Analysts Expect Jianpu Technology Inc – (JT) to Post ($0.02) Earnings Per Share

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Shares of Jianpu Technology Inc – (NYSE:JT) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokerages have set a 12 month consensus target price of $5.83 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Jianpu Technology an industry rank of 163 out of 255 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on JT shares. JPMorgan Chase & Co. reduced their price target on Jianpu Technology from $8.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, June 21st. Zacks Investment Research raised Jianpu Technology from a “sell” rating to a “hold” rating in a report on Thursday, August 30th.

Several institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Jianpu Technology by 11.9% during the second quarter. Wells Fargo & Company MN now owns 6,808,993 shares of the company’s stock valued at $45,007,000 after acquiring an additional 724,493 shares during the last quarter. Yiheng Capital LLC raised its holdings in shares of Jianpu Technology by 42.3% during the second quarter. Yiheng Capital LLC now owns 4,117,708 shares of the company’s stock valued at $27,218,000 after acquiring an additional 1,223,801 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Jianpu Technology by 87.0% during the second quarter. Baillie Gifford & Co. now owns 1,897,456 shares of the company’s stock valued at $12,542,000 after acquiring an additional 882,614 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Jianpu Technology by 1.4% during the first quarter. BlackRock Inc. now owns 1,567,922 shares of the company’s stock valued at $8,670,000 after acquiring an additional 21,833 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Jianpu Technology by 3.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,263,114 shares of the company’s stock valued at $8,349,000 after acquiring an additional 39,080 shares during the last quarter. 12.43% of the stock is owned by institutional investors and hedge funds.

NYSE JT traded up $0.02 during trading hours on Thursday, reaching $4.32. The company’s stock had a trading volume of 36,086 shares, compared to its average volume of 118,265. The stock has a market capitalization of $705.97 million and a price-to-earnings ratio of -18.78. Jianpu Technology has a 1-year low of $4.01 and a 1-year high of $9.49.

About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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