Shares of Qutoutiao Inc – (NASDAQ:QTT) gapped down prior to trading on Monday . The stock had previously closed at $5.74, but opened at $5.62. Qutoutiao shares last traded at $5.12, with a volume of 2606473 shares changing hands.

A number of analysts have recently commented on QTT shares. Zacks Investment Research lowered Qutoutiao from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Deutsche Bank lowered Qutoutiao from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a report on Wednesday, February 20th. UBS Group lowered Qutoutiao from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Friday, February 15th. Finally, Citigroup upgraded Qutoutiao from a “neutral” rating to a “buy” rating and cut their price target for the company from $16.00 to $14.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Qutoutiao presently has an average rating of “Hold” and a consensus target price of $12.80.

The firm has a market cap of $1.59 billion and a P/E ratio of -2.44.

Qutoutiao (NASDAQ:QTT) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). The firm had revenue of $191.87 million during the quarter, compared to the consensus estimate of $191.90 million. As a group, analysts forecast that Qutoutiao Inc – will post -1.03 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. National Asset Management Inc. acquired a new position in shares of Qutoutiao in the 4th quarter worth approximately $66,000. BlackRock Inc. acquired a new position in shares of Qutoutiao in the 4th quarter worth approximately $399,000. FMR LLC acquired a new position in shares of Qutoutiao in the 4th quarter worth approximately $4,510,000. SG Americas Securities LLC acquired a new position in shares of Qutoutiao in the 1st quarter worth approximately $236,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Qutoutiao in the 1st quarter worth approximately $181,000. Institutional investors own 0.30% of the company’s stock.

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Qutoutiao Company Profile (NASDAQ:QTT)

Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.

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