Allspring Global Investments Holdings LLC Sells 8,020 Shares of Zepp Health Co. (NYSE:ZEPP)

Allspring Global Investments Holdings LLC lowered its position in Zepp Health Co. (NYSE:ZEPP) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,112,449 shares of the company’s stock after selling 8,020 shares during the period. Allspring Global Investments Holdings LLC owned 7.39% of Zepp Health worth $2,892,000 as of its most recent SEC filing.

Separately, Virtu Financial LLC bought a new position in shares of Zepp Health in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 52.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a $14.65 target price on Zepp Health and gave the company a “buy” rating in a report on Tuesday, November 26th.

Zepp Health Stock Down 2.7 %

ZEPP stock opened at $2.91 on Friday. The stock’s 50 day moving average is $2.92 and its 200-day moving average is $3.07. The firm has a market capitalization of $43.80 million, a PE ratio of -1.16 and a beta of 0.68. Zepp Health Co. has a twelve month low of $2.06 and a twelve month high of $5.20. The company has a quick ratio of 0.87, a current ratio of 1.21 and a debt-to-equity ratio of 0.13.

Zepp Health Company Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.