Jianpu Technology (JT) Price Target Cut to $7.50

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Jianpu Technology (NYSE:JT) had its price objective trimmed by JPMorgan Chase & Co. from $8.00 to $7.50 in a research note released on Thursday, June 21st. The brokerage currently has a neutral rating on the stock.

Separately, Zacks Investment Research cut shares of Jianpu Technology from a hold rating to a sell rating in a research note on Friday, March 9th.

Jianpu Technology stock opened at $6.61 on Thursday. Jianpu Technology has a one year low of $4.75 and a one year high of $9.49.

A number of hedge funds have recently made changes to their positions in the business. Raymond James & Associates bought a new position in shares of Jianpu Technology during the fourth quarter worth $145,000. Citadel Advisors LLC acquired a new stake in Jianpu Technology in the 4th quarter valued at $828,000. TIAA CREF Investment Management LLC acquired a new stake in Jianpu Technology in the 4th quarter valued at $2,430,000. Millennium Management LLC acquired a new stake in Jianpu Technology in the 4th quarter valued at $2,722,000. Finally, Yiheng Capital LLC acquired a new stake in Jianpu Technology in the 4th quarter valued at $4,524,000. 12.61% of the stock is currently owned by hedge funds and other institutional investors.

About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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