TAL Education Group (NYSE:TAL) Shares Gap Down – Here’s Why

TAL Education Group (NYSE:TAL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $14.45, but opened at $13.90. TAL Education Group shares last traded at $13.36, with a volume of 2,253,305 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. UBS Group increased their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday, January 24th.

TAL Education Group Price Performance

The stock’s 50-day moving average is $11.40 and its two-hundred day moving average is $10.34. The stock has a market cap of $8.19 billion, a P/E ratio of 71.24 and a beta of 0.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of TAL Education Group in the fourth quarter valued at approximately $40,000. Point72 DIFC Ltd purchased a new stake in TAL Education Group during the 3rd quarter worth approximately $48,000. iA Global Asset Management Inc. acquired a new position in shares of TAL Education Group in the fourth quarter valued at about $79,000. Blue Trust Inc. raised its holdings in shares of TAL Education Group by 134.2% during the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after purchasing an additional 4,403 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of TAL Education Group during the 4th quarter valued at about $114,000. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Company Profile

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.