Fintel reports that on November 17, 2023, CLSA initiated coverage of Dada Nexus Ltd – ADR (NASDAQ:DADA) with Get over it recommendation
Analysis Price Forecast Suggests 134.40% Up
As of November 1, 2023, the average one-year price target for Dada Nexus Ltd – ADR is 9.17. The forecasts range from a low of 4.83 to a high of $21.74. The average price target represents an increase of 134.40% from its last reported closing price of 3.91.
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The projected annual revenue for Dada Nexus Ltd – ADR is 13,017MM, an increase of 19.05%. The projected annual non-GAAP EPS is 1.86.
What is the Basic Sense?
There are 123 funds or institutions reporting positions in Dada Nexus Ltd – ADR. This is a decrease of 21 owner(s) or 14.58% in the last quarter. Average portfolio weight of all funds dedicated to DADA is 0.58%, an increase of 21.74%. Total shares owned by institutions decreased in the last three months by 4.21% to 68,721K shares. DADA’s put/call ratio is 1.04, indicating a bearish outlook.
What Are Other Shareholders Doing?
Kaizen Capital Partners holds 12,282K shares representing 4.69% ownership of the company. In its previous filing, the company reported owning 11,493K shares, representing an increase of 6.42%. The company increased its portfolio allocation in DADA by 29.28% during the last quarter.
Jpmorgan Chase holds 8,622K shares representing 3.29% ownership of the company. In its previous filing, the company reported owning 9,305K shares, representing decline of 7.93%. The company decreased its portfolio allocation in DADA by 21.16% during the last quarter.
Baillie Gifford holds 7,490K shares representing 2.86% ownership of the company. In its previous filing, the company reported owning 7,414K shares, representing an increase of 1.01%. The company decreased its portfolio allocation in DADA by 66.70% during the last quarter.
Galileo holds 6,569K shares representing 2.51% ownership of the company. In its previous filing, the company reported owning 6,570K shares, representing decline of 0.01%. The company increased its portfolio allocation in DADA by 8.37% during the last quarter.
Tekne Capital Management holds 6,487K shares representing 2.48% ownership of the company. In its previous filing, the company reported owning 4,561K shares, representing an increase of 29.70%. The company increased its portfolio allocation in DADA by 41.80% during the last quarter.
Dada Nexus Background Information
(This description is provided by the company.)
Dada Group is a leading local on-demand retail and delivery platform in China. It operates JDDJ, one of China’s largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual shippers across various industries and product categories. The Company’s two platforms are interconnected and mutually beneficial. The Dada Now platform enables an enhanced delivery experience for participants on the JDDJ platform through its easily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform.
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This story originally appeared on Fintel.
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