Yatsen (NYSE:YSG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Yatsen (NYSE:YSG) from a hold rating to a buy rating in a research note released on Friday morning.

Yatsen Price Performance

YSG opened at $5.51 on Friday. Yatsen has a fifty-two week low of $2.60 and a fifty-two week high of $6.13. The business has a 50-day moving average of $4.46 and a 200-day moving average of $4.21. The company has a market capitalization of $505.60 million, a PE ratio of -5.06 and a beta of -2.60.

Yatsen (NYSE:YSG) last issued its quarterly earnings data on Friday, May 16th. The company reported ($0.01) earnings per share for the quarter. Yatsen had a negative net margin of 24.65% and a negative return on equity of 11.65%. The company had revenue of $114.86 million during the quarter. On average, equities research analysts expect that Yatsen will post -0.32 earnings per share for the current fiscal year.

Yatsen declared that its Board of Directors has authorized a share buyback plan on Friday, May 16th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Yiheng Capital Management L.P. bought a new position in Yatsen in the 4th quarter worth approximately $42,000. Bank of America Corp DE bought a new position in Yatsen in the 4th quarter worth approximately $42,000. Marshall Wace LLP bought a new position in Yatsen in the 4th quarter worth approximately $47,000. Public Employees Retirement System of Ohio increased its position in Yatsen by 1,446.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock worth $51,000 after buying an additional 11,878 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Yatsen by 22.8% in the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company’s stock worth $74,000 after buying an additional 3,435 shares during the period.

About Yatsen

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People’s Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.