Zacks: Sunlands Online Education Group – (STG) Given $10.51 Average Price Target by Analysts

Sunlands Online Education Group – (NYSE:STG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $10.51 for the company, according to Zacks. Zacks has also given Sunlands Online Education Group an industry rank of 166 out of 255 based on the ratings given to its competitors.

A number of analysts have commented on STG shares. Goldman Sachs Group cut Sunlands Online Education Group from a “buy” rating to a “neutral” rating in a research report on Monday, January 28th. ValuEngine upgraded Sunlands Online Education Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Sunlands Online Education Group in a research report on Tuesday, February 19th.

A number of institutional investors and hedge funds have recently modified their holdings of STG. Hsbc Holdings PLC increased its position in Sunlands Online Education Group by 93.3% in the fourth quarter. Hsbc Holdings PLC now owns 3,445,088 shares of the company’s stock worth $10,473,000 after buying an additional 1,662,589 shares in the last quarter. Castleark Management LLC increased its position in Sunlands Online Education Group by 155.9% in the third quarter. Castleark Management LLC now owns 198,434 shares of the company’s stock worth $1,201,000 after buying an additional 120,900 shares in the last quarter. Finally, Symmetry Peak Management LLC increased its position in Sunlands Online Education Group by 118.2% in the third quarter. Symmetry Peak Management LLC now owns 43,641 shares of the company’s stock worth $264,000 after buying an additional 23,641 shares in the last quarter. Institutional investors and hedge funds own 26.33% of the company’s stock.

STG traded down $0.04 during midday trading on Wednesday, reaching $3.38. The company had a trading volume of 13,544 shares, compared to its average volume of 38,093. The stock has a market cap of $365.78 million and a price-to-earnings ratio of -3.93. Sunlands Online Education Group has a 1 year low of $2.25 and a 1 year high of $11.40.

Sunlands Online Education Group (NYSE:STG) last issued its quarterly earnings results on Friday, March 22nd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.06. The company had revenue of $82.73 million during the quarter. Equities research analysts forecast that Sunlands Online Education Group will post -0.09 EPS for the current year.

About Sunlands Online Education Group

Sunlands Technology Group, through its subsidiaries, provides online education services in the People's Republic of China. The company offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of master of business administration programs.

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