Wall Street Zen Upgrades Yatsen (NYSE:YSG) to Buy

Yatsen (NYSE:YSG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Yatsen Stock Down 1.0%

NYSE YSG opened at $9.19 on Friday. The company has a market cap of $847.03 million, a price-to-earnings ratio of -8.43 and a beta of -2.40. Yatsen has a 52 week low of $2.60 and a 52 week high of $9.56. The business has a 50 day moving average price of $4.99 and a 200-day moving average price of $4.41.

Yatsen (NYSE:YSG) last released its quarterly earnings data on Friday, May 16th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $114.86 million for the quarter. Yatsen had a negative net margin of 24.65% and a negative return on equity of 11.65%. On average, equities research analysts anticipate that Yatsen will post -0.32 earnings per share for the current year.

Yatsen announced that its board has approved a share repurchase plan on Friday, May 16th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Yatsen

A number of institutional investors and hedge funds have recently bought and sold shares of YSG. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Yatsen in the 4th quarter valued at $452,000. Yiheng Capital Management L.P. bought a new position in Yatsen in the 4th quarter valued at $42,000. Arrowstreet Capital Limited Partnership bought a new position in Yatsen in the 4th quarter valued at $188,000. Russell Investments Group Ltd. bought a new position in Yatsen in the 4th quarter valued at $144,000. Finally, Barclays PLC grew its stake in Yatsen by 6.9% in the 4th quarter. Barclays PLC now owns 174,156 shares of the company’s stock valued at $693,000 after purchasing an additional 11,187 shares during the period.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People’s Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.