Zacks: Jianpu Technology Inc – (JT) Given Consensus Rating of “Buy” by Analysts

Jianpu Technology Inc – (NYSE:JT) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Jianpu Technology’s rating score has improved by 33.3% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus price objective of $7.60 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Jianpu Technology an industry rank of 82 out of 256 based on the ratings given to related companies.

Several equities research analysts recently issued reports on JT shares. ValuEngine raised shares of Jianpu Technology from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Zacks Investment Research raised shares of Jianpu Technology from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised shares of Jianpu Technology from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $5.50 to $9.50 in a report on Friday, March 1st.

Shares of NYSE:JT traded up $0.03 during midday trading on Friday, hitting $4.82. The stock had a trading volume of 283,420 shares, compared to its average volume of 284,533. The stock has a market capitalization of $809.86 million, a PE ratio of -34.43 and a beta of 1.73. Jianpu Technology has a fifty-two week low of $3.49 and a fifty-two week high of $7.97.

Jianpu Technology (NYSE:JT) last issued its earnings results on Monday, February 25th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $107.93 million during the quarter. Jianpu Technology had a negative net margin of 8.36% and a negative return on equity of 10.13%. On average, sell-side analysts forecast that Jianpu Technology will post -0.01 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Jianpu Technology during the 1st quarter valued at approximately $274,000. Hamilton Lane Advisors LLC bought a new stake in shares of Jianpu Technology during the 1st quarter valued at approximately $529,000. Nordea Investment Management AB bought a new stake in shares of Jianpu Technology during the 3rd quarter valued at approximately $1,065,000. Baillie Gifford & Co. grew its holdings in shares of Jianpu Technology by 96.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,719,720 shares of the company’s stock valued at $15,511,000 after purchasing an additional 1,822,264 shares during the last quarter. Finally, Yiheng Capital LLC grew its holdings in shares of Jianpu Technology by 31.7% during the 4th quarter. Yiheng Capital LLC now owns 6,058,598 shares of the company’s stock valued at $25,264,000 after purchasing an additional 1,459,629 shares during the last quarter. 12.03% of the stock is currently owned by institutional investors.

About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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