CooTek (Cayman) Inc. (NYSE:CTK) Given $12.00 Average Target Price by Analysts

CooTek (Cayman) Inc. (NYSE:CTK) has received a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating and two have issued a strong buy rating on the company. CooTek (Cayman)’s rating score has declined by 39.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price target of $12.00 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CooTek (Cayman) an industry rank of 159 out of 256 based on the ratings given to related companies.

CTK has been the subject of several research analyst reports. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday. Credit Suisse Group restated an “outperform” rating and issued a GBX 3,175 ($41.49) price objective on shares of in a research report on Tuesday, June 4th. Finally, Citigroup upgraded Neste Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, June 10th.

Institutional investors have recently bought and sold shares of the business. Morgan Stanley purchased a new position in CooTek (Cayman) in the 3rd quarter worth approximately $2,549,000. Bank of America Corp DE acquired a new stake in shares of CooTek (Cayman) during the 4th quarter worth approximately $179,000. Finally, BlackRock Inc. acquired a new stake in CooTek (Cayman) in the 4th quarter valued at approximately $61,000. Institutional investors own 1.69% of the company’s stock.

Shares of CTK traded up $0.37 on Friday, reaching $9.01. The stock had a trading volume of 2,652 shares, compared to its average volume of 50,273. The company’s 50-day moving average price is $9.27. CooTek has a 12-month low of $5.40 and a 12-month high of $13.30.

CooTek (Cayman) (NYSE:CTK) last posted its quarterly earnings data on Monday, June 3rd. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The company had revenue of $40.04 million for the quarter, compared to the consensus estimate of $40.10 million. Sell-side analysts predict that CooTek will post 0.26 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.

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