Dada Nexus Limited (NASDAQ:DADA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Dada Nexus Limited (NASDAQ:DADA) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.12.

A number of equities analysts have recently weighed in on the company. Daiwa America upgraded Dada Nexus to a “hold” rating in a report on Thursday, August 22nd. Citigroup upgraded shares of Dada Nexus from a “sell” rating to a “neutral” rating and upped their price objective for the company from $1.00 to $1.50 in a research note on Wednesday, August 21st. Finally, Daiwa Capital Markets initiated coverage on shares of Dada Nexus in a research note on Thursday, August 22nd. They set a “neutral” rating for the company.

Dada Nexus Stock Down 6.1 %

Dada Nexus stock opened at $1.70 on Friday. Dada Nexus has a 52 week low of $1.04 and a 52 week high of $4.55. The company has a 50 day moving average price of $1.58 and a 200 day moving average price of $1.56.

Dada Nexus (NASDAQ:DADA) last issued its earnings results on Tuesday, August 20th. The company reported ($0.09) EPS for the quarter. The business had revenue of $324.54 million during the quarter. Dada Nexus had a negative return on equity of 10.94% and a negative net margin of 19.81%.

Institutional Trading of Dada Nexus

Several large investors have recently added to or reduced their stakes in DADA. Virtu Financial LLC acquired a new stake in shares of Dada Nexus in the 1st quarter valued at $28,000. Natixis bought a new stake in shares of Dada Nexus during the 1st quarter worth about $51,000. Headlands Technologies LLC increased its holdings in shares of Dada Nexus by 615.5% during the 1st quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock valued at $83,000 after acquiring an additional 34,963 shares during the last quarter. Fore Capital LLC bought a new position in shares of Dada Nexus in the 1st quarter valued at approximately $92,000. Finally, EntryPoint Capital LLC lifted its holdings in Dada Nexus by 69.6% in the 1st quarter. EntryPoint Capital LLC now owns 55,899 shares of the company’s stock worth $115,000 after purchasing an additional 22,936 shares during the last quarter. 59.25% of the stock is owned by institutional investors.

About Dada Nexus

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.