Gridsum Holding (NASDAQ:GSUM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.

Zacks has also given Gridsum Holding an industry rank of 114 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Gridsum Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st.

Hedge funds have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC acquired a new stake in Gridsum Holding during the second quarter valued at approximately $124,000. New Silk Road Investment PTE Ltd. purchased a new stake in shares of Gridsum Holding during the second quarter valued at approximately $459,000. Finally, Matthews International Capital Management LLC increased its stake in shares of Gridsum Holding by 2,197.8% in the first quarter. Matthews International Capital Management LLC now owns 358,463 shares of the technology company’s stock valued at $4,764,000 after buying an additional 342,863 shares during the period. 26.95% of the stock is owned by institutional investors and hedge funds.

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Shares of Gridsum Holding (NASDAQ:GSUM) traded up 1.37% on Tuesday, hitting $8.16. The company had a trading volume of 2,217 shares. The firm’s market capitalization is $242.64 million. Gridsum Holding has a 12 month low of $7.20 and a 12 month high of $18.29.

Gridsum Holding (NASDAQ:GSUM) last released its earnings results on Thursday, May 25th. The technology company reported ($0.28) EPS for the quarter, missing the consensus estimate 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. The firm’s revenue for the quarter was up 57.3% compared to the same quarter last year. Analysts anticipate that Gridsum Holding will post ($0.06) EPS for the current year.

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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