Dada Nexus Limited (NASDAQ:DADA) Receives Consensus Rating of “Hold” from Analysts

Dada Nexus Limited (NASDAQ:DADA) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.66.

Several research firms recently weighed in on DADA. Daiwa Capital Markets lowered Dada Nexus from a “buy” rating to a “neutral” rating in a research report on Thursday, May 16th. Daiwa America cut Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 16th. The Goldman Sachs Group initiated coverage on shares of Dada Nexus in a research report on Thursday, April 25th. They issued a “neutral” rating and a $2.10 price target for the company. Finally, Mizuho lowered their price objective on shares of Dada Nexus from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st.

Dada Nexus Stock Down 1.5 %

Shares of NASDAQ DADA opened at $1.32 on Friday. Dada Nexus has a 12 month low of $1.26 and a 12 month high of $6.83. The company has a market cap of $349.19 million, a price-to-earnings ratio of -1.03 and a beta of 1.35. The business has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.85.

Dada Nexus (NASDAQ:DADA) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). Dada Nexus had a negative net margin of 22.77% and a negative return on equity of 14.73%. The firm had revenue of $342.43 million for the quarter, compared to analysts’ expectations of $427.89 million.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Dada Nexus in the 1st quarter worth approximately $28,000. Jump Financial LLC acquired a new position in Dada Nexus in the 4th quarter valued at $42,000. Natixis bought a new position in Dada Nexus in the 1st quarter worth $51,000. Tower Research Capital LLC TRC lifted its position in Dada Nexus by 170.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 21,338 shares of the company’s stock worth $71,000 after acquiring an additional 13,447 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Dada Nexus by 615.5% during the first quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after acquiring an additional 34,963 shares during the period. Institutional investors and hedge funds own 59.25% of the company’s stock.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.