Citigroup Cuts Niu Technologies (NASDAQ:NIU) Price Target to $3.50

Niu Technologies (NASDAQ:NIU) had its target price decreased by Citigroup from $3.70 to $3.50 in a research report report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Niu Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $3.50.

Niu Technologies Stock Performance

Niu Technologies stock opened at $2.93 on Tuesday. Niu Technologies has a 52 week low of $2.73 and a 52 week high of $5.67. The stock has a market capitalization of $228.31 million, a P/E ratio of -36.63 and a beta of -0.24. The stock has a fifty day moving average of $3.39 and a 200-day moving average of $3.75.

Niu Technologies (NASDAQ:NIU) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Niu Technologies had a negative net margin of 0.94% and a negative return on equity of 4.37%. The business had revenue of $96.66 million during the quarter, compared to analyst estimates of $89.24 million.

Insider Activity at Niu Technologies

In other news, CFO Fion Wenjuan Zhou sold 22,113 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $3.48, for a total transaction of $76,953.24. Following the sale, the chief financial officer directly owned 142,171 shares in the company, valued at approximately $494,755.08. The trade was a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in Niu Technologies by 1,611.5% during the 1st quarter. Acadian Asset Management LLC now owns 210,223 shares of the company’s stock worth $851,000 after acquiring an additional 197,940 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Niu Technologies by 56.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 364,382 shares of the company’s stock valued at $1,224,000 after acquiring an additional 131,453 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Niu Technologies during the second quarter worth $121,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Niu Technologies during the second quarter worth $45,000. Finally, Invesco Ltd. grew its stake in shares of Niu Technologies by 2,836.0% in the second quarter. Invesco Ltd. now owns 1,238,505 shares of the company’s stock worth $4,161,000 after purchasing an additional 1,196,322 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.