TAL Education Group (NYSE:TAL) Shares Gap Down – Should You Sell?

TAL Education Group (NYSE:TAL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.02, but opened at $9.80. TAL Education Group shares last traded at $9.98, with a volume of 435,762 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Down 0.2 %

The firm has a market capitalization of $6.05 billion, a P/E ratio of 90.91 and a beta of 0.01. The company has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $9.91.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The firm had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. During the same period in the prior year, the company posted $0.06 earnings per share. As a group, equities analysts expect that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after acquiring an additional 2,186 shares during the period. Point72 DIFC Ltd bought a new stake in TAL Education Group during the third quarter valued at about $48,000. Blue Trust Inc. increased its position in TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after buying an additional 4,403 shares in the last quarter. DRW Securities LLC purchased a new stake in TAL Education Group in the third quarter worth about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of TAL Education Group by 1,298,400.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock worth $154,000 after buying an additional 12,984 shares during the period. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.