Wall Street Zen Downgrades Zepp Health (NYSE:ZEPP) to Sell

Zepp Health (NYSE:ZEPP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Separately, Fundamental Research set a $53.01 price objective on shares of Zepp Health and gave the company a “buy” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.01.

Zepp Health Price Performance

Shares of NYSE:ZEPP opened at $5.00 on Friday. The firm has a market cap of $73.33 million, a price-to-earnings ratio of -1.98 and a beta of 1.86. The firm has a fifty day moving average price of $5.05 and a 200 day moving average price of $11.20. Zepp Health has a fifty-two week low of $3.85 and a fifty-two week high of $61.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.88.

Insiders Place Their Bets

In related news, CFO Cheng Deng sold 9,836 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $4.61, for a total transaction of $45,343.96. Following the transaction, the chief financial officer directly owned 114,539 shares in the company, valued at approximately $528,024.79. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 36.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zepp Health

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZEPP. Public Employees Retirement System of Ohio raised its holdings in shares of Zepp Health by 61.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,514 shares of the company’s stock valued at $41,000 after acquiring an additional 576 shares in the last quarter. AXQ Capital LP bought a new position in Zepp Health during the 2nd quarter worth about $85,000. Osaic Holdings Inc. increased its position in Zepp Health by 239.5% during the 4th quarter. Osaic Holdings Inc. now owns 8,285 shares of the company’s stock valued at $223,000 after purchasing an additional 5,845 shares during the period. Dimensional Fund Advisors LP purchased a new position in Zepp Health during the 4th quarter valued at about $241,000. Finally, Capstone Capital Management Ltd bought a new stake in shares of Zepp Health in the 4th quarter valued at about $298,000. Institutional investors own 52.61% of the company’s stock.

About Zepp Health

Zepp Health Corp is a technology company specializing in the design, development and sale of smart wearable devices and health management solutions. Through its flagship Amazfit brand and the Zepp software ecosystem, the company offers a range of products—including smartwatches, fitness bands, smart scales and health-oriented mobile applications—designed to track key biometric data such as heart rate, sleep patterns, blood oxygen levels and activity metrics. Zepp Health’s integrated platform enables users to monitor wellness and fitness goals while leveraging cloud-based analytics for personalized insights.

At the core of Zepp Health’s offering is its Zepp cloud platform, which aggregates and analyzes data collected from its hardware lineup.