Public Employees Retirement System of Ohio Invests $850,000 in Tuya Inc. Sponsored ADR $TUYA

Public Employees Retirement System of Ohio acquired a new position in shares of Tuya Inc. Sponsored ADR (NYSE:TUYA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 483,095 shares of the company’s stock, valued at approximately $850,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Tuya as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Tuya by 75.2% in the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock valued at $1,115,000 after acquiring an additional 157,978 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Tuya by 45.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company’s stock worth $2,474,000 after purchasing an additional 256,418 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of Tuya during the third quarter worth $246,000. Finally, SG Americas Securities LLC acquired a new position in shares of Tuya during the first quarter worth $128,000. Hedge funds and other institutional investors own 11.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TUYA. Wall Street Zen raised Tuya from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tuya in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Tuya has a consensus rating of “Moderate Buy” and a consensus target price of $3.69.

Tuya Stock Down 1.9%

TUYA stock opened at $1.82 on Thursday. The stock has a market capitalization of $991.36 million, a PE ratio of 16.59 and a beta of 0.56. Tuya Inc. Sponsored ADR has a 52 week low of $1.61 and a 52 week high of $2.71. The company has a quick ratio of 8.23, a current ratio of 8.74 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $1.79 and a 200 day moving average of $2.08.

Tuya (NYSE:TUYA) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter. Tuya had a net margin of 20.16% and a return on equity of 6.74%. The business had revenue of $92.94 million for the quarter. Sell-side analysts forecast that Tuya Inc. Sponsored ADR will post 0.12 earnings per share for the current year.

Tuya Company Profile

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.