Dada Nexus (NASDAQ:DADA) Price Target Cut to $5.00 by Analysts at Mizuho

Dada Nexus (NASDAQ:DADAFree Report) had its target price decreased by Mizuho from $6.00 to $5.00 in a research report report published on Tuesday morning, Benzinga reports. Mizuho currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Daiwa Capital Markets lowered shares of Dada Nexus from a buy rating to a neutral rating in a research note on Thursday, May 16th. Daiwa America lowered shares of Dada Nexus from a strong-buy rating to a moderate buy rating in a research note on Thursday, May 16th. New Street Research reaffirmed a neutral rating and issued a $2.00 price target (down from $15.00) on shares of Dada Nexus in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Dada Nexus in a research note on Thursday, April 25th. They issued a neutral rating and a $2.10 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $3.66.

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Dada Nexus Stock Down 1.6 %

NASDAQ:DADA opened at $1.86 on Tuesday. Dada Nexus has a 52 week low of $1.36 and a 52 week high of $6.94. The stock has a market capitalization of $492.04 million, a PE ratio of -1.45 and a beta of 1.46. The stock’s 50-day moving average price is $2.07 and its 200-day moving average price is $2.47.

Dada Nexus (NASDAQ:DADAGet Free Report) last issued its quarterly earnings results on Monday, March 25th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). The company had revenue of $381.95 million during the quarter, compared to analysts’ expectations of $436.80 million. Dada Nexus had a negative net margin of 22.77% and a negative return on equity of 14.03%. Sell-side analysts expect that Dada Nexus will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DADA. Baillie Gifford & Co. raised its position in shares of Dada Nexus by 1.0% during the 3rd quarter. Baillie Gifford & Co. now owns 7,489,745 shares of the company’s stock valued at $33,329,000 after buying an additional 75,734 shares during the period. Vanguard Group Inc. raised its position in shares of Dada Nexus by 25.0% during the 1st quarter. Vanguard Group Inc. now owns 3,427,799 shares of the company’s stock valued at $7,027,000 after buying an additional 686,316 shares during the period. TT International Asset Management LTD raised its position in shares of Dada Nexus by 33.9% during the 4th quarter. TT International Asset Management LTD now owns 3,367,558 shares of the company’s stock valued at $11,180,000 after buying an additional 852,790 shares during the period. Aviva PLC raised its position in shares of Dada Nexus by 56.0% during the 3rd quarter. Aviva PLC now owns 1,443,060 shares of the company’s stock valued at $6,422,000 after buying an additional 518,113 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Dada Nexus by 135.5% during the 3rd quarter. Federated Hermes Inc. now owns 1,203,059 shares of the company’s stock valued at $5,354,000 after buying an additional 692,120 shares during the period. 59.25% of the stock is owned by hedge funds and other institutional investors.

About Dada Nexus

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Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.

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Analyst Recommendations for Dada Nexus (NASDAQ:DADA)

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