Dada Nexus Limited (NASDAQ:DADA) Given Average Rating of “Hold” by Analysts

Shares of Dada Nexus Limited (NASDAQ:DADA) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3.35.

Several research firms have commented on DADA. Daiwa Capital Markets assumed coverage on shares of Dada Nexus in a report on Thursday, August 22nd. They issued a “neutral” rating on the stock. Citigroup raised shares of Dada Nexus from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $1.00 to $1.50 in a research note on Wednesday, August 21st. Finally, Daiwa America raised Dada Nexus to a “hold” rating in a report on Thursday, August 22nd.

Institutional Trading of Dada Nexus

A number of institutional investors have recently made changes to their positions in DADA. Virtu Financial LLC bought a new stake in Dada Nexus in the first quarter valued at $28,000. Natixis bought a new stake in shares of Dada Nexus during the 1st quarter valued at about $51,000. Headlands Technologies LLC increased its position in shares of Dada Nexus by 615.5% during the first 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 during the period. Fore Capital LLC bought a new position in Dada Nexus in the first quarter worth about $92,000. Finally, EntryPoint Capital LLC raised its stake 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 buying an additional 22,936 shares in the last quarter. Hedge funds and other institutional investors own 59.25% of the company’s stock.

Dada Nexus Stock Down 16.5 %

Shares of DADA stock opened at $2.08 on Wednesday. Dada Nexus has a 12-month low of $1.04 and a 12-month high of $4.98. The firm has a fifty day moving average of $1.36 and a 200-day moving average of $1.60. The firm has a market capitalization of $550.23 million, a price-to-earnings ratio of -1.63 and a beta of 1.37.

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

About Dada Nexus

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.