Citigroup Issues Positive Forecast for Full Truck Alliance (NYSE:YMM) Stock Price

Full Truck Alliance (NYSE:YMM) had its price objective upped by Citigroup from $13.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Barclays decreased their price target on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd.

Full Truck Alliance Price Performance

NYSE YMM opened at $11.92 on Tuesday. Full Truck Alliance has a 1 year low of $5.70 and a 1 year high of $12.47. The stock has a market capitalization of $12.56 billion, a PE ratio of 28.38 and a beta of 0.28. The company’s 50 day simple moving average is $9.40 and its two-hundred day simple moving average is $8.49.

Hedge Funds Weigh In On Full Truck Alliance

A number of institutional investors have recently made changes to their positions in the stock. Tobam bought a new position in shares of Full Truck Alliance during the 2nd quarter valued at $35,000. Blue Trust Inc. bought a new position in shares of Full Truck Alliance during the 2nd quarter valued at $38,000. Atomi Financial Group Inc. grew its holdings in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after purchasing an additional 1,329 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Full Truck Alliance during the 3rd quarter valued at $151,000. Finally, Scientech Research LLC bought a new position in shares of Full Truck Alliance during the 2nd quarter valued at $156,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.