(Ticker Report) – Creative Planning purchased a new position in Niu Technologies (NASDAQ:NIU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,109 shares of the company’s stock, valued at approximately $732,000. Creative Planning owned about 0.05% of Niu Technologies as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Niu Technologies during the 2nd quarter worth approximately $126,000. Envestnet Asset Management Inc. bought a new stake in shares of Niu Technologies during the third quarter worth $205,000. Marshall Wace North America L.P. bought a new stake in shares of Niu Technologies during the second quarter worth $227,000. Leap Investments LP bought a new stake in shares of Niu Technologies during the second quarter worth $246,000. Finally, State Street Corp raised its position in shares of Niu Technologies by 104.3% during the first quarter. State Street Corp now owns 39,600 shares of the company’s stock worth $276,000 after acquiring an additional 20,216 shares during the last quarter. Hedge funds and other institutional investors own 18.26% of the company’s stock.
NASDAQ NIU opened at $31.89 on Thursday. Niu Technologies has a 12-month low of $6.08 and a 12-month high of $37.44. The company has a market capitalization of $2.38 billion, a PE ratio of 113.89, a price-to-earnings-growth ratio of 2.54 and a beta of 1.02. The firm’s 50 day moving average is $27.93 and its 200-day moving average is $19.45.
Niu Technologies (NASDAQ:NIU) last released its earnings results on Monday, August 17th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Niu Technologies had a net margin of 7.63% and a return on equity of 20.01%. The business had revenue of $91.29 million during the quarter, compared to analysts’ expectations of $98.55 million. On average, sell-side analysts predict that Niu Technologies will post 0.42 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of Niu Technologies in a research report on Friday, October 9th. BidaskClub upgraded shares of Niu Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 5th. Piper Sandler raised their target price on shares of Niu Technologies from $25.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Zacks Investment Research upgraded shares of Niu Technologies from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, August 19th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Niu Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.50 to $40.00 in a report on Friday, November 6th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $28.94.
About Niu Technologies
Niu Technologies designs, manufactures, and sells smart electric-scooters in the People’s Republic of China. The company offers NQi, MQi, UQi, and Gova series e-scooters; RQi and TQi series urban commuter electric motorcycles; and NIU Aero series professional mountain and road bicycles under the NIU brand name.