Zacks: CooTek (Cayman) Inc. (CTK) Given $15.15 Consensus Target Price by Brokerages

Shares of CooTek (Cayman) Inc. (NYSE:CTK) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $15.15 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned CooTek (Cayman) an industry rank of 152 out of 256 based on the ratings given to related companies.

Several research firms have recently issued reports on CTK. Bank of America began coverage on CooTek (Cayman) in a research note on Tuesday, October 23rd. They set a “buy” rating and a $19.00 price target for the company. Citigroup began coverage on CooTek (Cayman) in a research note on Monday, December 10th. They set a “buy” rating for the company. Finally, KeyCorp began coverage on CooTek (Cayman) in a research note on Tuesday, October 23rd. They set an “overweight” rating and a $15.00 price target for the company.

Several large investors have recently added to or reduced their stakes in the company. Credit Suisse AG acquired a new position in shares of CooTek (Cayman) during the 3rd quarter worth $4,106,000. Morgan Stanley acquired a new position in CooTek (Cayman) in the 3rd quarter valued at about $2,549,000. Hound Partners LLC acquired a new position in CooTek (Cayman) in the 3rd quarter valued at about $708,000. Finally, Granite Point Capital Management L.P. acquired a new position in CooTek (Cayman) in the 3rd quarter valued at about $236,000. 3.10% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CTK traded up $0.85 during midday trading on Tuesday, hitting $9.19. 143,557 shares of the stock were exchanged, compared to its average volume of 144,669. CooTek has a twelve month low of $5.40 and a twelve month high of $11.58.

CooTek (Cayman) (NYSE:CTK) last released its quarterly earnings results on Wednesday, November 14th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). The firm had revenue of $36.79 million during the quarter, compared to analyst estimates of $35.20 million. On average, analysts expect that CooTek will post 0.16 EPS for the current fiscal year.

About CooTek (Cayman)

CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.

Recommended Story: Leveraged Buyout (LBO) Explained

Get a free copy of the Zacks research report on CooTek (Cayman) (CTK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CooTek (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CooTek (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit