News stories about Gridsum Holding (NASDAQ:GSUM) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gridsum Holding earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 44.7853848859044 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, Zacks Investment Research upgraded Gridsum Holding from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, May 30th.
Shares of Gridsum Holding (GSUM) opened at 8.46 on Friday. Gridsum Holding has a 52-week low of $6.76 and a 52-week high of $18.29.
Gridsum Holding (NASDAQ:GSUM) last issued its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $100.58 million for the quarter, compared to analyst estimates of $87.61 million. Gridsum Holding’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, equities research analysts anticipate that Gridsum Holding will post ($0.06) EPS for the current fiscal year.
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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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