VNET Group (NASDAQ:VNET) SVP Zhihua Zhang Sells 9,072 Shares

VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET) SVP Zhihua Zhang sold 9,072 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1.69, for a total value of $15,331.68. Following the sale, the senior vice president directly owned 33,924 shares of the company’s stock, valued at approximately $57,331.56. This trade represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

VNET Group Stock Performance

NASDAQ:VNET opened at $10.52 on Tuesday. The firm has a market cap of $2.85 billion, a PE ratio of -36.28 and a beta of 0.19. VNET Group, Inc. – Unsponsored ADR has a fifty-two week low of $5.14 and a fifty-two week high of $14.48. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day moving average price of $9.11 and a 200-day moving average price of $9.73.

VNET Group (NASDAQ:VNET) last announced its quarterly earnings results on Monday, March 16th. The information technology services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). VNET Group had a positive return on equity of 1.36% and a negative net margin of 2.48%.The business had revenue of $384.07 million during the quarter, compared to analysts’ expectations of $368.64 million. Equities research analysts predict that VNET Group, Inc. – Unsponsored ADR will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On VNET Group

Institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new position in VNET Group in the first quarter worth $25,000. Global Retirement Partners LLC bought a new position in shares of VNET Group during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of VNET Group by 52.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 1,426 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of VNET Group by 26.8% during the first quarter. Parallel Advisors LLC now owns 5,495 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Allianz SE bought a new position in shares of VNET Group during the fourth quarter valued at $50,000. Institutional investors own 72.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on VNET shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VNET Group in a research note on Friday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $23.55 price target on shares of VNET Group in a research note on Monday, March 16th. Wall Street Zen raised VNET Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Bank of America reaffirmed a “buy” rating on shares of VNET Group in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, VNET Group presently has an average rating of “Hold” and an average price target of $18.08.

VNET Group Company Profile

VNET Group, Inc (NASDAQ: VNET) is a leading carrier-neutral internet data center (IDC) services provider in China. Established in 1999 and headquartered in Beijing, the company delivers a full spectrum of infrastructure solutions that support the growing digital economy. Its core offerings include data center colocation, managed hosting, network connectivity, and disaster recovery services designed to meet the performance and reliability requirements of enterprise and internet content customers.

The company’s product portfolio spans private cloud, public cloud and hybrid cloud deployments, enabling clients to scale computing resources on demand.