Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) have earned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.7143.

Several equities analysts have issued reports on YMM shares. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Monday, January 12th. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a research report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a report on Monday, November 17th. Finally, Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th.

Institutional Investors Weigh In On Full Truck Alliance

Large investors have recently made changes to their positions in the company. Banque de Luxembourg S.A. purchased a new position in shares of Full Truck Alliance in the fourth quarter worth approximately $44,000. Hantz Financial Services Inc. raised its position in Full Truck Alliance by 642.0% in the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after acquiring an additional 3,274 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after acquiring an additional 4,000 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after acquiring an additional 2,845 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $51,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

YMM stock opened at $9.93 on Thursday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 18.74 and a beta of 0.22. Full Truck Alliance has a 1-year low of $9.45 and a 1-year high of $14.07. The business has a fifty day moving average price of $10.67 and a 200-day moving average price of $11.77.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.