BofA Securities downgraded 17 Education & Technology Group from Buy to Underperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2021 | Buy → Underperform | BofA Securities |
BEIJING, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights1 Net revenues were RMB67.5 million (US$9.3 million), compared with net revenues of RMB69.2 million in the second quarter of 2023.Gross margin was 16.0%, compared with 48.3% in the second quarter of 2023.Net loss was RMB55.7 million (US$7.7 million), compared with net loss of RMB47.9 million in the second quarter of 2023.Net loss as a percentage of net revenues was negative 82.5% in the second quarter of 2024,
BEIJING, Aug. 29, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, on September 4, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, September 04, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, September 05, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to preregister online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all pa
BEIJING, June 06, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1 Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023.Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023.Net loss was RMB56.1 million (US$7.8 million), compared with net loss of RMB92.5 million in the first quarter of 2023.Net loss as a percentage of net revenues was negative 219.9% in the first quarter of 2024, compar
BEIJING, Dec. 02, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China with an "in-school + after-school" integrated model, announced today that Mr. Minghui Wu has been appointed as a new independent director to the Company's board of directors (the "Board"), effective on December 2, 2021. After the changes, the Board will consist of seven directors, three of whom are independent directors. Concurrent with the appointment of Mr. Wu, the Board has approved to further update the composition of the Board's committees in furtherance of good corporate governance. The Board's three committees wil
SC 13D - 17 Education & Technology Group Inc. (0001821468) (Subject)
SC 13G/A - 17 Education & Technology Group Inc. (0001821468) (Subject)
SC 13G/A - 17 Education & Technology Group Inc. (0001821468) (Subject)
6-K - 17 Education & Technology Group Inc. (0001821468) (Filer)
6-K - 17 Education & Technology Group Inc. (0001821468) (Filer)
20-F - 17 Education & Technology Group Inc. (0001821468) (Filer)
BofA Securities downgraded 17 Education & Technology Group from Buy to Underperform
Morgan Stanley downgraded 17 Education & Technology from Overweight to Underweight and set a new price target of $3.00
Goldman downgraded 17 Education & Technology Group from Buy to Neutral
BEIJING, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights1 Net revenues were RMB67.5 million (US$9.3 million), compared with net revenues of RMB69.2 million in the second quarter of 2023.Gross margin was 16.0%, compared with 48.3% in the second quarter of 2023.Net loss was RMB55.7 million (US$7.7 million), compared with net loss of RMB47.9 million in the second quarter of 2023.Net loss as a percentage of net revenues was negative 82.5% in the second quarter of 2024,
BEIJING, Aug. 29, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, on September 4, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, September 04, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, September 05, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to preregister online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all pa
BEIJING, June 06, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1 Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023.Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023.Net loss was RMB56.1 million (US$7.8 million), compared with net loss of RMB92.5 million in the first quarter of 2023.Net loss as a percentage of net revenues was negative 219.9% in the first quarter of 2024, compar
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