Gaotu Techedu (GOTU) Scheduled to Post Earnings on Wednesday

Gaotu Techedu (NYSE:GOTU) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 22nd. Gaotu Techedu has set its Q3 2023 guidance at EPS.

Gaotu Techedu (NYSE:GOTU) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $96.96 million for the quarter. Gaotu Techedu had a return on equity of 5.74% and a net margin of 6.89%.

Gaotu Techedu Price Performance

NYSE GOTU traded down $0.12 during trading hours on Tuesday, reaching $2.65. The company’s stock had a trading volume of 681,002 shares, compared to its average volume of 3,039,078. The firm has a fifty day simple moving average of $2.55 and a 200-day simple moving average of $2.93. Gaotu Techedu has a 52 week low of $0.95 and a 52 week high of $5.49. The stock has a market cap of $687.80 million, a P/E ratio of 26.60 and a beta of -0.42.

Institutional Trading of Gaotu Techedu

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP increased its position in shares of Gaotu Techedu by 176.1% during the third quarter. GSA Capital Partners LLP now owns 209,177 shares of the company’s stock valued at $577,000 after acquiring an additional 133,403 shares during the last quarter. Rhumbline Advisers increased its position in shares of Gaotu Techedu by 41.6% during the 3rd quarter. Rhumbline Advisers now owns 19,336 shares of the company’s stock valued at $53,000 after purchasing an additional 5,685 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Gaotu Techedu during the 2nd quarter worth $31,000. Tudor Investment Corp Et Al purchased a new position in shares of Gaotu Techedu in the 2nd quarter worth about $39,000. Finally, Marshall Wace LLP grew its position in Gaotu Techedu by 526.2% during the second quarter. Marshall Wace LLP now owns 172,824 shares of the company’s stock valued at $499,000 after buying an additional 145,224 shares during the period. Hedge funds and other institutional investors own 15.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, CLSA lowered shares of Gaotu Techedu from an “outperform” rating to an “underperform” rating and reduced their price objective for the company from $3.32 to $3.30 in a research note on Thursday, August 31st.

Gaotu Techedu Company Profile

Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. The company provides foreign language courses comprising English and Japanese, as well as test preparation courses for students taking language certification exams; and professional courses primarily for college students and adults preparing for professional qualification exams, such teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, Certified Tax Agent designation, securities qualification exams, and other exams.