Baozun (NASDAQ:BZUN) Price Target Raised to $4.20

Baozun (NASDAQ:BZUN) had its target price boosted by Citigroup from $3.90 to $4.20 in a research note issued to investors on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

Separately, CLSA downgraded Baozun from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $2.80 to $2.20 in a report on Friday, August 30th.

Baozun Price Performance

Baozun stock opened at $2.70 on Tuesday. The business has a 50 day moving average of $3.08 and a 200-day moving average of $2.70. The company has a market capitalization of $162.51 million, a P/E ratio of -5.00 and a beta of 0.36. Baozun has a 1 year low of $1.90 and a 1 year high of $4.38.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $329.01 million during the quarter. Baozun had a negative net margin of 2.55% and a negative return on equity of 5.58%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new stake in shares of Baozun during the first quarter worth $35,000. Virtu Financial LLC bought a new stake in Baozun during the first quarter valued at $48,000. QRG Capital Management Inc. bought a new stake in Baozun during the third quarter valued at $50,000. Wolverine Trading LLC grew its holdings in Baozun by 42.5% during the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after acquiring an additional 4,545 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Baozun in the 2nd quarter worth about $55,000. Institutional investors own 47.29% of the company’s stock.

About Baozun

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.