WeRide Inc. $WRD Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of WeRide Inc. (NASDAQ:WRD) by 145.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,275 shares of the company’s stock after acquiring an additional 21,499 shares during the period. Concurrent Investment Advisors LLC’s holdings in WeRide were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in shares of WeRide during the 1st quarter worth about $27,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of WeRide in the 1st quarter valued at about $56,000. OLD Mission Capital LLC acquired a new stake in shares of WeRide in the 1st quarter valued at about $182,000. Virtu Financial LLC acquired a new stake in shares of WeRide in the 1st quarter valued at about $723,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of WeRide in the 1st quarter valued at about $12,178,000.

WeRide Stock Down 4.1%

WeRide stock opened at $10.10 on Monday. WeRide Inc. has a twelve month low of $6.03 and a twelve month high of $44.00. The stock has a 50 day moving average of $10.13 and a two-hundred day moving average of $9.26. The company has a current ratio of 11.03, a quick ratio of 10.55 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.97 billion and a price-to-earnings ratio of -3.62.

WeRide (NASDAQ:WRD) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $17.75 million for the quarter. WeRide had a negative return on equity of 49.03% and a negative net margin of 595.64%. As a group, research analysts expect that WeRide Inc. will post -0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WRD shares. Wall Street Zen raised WeRide from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of WeRide in a research report on Wednesday, October 8th. Citigroup began coverage on WeRide in a research report on Monday, September 29th. They issued a “buy” rating and a $15.50 target price for the company. Finally, UBS Group began coverage on WeRide in a research report on Monday, August 4th. They set a “buy” rating and a $12.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.75.

WeRide Company Profile

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.