Dada Nexus Limited (NASDAQ:DADA) Receives $3.12 Consensus Target Price from Analysts

Dada Nexus Limited (NASDAQ:DADA) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.12.

Several analysts have issued reports on DADA shares. Daiwa America upgraded shares of Dada Nexus to a “hold” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets initiated coverage on Dada Nexus in a research report on Thursday, August 22nd. They set a “neutral” rating on the stock. Finally, Citigroup raised Dada Nexus from a “sell” rating to a “neutral” rating and upped their price target for the company from $1.00 to $1.50 in a report on Wednesday, August 21st.

Dada Nexus Stock Up 7.7 %

Shares of NASDAQ:DADA opened at $1.81 on Friday. The business has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.56. The company has a market cap of $470.24 million, a price-to-earnings ratio of -1.67 and a beta of 1.39. Dada Nexus has a twelve month low of $1.04 and a twelve month high of $4.55.

Dada Nexus (NASDAQ:DADA) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.09) earnings per share for the quarter. Dada Nexus had a negative net margin of 19.81% and a negative return on equity of 10.94%. The business had revenue of $324.54 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Dada Nexus during the first quarter valued at approximately $28,000. Natixis acquired a new stake in Dada Nexus in the 1st quarter valued at $51,000. Headlands Technologies LLC grew its position in Dada Nexus by 615.5% in the first quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after acquiring an additional 34,963 shares during the period. Fore Capital LLC acquired a new position in Dada Nexus during the first quarter worth $92,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Dada Nexus by 69.6% during the first quarter. EntryPoint Capital LLC now owns 55,899 shares of the company’s stock valued at $115,000 after acquiring an additional 22,936 shares during the period. Institutional investors and hedge funds own 59.25% of the company’s stock.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.