TAL Education Group (NYSE:TAL) Shares Gap Down – Time to Sell?

TAL Education Group (NYSE:TAL) shares gapped down prior to trading 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 traded.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Price Performance

The firm has a 50-day moving average of $10.30 and a 200-day moving average of $9.91. The stock has a market cap of $6.05 billion, a PE ratio of 90.91 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data 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 net margin of 3.94% and a return on equity of 1.97%. The business had revenue of $619.36 million during the quarter, compared to analyst estimates of $609.51 million. During the same period last year, the firm posted $0.06 EPS. Equities analysts forecast that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Large investors have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in TAL Education Group during the 3rd quarter valued at approximately $48,000. EverSource Wealth Advisors LLC boosted 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 last quarter. Blue Trust Inc. boosted its position in shares of TAL Education Group by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after acquiring an additional 4,403 shares during the last quarter. DRW Securities LLC purchased a new position in shares of TAL Education Group in the third quarter valued at $128,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in 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 purchasing an additional 12,984 shares during the last quarter. 37.79% of the stock is owned by 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.