17 Education & Technology Group (NYSE:YQ) Shares Down 3.1%

17 Education & Technology Group Inc. (NYSE:YQ)’s stock price traded down 3.1% during mid-day trading on Friday . The company traded as low as $3.98 and last traded at $4.02. 3,292 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,529,564 shares. The stock had previously closed at $4.15.

YQ has been the subject of several recent analyst reports. The Goldman Sachs Group cut 17 Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $5.30 in a report on Friday, May 28th. Zacks Investment Research downgraded shares of 17 Education & Technology Group from a “hold” rating to a “sell” rating in a report on Friday, May 28th.

The stock has a market cap of $831.68 million and a price-to-earnings ratio of -0.24. The company has a fifty day simple moving average of $5.74.

17 Education & Technology Group (NYSE:YQ) last issued its earnings results on Sunday, May 23rd. The company reported ($3.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.82) by ($0.24). Research analysts expect that 17 Education & Technology Group Inc. will post -1 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of YQ. BlackRock Inc. purchased a new stake in 17 Education & Technology Group during the fourth quarter worth approximately $4,759,000. Tiger Global Management LLC purchased a new position in shares of 17 Education & Technology Group in the 4th quarter valued at $6,149,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of 17 Education & Technology Group during the 4th quarter valued at $17,170,000. Teacher Retirement System of Texas purchased a new stake in 17 Education & Technology Group during the 4th quarter worth $128,000. Finally, Tudor Investment Corp Et Al acquired a new stake in 17 Education & Technology Group in the 4th quarter valued at $5,857,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

17 Education & Technology Group Company Profile (NYSE:YQ)

17 Education & Technology Group Inc, an education technology company, provides K-12 online education service in the People's Republic of China. It also offers online K-12 large-class after-school tutoring services on development of course syllabi and content and adaptation for live classes areas.

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