Yatsen (NYSE:YSG) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Yatsen (NYSE:YSG) from a hold rating to a sell rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “Yatsen Holding Limited engages in the development and sale of beauty products. The company offers color cosmetics, eye makeup, lip makeup, face makeup, skincare and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors and makeup sponges; kits; and other products. Its brand portfolio includes Perfect Diary, Little Ondine and Abby’s Choice. Yatsen Holding Limited is based in Guangzhou, China. “

Separately, Raymond James began coverage on Yatsen in a research report on Tuesday, July 13th. They set a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Yatsen has a consensus rating of Hold and a consensus target price of $20.30.

Yatsen stock opened at $4.72 on Wednesday. The stock has a market cap of $1.87 billion and a P/E ratio of -1.61. Yatsen has a fifty-two week low of $4.38 and a fifty-two week high of $25.47. The firm’s fifty day moving average price is $6.14 and its 200-day moving average price is $9.51.

Yatsen (NYSE:YSG) last released its quarterly earnings results on Thursday, August 26th. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. The firm had revenue of $236.19 million for the quarter, compared to analysts’ expectations of $221.76 million. As a group, equities research analysts forecast that Yatsen will post -0.44 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Yatsen by 422.4% in the second quarter. Royal Bank of Canada now owns 6,493 shares of the company’s stock worth $60,000 after buying an additional 5,250 shares during the period. Citigroup Inc. increased its holdings in shares of Yatsen by 2,735.9% in the second quarter. Citigroup Inc. now owns 9,330 shares of the company’s stock worth $87,000 after buying an additional 9,001 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Yatsen in the second quarter worth about $113,000. Paloma Partners Management Co purchased a new position in shares of Yatsen in the first quarter worth about $241,000. Finally, Verition Fund Management LLC purchased a new position in shares of Yatsen in the first quarter worth about $242,000. Hedge funds and other institutional investors own 29.83% of the company’s stock.

About Yatsen

Yatsen Holding Limited engages in the development and sale of beauty products under the brands of Perfect Diary, Little Ondine, and Abby's Choice in the People's Republic of China. The company offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges; kits; and other products, such as perfumes and cross-over products, including beauty devices and colored contact lenses.

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