BlueCity Holdings (BLCT) Receives a Buy from Oppenheimer

In a report released today, Bo Pei CFA from Oppenheimer maintained a Buy rating on BlueCity Holdings (BLCTResearch Report), with a price target of $15.00. The company’s shares closed last Thursday at $7.11, close to its 52-week low of $6.30.

According to TipRanks.com, CFA is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.4% and a 25.0% success rate. CFA covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Tencent Holdings, and Aurora Mobile.

BlueCity Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.

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Based on BlueCity Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $279 million and GAAP net loss of $73.08 million. In comparison, last year the company earned revenue of $224 million and had a GAAP net loss of $7.22 million.

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BlueCity Holdings Ltd is an internet company. It offers Blued mobile app; Danlan Public Interest which provides public health services; He Health is a health service platform focused on men’s health by providing online health services; Bluedbaby is personalized family planning services platform. The company generates revenues from live streaming, advertising, membership and other services. The company geographically operates through China market.