Gaotu Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides foreign language courses comprising English and Japanese, as well as English test preparation courses for students taking post-graduate entrance exams; and professional courses primarily for working adults preparing for professional qualification exams, such as teacher's qualification, the Chartered Financial Analyst designation, securities qualification exams, and other exams. In addition, it offers admission courses for admission tests, including national graduate entrance examination, civil service examinations, and others; and Gaotu App, an interactive learning app to various student groups. Further, the company provides other courses, including offline business consulting courses to enhance management skills for principals and other officers of private education institutions; and develops and sells smart devices, such as multi-function translation pen, as well as teaching and learning tools, which includes smart learning machine. The company was formerly known as GSX Techedu Inc. and changed its name to Gaotu Techedu Inc. in June 2021. Gaotu Techedu Inc. was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2019
Exchange: NYSE
Website: https://ir.gaotu.cn
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/27/2024 | Buy → Sell | Citigroup | |
| 2/28/2024 | Underperform → Outperform | CLSA | |
| 1/3/2024 | $4.50 | Sell → Buy | Citigroup |
| 11/24/2023 | Neutral | Goldman | |
| 11/24/2023 | Buy → Hold | China Renaissance | |
| 8/31/2023 | Outperform → Underperform | CLSA | |
| 2/13/2023 | Underperform → Outperform | CLSA | |
| 12/30/2022 | $1.30 | Sell | Citigroup |
| 3/11/2022 | Sell → Underperform | CLSA |
BEIJING, Nov. 19, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the third quarter ended September 30, 2024, before U.S. markets open on Wednesday, December 4, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, December 4, 2024 (9:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120
BEIJING, Aug. 27, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights[1] Net revenues were RMB1,009.8 million, increased by 43.6% from RMB703.1 million in the same period of 2023.Gross billings[2] were RMB1,653.7 million, increased by 87.4% from RMB882.3 million in the same period of 2023.Loss from operations was RMB464.8 million, compared with income from operations of RMB43.3 million in the same period of 2023.Net loss was RMB429.6 million, comp
BEIJING, Aug. 5, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on Tuesday, August 27, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 27, 2024 (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120-6115 Passc
BEIJING, May 21, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights[1] Net revenues were RMB946.9 million, increased by 33.9% from RMB707.3 million in the same period of 2023.Gross billings[2] were RMB729.4 million, increased by 35.3% from RMB539.0 million in the same period of 2023.Loss from operations was RMB77.7 million, compared with income from operations of RMB95.1 million in the same period of 2023.Net loss was RMB12.3 million, compared wit
BEIJING, April 30, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on Tuesday, May 21, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 21, 2024 (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120-6115 Passcode:
BEIJING, April 25, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The annual report on Form 20-F can be accessed on the Company's investor relations website at https://ir.gaotu.cn/. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Gaotu
BEIJING, Feb. 27, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights[1] Net revenues were RMB761.0 million, increased by 20.9% from RMB629.6 million in the same period of 2022.Gross billings[2] were RMB1,278.1 million, increased by 28.1% from RMB997.4 million in the same period of 2022.Loss from operations was RMB187.9 million, compared with RMB13.2 million in the same period of 2022.Net loss was RMB119.6 million, compared wit
BEIJING, Feb. 5, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023, before U.S. markets open on Tuesday, February 27, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, February 27, 2024 (9:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainl
BEIJING, Jan. 22, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ:RTC), a one-stop AI video solution provider, today announced changes in its management and board of directors (the "Board"). Mr. Gangjiang Li has resigned as a member and chairman of the Board, a member and chairman of the compensation committee of the Board and the chief executive officer of the Company for personal reasons, effective from January 22, 2024. Mr. Ching Chiu has resigned as a director of the Company for personal reasons, effective from the same date. Their resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policie
BEIJING, Nov. 22, 2023 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights[1] Net revenues were RMB789.4 million, increased by 30.2% from RMB606.2 million in the same period of 2022.Gross billings[2] were RMB639.3 million, increased by 5.3% from RMB607.0 million in the same period of 2022.Loss from operations was RMB99.5 million, compared with loss from operations of RMB69.6 million in the same period of 2022.Non-GAAP loss from operations was RMB83.
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Gaotu Techedu (NYSE:GOTU) reported quarterly earnings of RMB0.42 per share. This is a 940 percent increase over losses of RMB(0.05) per share from the same period last year. The company reported quarterly sales of RMB946.885 million which beat the analyst consensus estimate of RMB943.701 million by 0.34 percent. This is a 33.87 percent increase over sales of RMB707.292 million the same period last year.
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CLSA analyst Jeffrey Chan upgrades Gaotu Techedu (NYSE:GOTU) from Underperform to Outperform and announces $8.65 price target.
