Yatsen (NYSE: YSG) demoted to “Hold” at Zacks Investment Research

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Yatsen (NYSE: YSG) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a research report released Saturday for clients and investors, Zacks.com reports.

According to Zacks, “Yatsen Holding Limited is engaged in the development and sale of beauty products. The company offers color cosmetics, eye makeup, lip makeup, face makeup, beauty products. skin and nail care; makeup tools and accessories, including brush sets, cosmetic cotton pads, makeup mirrors and sponges; kits; and other products. Its brand portfolio includes Perfect Diary, Little Ondine and Abby’s Choice Yatsen Holding Limited is based in Guangzhou, China.

NYSE: YSG shares opened at $ 2.15 on Friday. The company has a market cap of $ 961.56 million and a P / E ratio of -2.42. Yatsen has a one-year low of $ 1.79 and a one-year high of $ 25.47. The company’s 50-day simple moving average is $ 2.61 and its 200-day simple moving average is $ 5.25.

Yatsen (NYSE: YSG) last released its quarterly earnings data on Wednesday, November 17. The company reported ($ 0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($ 0.11) from ($ 0.23). Yatsen recorded a negative return on equity of 35.40% and a negative net margin of 41.35%. Equity research analysts expect Yatsen to post EPS of -0.36 for the current year.

A number of hedge funds have recently bought and sold shares in the company. MARSHALL WACE ASIA Ltd purchased a new stake in Yatsen shares in the 2nd quarter valued at approximately $ 3,037,000. 1832 Asset Management LP strengthened its position in Yatsen by 29.9% during the 2nd quarter. 1832 Asset Management LP now owns 825,000 shares of the company valued at $ 7,734,000 after purchasing an additional 190,000 shares during the period. Laurion Capital Management LP strengthened its position in Yatsen by 97.4% during the 2nd quarter. Laurion Capital Management LP now owns 29,611 shares of the company valued at $ 277,000 after purchasing an additional 14,611 shares during the period. Tree Line Advisors Hong Kong Ltd. strengthened its position in Yatsen by 100.0% in the second quarter. Tree Line Advisors Hong Kong Ltd. now owns 2,900,000 shares of the company valued at $ 27,173,000 after purchasing an additional 1,450,000 shares during the period. Finally, FMR LLC strengthened its position in Yatsen by 167,401.7% during the second quarter. FMR LLC now owns 3,313,183 shares of the company valued at $ 31,044,000 after purchasing an additional 3,311,205 shares during the period. Institutional investors hold 29.84% of the company’s shares.

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Yatsen Company Profile

Yatsen Holding Limited is engaged in the development and sale of beauty products under the Perfect Diary, Little Ondine and Abby’s Choice brands in the People’s Republic of China. The company offers color cosmetics, eye makeup, lip makeup, face makeup, skin care and nail products; makeup tools and accessories, including brush sets, cotton cosmetic pads, makeup mirrors and sponges; kits; and other products, such as perfumes and cross products, including beauty devices and colored contact lenses.

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