Citigroup Issues Positive Forecast for Baozun (NASDAQ:BZUN) Stock Price

Baozun (NASDAQ:BZUN) had its target price boosted by investment analysts at Citigroup from $3.90 to $4.20 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s target price would suggest a potential upside of 55.56% from the stock’s previous close.

Separately, CLSA cut Baozun from an “outperform” rating to a “hold” rating and lowered their target price for the company from $2.80 to $2.20 in a research note on Friday, August 30th.

Baozun Stock Up 4.2 %

Shares of NASDAQ BZUN opened at $2.70 on Tuesday. The company has a market cap of $162.51 million, a P/E ratio of -5.09 and a beta of 0.36. Baozun has a 12 month low of $1.90 and a 12 month high of $4.38. The business’s 50 day moving average is $3.08 and its two-hundred day moving average is $2.70.

Baozun (NASDAQ:BZUN) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.07) EPS for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%. The company had revenue of $329.01 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cetera Advisors LLC purchased a new position in shares of Baozun during the first quarter worth about $35,000. Virtu Financial LLC acquired a new position in Baozun in the first quarter worth approximately $48,000. QRG Capital Management Inc. bought a new position in shares of Baozun during the 3rd quarter valued at $50,000. Wolverine Trading LLC lifted its stake in shares of Baozun by 42.5% in the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after purchasing an additional 4,545 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Baozun in the second quarter worth $55,000. 47.29% of the stock is owned by institutional investors.

Baozun Company Profile

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.