Citigroup Raises Baozun (NASDAQ:BZUN) Price Target to $4.20

Baozun (NASDAQ:BZUN) had its price target raised by investment analysts at Citigroup from $3.90 to $4.20 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s target price would indicate a potential upside of 55.56% from the company’s current price.

Separately, CLSA downgraded Baozun from an “outperform” rating to a “hold” rating and reduced their price objective for the company from $2.80 to $2.20 in a research note on Friday, August 30th.

Baozun Stock Performance

NASDAQ:BZUN opened at $2.70 on Tuesday. The firm has a market cap of $162.51 million, a P/E ratio of -5.09 and a beta of 0.36. Baozun has a one year low of $1.90 and a one year high of $4.38. The firm has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $2.70.

Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.07) EPS for the quarter. The business had revenue of $329.01 million during the quarter. Baozun had a negative net margin of 2.55% and a negative return on equity of 5.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in Baozun by 55.1% during the second quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock worth $2,335,000 after purchasing an additional 356,096 shares during the last quarter. Virtu Financial LLC bought a new position in Baozun in the 1st quarter worth approximately $48,000. Marshall Wace LLP acquired a new position in Baozun during the 2nd quarter valued at about $55,000. Cetera Advisors LLC bought a new stake in shares of Baozun in the 1st quarter worth $35,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Baozun in the 3rd quarter worth approximately $50,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.

About Baozun

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.