Shares of Gridsum Holding (NASDAQ:GSUM) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also assigned Gridsum Holding an industry rank of 96 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Gridsum Holding from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st.
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Shares of Gridsum Holding (GSUM) traded down 2.63% during mid-day trading on Monday, reaching $7.40. 140,307 shares of the company were exchanged. Gridsum Holding has a 12 month low of $7.30 and a 12 month high of $18.29.
Gridsum Holding (NASDAQ:GSUM) last posted its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.10. The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $87.61 million. The firm’s quarterly revenue was up 57.3% compared to the same quarter last year. On average, analysts forecast that Gridsum Holding will post ($0.06) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Matthews International Capital Management LLC boosted its position in Gridsum Holding by 2,197.8% in the first quarter. Matthews International Capital Management LLC now owns 358,463 shares of the technology company’s stock valued at $4,764,000 after buying an additional 342,863 shares during the period. New Silk Road Investment PTE Ltd. bought a new position in Gridsum Holding during the second quarter valued at $459,000. Two Sigma Investments LP bought a new position in Gridsum Holding during the fourth quarter valued at $184,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Gridsum Holding during the second quarter valued at $124,000. Institutional investors own 26.90% of the company’s stock.
About Gridsum Holding
Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.
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