds own 32.12% of the company’s stock.
Uxin Company Profile
Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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