Zacks: Brokerages Set $13.00 Price Target for Niu Technologies – (NASDAQ:NIU)

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Niu Technologies – (NASDAQ:NIU) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Niu Technologies’ rating score has improved by 33.3% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus price objective of $13.00 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Niu Technologies an industry rank of 143 out of 255 based on the ratings given to its competitors.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Niu Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Piper Jaffray Companies assumed coverage on Niu Technologies in a report on Tuesday, December 3rd. They set an “overweight” rating and a $13.00 price target for the company.

NIU stock opened at $8.50 on Friday. Niu Technologies has a 1-year low of $5.33 and a 1-year high of $13.60. The firm has a market cap of $631.86 million, a price-to-earnings ratio of -6.12 and a beta of 0.48. The firm has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $7.82.

A number of institutional investors have recently bought and sold shares of the business. State Street Corp bought a new stake in shares of Niu Technologies in the 3rd quarter worth approximately $104,000. Stevens Capital Management LP acquired a new stake in Niu Technologies during the second quarter worth $106,000. Elephas Investment Management Ltd acquired a new position in shares of Niu Technologies in the 2nd quarter valued at $135,000. Marshall Wace LLP bought a new position in shares of Niu Technologies during the 2nd quarter worth about $160,000. Finally, Morgan Stanley lifted its holdings in shares of Niu Technologies by 29.8% during the 2nd quarter. Morgan Stanley now owns 43,844 shares of the company’s stock worth $259,000 after acquiring an additional 10,054 shares during the period. 8.95% of the stock is owned by hedge funds and other institutional investors.

About Niu Technologies

Niu Technologies designs, manufactures, and sells smart e-scooters in the People's Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

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