Zacks Investment Research upgraded shares of Jianpu Technology (NYSE:JT) from a hold rating to a buy rating in a research note published on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $4.00 price objective on the stock.
According to Zacks, “Jianpu Technology Inc. is an open platform for discovery and recommendation of financial products primarily in China. The Company offers loan applications, credit card services and sales and marketing solutions. It serves credit information providers, payment companies and e-commerce platforms. Jianpu Technology Inc. is based in Beijing, China. “
Several other equities analysts have also commented on JT. TheStreet lowered Jianpu Technology from a c- rating to a d+ rating in a research report on Monday, July 22nd. ValuEngine raised Jianpu Technology from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Finally, Goldman Sachs Group lowered Jianpu Technology from a buy rating to a neutral rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $6.75.
Jianpu Technology (NYSE:JT) last announced its quarterly earnings data on Tuesday, May 28th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $97.58 million during the quarter, compared to analyst estimates of $90.04 million. Jianpu Technology had a negative return on equity of 5.41% and a negative net margin of 3.95%. As a group, equities analysts expect that Jianpu Technology will post 0.09 EPS for the current year.
Large investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Jianpu Technology during the first quarter valued at $40,000. Stevens Capital Management LP bought a new position in shares of Jianpu Technology during the second quarter valued at $54,000. Public Employees Retirement System of Ohio bought a new position in shares of Jianpu Technology during the second quarter valued at $60,000. Vanguard Group Inc. bought a new position in shares of Jianpu Technology during the second quarter valued at $71,000. Finally, Northern Trust Corp bought a new position in shares of Jianpu Technology during the second quarter valued at $239,000. Hedge funds and other institutional investors own 16.65% of the company’s stock.
Jianpu Technology Company Profile
Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.
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