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JOYY Inc. (NASDAQ:YY) Given Average Recommendation of “Buy” by Brokerages – MarketBeat

JOYY Inc. (NASDAQ:YY) has been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $100.00.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group downgraded JOYY from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $99.00 to $57.00 in a report on Monday, November 1st. Zacks Investment Research raised JOYY from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday, December 2nd.

Several institutional investors have recently modified their holdings of YY. Guggenheim Capital LLC grew its holdings in shares of JOYY by 6.1% in the 3rd quarter. Guggenheim Capital LLC now owns 3,932 shares of the information services provider’s stock valued at $216,000 after buying an additional 226 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of JOYY by 3.5% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 8,800 shares of the information services provider’s stock valued at $581,000 after buying an additional 300 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of JOYY by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,000 shares of the information services provider’s stock valued at $548,000 after buying an additional 300 shares during the period. Toroso Investments LLC grew its holdings in shares of JOYY by 5.9% in the 3rd quarter. Toroso Investments LLC now owns 6,078 shares of the information services provider’s stock valued at $333,000 after buying an additional 338 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of JOYY by 0.6% in the 2nd quarter. New York State Common Retirement Fund now owns 62,239 shares of the information services provider’s stock valued at $4,106,000 after buying an additional 388 shares during the period. Institutional investors own 54.63% of the company’s stock.

YY stock opened at $45.43 on Friday. JOYY has a twelve month low of $39.11 and a twelve month high of $148.88. The company has a market cap of $3.54 billion, a PE ratio of -21.74 and a beta of 0.84. The business’s 50-day simple moving average is $50.23 and its 200 day simple moving average is $55.21. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.

JOYY (NASDAQ:YY) last released its earnings results on Wednesday, November 17th. The information services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.39. JOYY had a negative return on equity of 0.09% and a negative net margin of 6.13%. The business had revenue of $650.55 million for the quarter. During the same period last year, the business earned $1.31 earnings per share. On average, equities research analysts anticipate that JOYY will post -0.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Friday, December 10th …….

Source: https://www.marketbeat.com/instant-alerts/nasdaq-yy-consensus-analyst-rating-2022-01/

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