Gridsum Holding Inc – (GSUM) Upgraded at Zacks Investment Research
Gridsum Holding Inc – (NASDAQ:GSUM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage presently has a $15.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 10.29% from the company’s current price.
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. “
Shares of Gridsum Holding Inc – (NASDAQ:GSUM) traded up 4.13% during midday trading on Monday, reaching $13.60. The company’s stock had a trading volume of 36,659 shares. The company’s market cap is $390.73 million. Gridsum Holding Inc – has a 12 month low of $9.90 and a 12 month high of $18.29. The stock has a 50-day moving average of $12.03 and a 200 day moving average of $13.45.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/gridsum-holding-inc-gsum-upgraded-at-zacks-investment-research.html
Your IP Address:
A number of institutional investors have recently modified their holdings of GSUM. 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 company’s stock valued at $159,000 after buying an additional 600 shares during the last quarter. 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 company’s stock valued at $1,779,000 after buying an additional 41,886 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Gridsum Holding Inc – during the fourth quarter valued at about $184,000.
About Gridsum Holding Inc –
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gridsum Holding Inc - Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gridsum Holding Inc - and related companies with MarketBeat.com's FREE daily email newsletter.