Gridsum Holding Inc – (GSUM) Trimmed to Hold at Zacks Investment Research

Gridsum Holding Inc – (GSUM) Trimmed to Hold at Zacks Investment Research

Gridsum Holding Inc – (NASDAQ:GSUM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Gridsum Holding Inc. is a provider of data analysis software for multinational and domestic enterprises and government agencies primarily in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. Gridsum Holding Inc. is based in Beijing, China. “

Gridsum Holding Inc – (NASDAQ GSUM) traded up 1.24% during midday trading on Wednesday, reaching $12.25. 406,899 shares of the company’s stock traded hands. The company’s market cap is $364.25 million. The stock has a 50-day moving average of $12.18 and a 200 day moving average of $12.39. Gridsum Holding Inc – has a 52-week low of $9.90 and a 52-week high of $18.29.

Gridsum Holding Inc – (NASDAQ:GSUM) last issued its earnings results on Thursday, May 25th. The technology company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The business had revenue of $100.58 million during the quarter, compared to analysts’ expectations of $87.61 million. Gridsum Holding Inc -‘s quarterly revenue was up 57.3% on a year-over-year basis. On average, analysts anticipate that Gridsum Holding Inc – will post ($0.06) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Matthews International Capital Management LLC increased its position in shares of Gridsum Holding Inc – by 4.0% in the fourth quarter. Matthews International Capital Management LLC now owns 15,600 shares of the technology company’s stock valued at $159,000 after buying an additional 600 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Gridsum Holding Inc – during the fourth quarter valued at approximately $184,000. Finally, Marshall Wace LLP increased its position in shares of Gridsum Holding Inc – by 31.6% in the fourth quarter. Marshall Wace LLP now owns 174,559 shares of the technology company’s stock valued at $1,779,000 after buying an additional 41,886 shares during the last quarter.

Gridsum Holding Inc – Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GSUM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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