Maxim Group Reiterates Hold Rating for Society Pass (NASDAQ:SOPA)

Society Pass (NASDAQ:SOPA)‘s stock had its “hold” rating restated by investment analysts at Maxim Group in a research report issued on Wednesday, Benzinga reports.

Separately, Litchfield Hills Research reissued a “buy” rating on shares of Society Pass in a report on Friday, December 22nd.

Society Pass Stock Performance

Shares of NASDAQ SOPA opened at $0.12 on Wednesday. The company’s fifty day moving average price is $0.17 and its 200 day moving average price is $0.24. Society Pass has a 1 year low of $0.10 and a 1 year high of $1.16. The company has a market capitalization of $4.02 million, a PE ratio of -0.19 and a beta of 1.19.

Hedge Funds Weigh In On Society Pass

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOPA. BlackRock Inc. lifted its holdings in Society Pass by 281.7% during the first quarter. BlackRock Inc. now owns 171,163 shares of the company’s stock valued at $509,000 after purchasing an additional 126,317 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Society Pass by 315.2% during the fourth quarter. Citadel Advisors LLC now owns 126,739 shares of the company’s stock valued at $39,000 after purchasing an additional 96,215 shares in the last quarter. State Street Corp lifted its holdings in Society Pass by 259.1% during the first quarter. State Street Corp now owns 130,573 shares of the company’s stock valued at $388,000 after purchasing an additional 94,212 shares in the last quarter. Virtu Financial LLC lifted its holdings in Society Pass by 296.0% during the fourth quarter. Virtu Financial LLC now owns 95,246 shares of the company’s stock valued at $29,000 after purchasing an additional 71,193 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Society Pass in the first quarter worth about $84,000. 3.09% of the stock is owned by hedge funds and other institutional investors.

About Society Pass

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.