Susquehanna Fundamental Investments LLC Acquires New Holdings in Dada Nexus Limited (NASDAQ:DADA)

Susquehanna Fundamental Investments LLC bought a new position in Dada Nexus Limited (NASDAQ:DADA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,327 shares of the company’s stock, valued at approximately $136,000.

A number of other large investors have also added to or reduced their stakes in DADA. Fore Capital LLC acquired a new position in shares of Dada Nexus during the first quarter worth $92,000. Headlands Technologies LLC increased its position in Dada Nexus by 615.5% during the 1st quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after buying an additional 34,963 shares in the last quarter. Vanguard Group Inc. raised its stake in Dada Nexus by 25.0% in the first quarter. Vanguard Group Inc. now owns 3,427,799 shares of the company’s stock valued at $7,027,000 after buying an additional 686,316 shares during the last quarter. Natixis acquired a new stake in Dada Nexus in the first quarter worth about $51,000. Finally, EntryPoint Capital LLC boosted its holdings in Dada Nexus by 69.6% in the first quarter. EntryPoint Capital LLC now owns 55,899 shares of the company’s stock worth $115,000 after acquiring an additional 22,936 shares in the last quarter. 59.25% of the stock is currently owned by institutional investors.

Dada Nexus Price Performance

Shares of Dada Nexus stock opened at $2.26 on Friday. The stock has a market cap of $597.85 million, a PE ratio of -1.77 and a beta of 1.37. The firm has a fifty day moving average price of $1.33 and a 200 day moving average price of $1.61. Dada Nexus Limited has a 1 year low of $1.04 and a 1 year high of $4.98.

Dada Nexus (NASDAQ:DADA) last released its quarterly earnings data on Tuesday, August 20th. The company reported ($0.09) earnings per share for the quarter. Dada Nexus had a negative net margin of 19.81% and a negative return on equity of 10.94%. The company had revenue of $324.54 million for the quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on DADA shares. Daiwa America raised shares of Dada Nexus to a “hold” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets assumed coverage on shares of Dada Nexus in a report on Thursday, August 22nd. They issued a “neutral” rating for the company. Finally, Citigroup raised shares of Dada Nexus from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1.00 to $1.50 in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dada Nexus presently has a consensus rating of “Hold” and an average price target of $3.35.

Dada Nexus Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.