CooTek (Cayman) Inc. (NYSE:CTK) has been given a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. CooTek (Cayman)’s rating score has declined by 67% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price objective of $13.00 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given CooTek (Cayman) an industry rank of 170 out of 256 based on the ratings given to its competitors.
A number of brokerages recently issued reports on CTK. Zacks Investment Research lowered CooTek (Cayman) from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Citigroup lowered CooTek (Cayman) from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, KeyCorp set a $14.00 price target on CooTek (Cayman) and gave the stock a “buy” rating in a research report on Thursday, March 7th.
CooTek (Cayman) (NYSE:CTK) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $47.05 million during the quarter, compared to analyst estimates of $46.10 million. Equities analysts anticipate that CooTek will post 0.53 earnings per share for the current year.
Several large investors have recently bought and sold shares of CTK. Advisor Group Inc. bought a new stake in CooTek (Cayman) in the 1st quarter valued at $73,000. BlackRock Inc. bought a new stake in CooTek (Cayman) in the 4th quarter valued at $61,000. Bank of America Corp DE bought a new stake in CooTek (Cayman) in the 4th quarter valued at $179,000. Finally, Morgan Stanley bought a new stake in CooTek (Cayman) in the 3rd quarter valued at $2,549,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.
About CooTek (Cayman)
CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.
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