Futu (NASDAQ:FUTU) PT Raised to $80.20

Futu (NASDAQ: FUTU – Get a Free Report) their price target was boosted by investment analysts at Bank of America from $77.60 to $80.20 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America’s price objective indicates a potential upside of 27.83% from the company’s previous close.

Separately, JPMorgan Chase & Co. upgraded shares of Futu from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $62.00 to $92.00 in a research report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Futu presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.57, based on data from MarketBeat.

Get the latest stock analysis on FUTU

Futu Stock 0.1%

Shares of FUTU stock opened at $62.74 on Wednesday. Futu has a 12-month low of $43.61 and a 12-month high of $81.86. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 0.93 and a beta of 0.74. The company’s fifty day simple moving average is $63.92 and two hundred day simple moving average is $62.45.

Futu (NASDAQ:FUTU – Get Your Free Report ) last released its quarterly earnings data on Tuesday, May 28th. The company reported $0.95 earnings per share for the quarter. Futu had a net margin of 40.86% and a return on equity of 17.16%. The business had revenue of $331.27 million for the quarter. In the same quarter last year, the firm earned $1.08 EPS. As a group, equities research analysts expect that Futu will post 4.59 EPS for the current year.

Institutional inputs and outputs

A number of hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its stake in Futu by 3.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,346 shares of the company’s stock worth $394,000 after acquiring an additional 230 shares during the period. Signaturefd LLC boosted its stake in Futu by 8.4% in the second quarter. Signaturefd LLC now owns 3,205 shares of the company’s stock worth $210,000 after acquiring an additional 247 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Futu by 6.5% in the first quarter. Sequoia Financial Advisors LLC now owns 4,387 shares of the company’s stock worth $238,000 after acquiring an additional 269 shares during the period. Daiwa Securities Group Inc. raised its stake in Futu by 8.6% in the first quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the company’s stock worth $206,000 after acquiring an additional 300 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in Futu by 3.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,123 shares of the company’s stock worth $602,000 after acquiring an additional 343 shares during the period.

About Futu

(Get a free report)

Futu Holdings Limited provides digitized securities brokerage and wealth management product distribution services in Hong Kong and internationally. It offers online financial services including securities brokerage and derivatives trading, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.

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