TAL Education Group (NYSE:TAL) Shares Gap Up – What’s Next?

TAL Education Group (NYSE:TAL) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.13, but opened at $10.75. TAL Education Group shares last traded at $10.56, with a volume of 8,263,981 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Up 16.8 %

The stock has a market cap of $6.45 billion, a P/E ratio of 96.97 and a beta of -0.01. The business’s 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.80.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, research analysts forecast that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after buying an additional 2,186 shares during the period. Point72 DIFC Ltd acquired a new position in TAL Education Group in the third quarter valued at $48,000. Blue Trust Inc. lifted its holdings in TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after buying an additional 4,403 shares during the period. DRW Securities LLC acquired a new position in TAL Education Group in the third quarter valued at $128,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in TAL Education Group by 1,298,400.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock valued at $154,000 after purchasing an additional 12,984 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.