Gainers Gaotu Techedu (NYSE:GOTU) shares rose 29.5% to $7.69 during Tuesday's regular session. The market value of their outstanding shares is at $2.0 billion. The company's, Q4 earnings came out today. Singing Machine Co (NASDAQ:MICS) stock increased by 28.58% to $0.95. The market value of their outstanding shares is at $6.0 million. Sonder Holdings (NASDAQ:SOND) shares moved upwards by 24.31% to $6.83. The market value of their outstanding shares is at $75.5 million. Jumia Technologies (NYSE:JMIA) stock increased by 19.56% to $5.56. The company's market cap stands at $559.4 million. Big Lots (NYSE:BIG) shares moved upwards by 18.32% to $5.23. The company's market cap stands at $152.8
6-K - Gaotu Techedu Inc. (0001768259) (Filer)
6-K - Gaotu Techedu Inc. (0001768259) (Filer)
20-F - Gaotu Techedu Inc. (0001768259) (Filer)
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6-K - Gaotu Techedu Inc. (0001768259) (Filer)
6-K - Gaotu Techedu Inc. (0001768259) (Filer)
6-K - Gaotu Techedu Inc. (0001768259) (Filer)
6-K - Gaotu Techedu Inc. (0001768259) (Filer)
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6-K - Gaotu Techedu Inc. (0001768259) (Filer)
BEIJING, Nov. 19, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the third quarter ended September 30, 2024, before U.S. markets open on Wednesday, December 4, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, December 4, 2024 (9:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120
BEIJING, Aug. 27, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights[1] Net revenues were RMB1,009.8 million, increased by 43.6% from RMB703.1 million in the same period of 2023.Gross billings[2] were RMB1,653.7 million, increased by 87.4% from RMB882.3 million in the same period of 2023.Loss from operations was RMB464.8 million, compared with income from operations of RMB43.3 million in the same period of 2023.Net loss was RMB429.6 million, comp
BEIJING, Aug. 5, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on Tuesday, August 27, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 27, 2024 (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120-6115 Passc
BEIJING, May 21, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights[1] Net revenues were RMB946.9 million, increased by 33.9% from RMB707.3 million in the same period of 2023.Gross billings[2] were RMB729.4 million, increased by 35.3% from RMB539.0 million in the same period of 2023.Loss from operations was RMB77.7 million, compared with income from operations of RMB95.1 million in the same period of 2023.Net loss was RMB12.3 million, compared wit
BEIJING, April 30, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on Tuesday, May 21, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 21, 2024 (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120-6115 Passcode:
BEIJING, Feb. 27, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights[1] Net revenues were RMB761.0 million, increased by 20.9% from RMB629.6 million in the same period of 2022.Gross billings[2] were RMB1,278.1 million, increased by 28.1% from RMB997.4 million in the same period of 2022.Loss from operations was RMB187.9 million, compared with RMB13.2 million in the same period of 2022.Net loss was RMB119.6 million, compared wit
BEIJING, Feb. 5, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023, before U.S. markets open on Tuesday, February 27, 2024. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, February 27, 2024 (9:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainl
BEIJING, Nov. 22, 2023 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights[1] Net revenues were RMB789.4 million, increased by 30.2% from RMB606.2 million in the same period of 2022.Gross billings[2] were RMB639.3 million, increased by 5.3% from RMB607.0 million in the same period of 2022.Loss from operations was RMB99.5 million, compared with loss from operations of RMB69.6 million in the same period of 2022.Non-GAAP loss from operations was RMB83.
BEIJING, Aug. 30, 2023 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE:GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights[1] Net revenues were RMB703.1 million, increased by 30.7% from RMB537.8 million in the same period of 2022.Gross billings[2] were RMB882.3 million, increased by 44.2% from RMB611.7 million in the same period of 2022.Income from operations increased by 171.6% year-over-year to RMB43.3 million for the second quarter of 2023.Non-GAAP income from operations increased by 601.1% year-o
BEIJING, Aug. 8, 2023 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE:GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2023, before U.S. markets open on Wednesday, August 30, 2023. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 30, 2023 (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows: International: +1-412-317-6061 United States: +1-888-317-6003 Hong Kong: 800-963-976 Mainland China: 400-120-6115 Pa
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BEIJING, Oct. 12, 2023 /PRNewswire/ -- So-Young International Inc. (NASDAQ:SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that Mr. Min Yu, Mr. Xuejian Li, Mr. Charles Zhaoxuan Yang and Mr. Harry Jiannan Wang have tendered their resignations as directors of the Company for personal reasons, effective as of October 12, 2023. The board of directors of the Company (the "Board") has approved the appointment of Ms. Nan Shen as an independent director of the Company where she will serve as the chair of the audit committee and as a member of the compensat
Citigroup downgraded Gaotu Techedu from Buy to Sell
CLSA upgraded Gaotu Techedu from Underperform to Outperform
Citigroup upgraded Gaotu Techedu from Sell to Buy and set a new price target of $4.50
Goldman initiated coverage of Gaotu Techedu with a rating of Neutral
China Renaissance downgraded Gaotu Techedu from Buy to Hold
CLSA downgraded Gaotu Techedu from Outperform to Underperform
CLSA upgraded Gaotu Techedu from Underperform to Outperform
Citigroup resumed coverage of Gaotu Techedu with a rating of Sell and set a new price target of $1.30
CLSA upgraded Gaotu Techedu from Sell to Underperform