Gridsum Holding (NASDAQ:GSUM) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports.
Zacks has also given Gridsum Holding an industry rank of 69 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Gridsum Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th.
Several institutional investors have recently added to or reduced their stakes in the stock. Matthews International Capital Management LLC raised its position in Gridsum Holding by 2,197.8% in the first quarter. Matthews International Capital Management LLC now owns 358,463 shares of the technology company’s stock worth $4,764,000 after buying an additional 342,863 shares during the period. Two Sigma Investments LP bought a new position in Gridsum Holding during the fourth quarter worth $184,000. New Silk Road Investment PTE Ltd. bought a new position in Gridsum Holding during the second quarter worth $459,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Gridsum Holding during the second quarter worth $124,000. Institutional investors and hedge funds own 26.90% of the company’s stock.
Shares of Gridsum Holding (GSUM) opened at 8.21 on Monday. The company’s market cap is $244.12 million. Gridsum Holding has a 12-month low of $7.76 and a 12-month high of $18.29.
Gridsum Holding (NASDAQ:GSUM) last announced its earnings results on Thursday, May 25th. The technology company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The company had revenue of $100.58 million during the quarter, compared to analyst estimates of $87.61 million. The firm’s revenue was up 57.3% on a year-over-year basis. Equities research analysts anticipate that Gridsum Holding will post ($0.06) EPS for the current year.
About Gridsum Holding
Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.
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