86 Research Begins Coverage on Yatsen (NYSE:YSG)

Equities research analysts at 86 Research assumed coverage on shares of Yatsen (NYSE:YSG) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “buy” rating and a $19.00 price target on the stock. 86 Research’s price target would indicate a potential upside of 65.94% from the stock’s previous close.

Several other research firms have also issued reports on YSG. Zacks Investment Research lowered shares of Yatsen from a “hold” rating to a “sell” rating in a research report on Wednesday, March 10th. CICC Research initiated coverage on shares of Yatsen in a research report on Monday, March 15th. They issued an “outperform” rating and a $23.30 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Yatsen has an average rating of “Hold” and a consensus price target of $20.30.

Yatsen stock opened at $11.45 on Wednesday. Yatsen has a 52-week low of $9.59 and a 52-week high of $25.47. The stock has a fifty day simple moving average of $13.19.

Yatsen (NYSE:YSG) last released its quarterly earnings data on Thursday, March 11th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.06). The firm had revenue of $300.63 million for the quarter.

Several hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in shares of Yatsen in the first quarter valued at $122,000. Laurion Capital Management LP purchased a new position in shares of Yatsen in the fourth quarter valued at $255,000. Ocean Arete Ltd. purchased a new position in shares of Yatsen in the fourth quarter valued at $256,000. Avalon Investment & Advisory purchased a new position in shares of Yatsen in the fourth quarter valued at $499,000. Finally, BlackRock Inc. purchased a new position in shares of Yatsen in the fourth quarter valued at $666,000.

Yatsen Company Profile

Yatsen Holding Limited engages in the development and sale of beauty products under the brands of Perfect Diary, Little Ondine, and Abby's Choice in the People's Republic of China. The company offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges; kits; and other products, such as perfumes and cross-over products, including beauty devices and colored contact lenses.

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