Citigroup Forecasts Strong Price Appreciation for Baozun (NASDAQ:BZUN) Stock

Baozun (NASDAQ:BZUN) had its price objective boosted by stock analysts at Citigroup from $3.90 to $4.20 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 64.06% from the company’s previous close.

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

Baozun Price Performance

Shares of BZUN stock traded up $0.03 during trading hours on Tuesday, hitting $2.56. 40,378 shares of the company’s stock were exchanged, compared to its average volume of 520,422. Baozun has a 52 week low of $1.90 and a 52 week high of $4.38. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $2.70. The stock has a market cap of $154.09 million, a price-to-earnings ratio of -4.74 and a beta of 0.36.

Baozun (NASDAQ:BZUN) last released its earnings results on Wednesday, August 28th. The technology company reported ($0.07) EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On Baozun

A number of institutional investors have recently bought and sold shares of BZUN. QRG Capital Management Inc. bought a new stake in shares of Baozun in the third quarter valued at about $50,000. Wolverine Trading LLC grew its position in shares of 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 purchasing an additional 4,545 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Baozun in the first quarter valued at approximately $35,000. SG Americas Securities LLC acquired a new stake in Baozun during the third quarter worth approximately $69,000. Finally, Virtu Financial LLC bought a new stake in shares of Baozun during the 1st quarter valued at $48,000. Institutional investors and hedge funds 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.