Society Pass (NASDAQ:SOPA) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Society Pass (NASDAQ:SOPA) to a strong sell rating in a report published on Saturday.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research report on Monday, December 15th. Ascendiant Capital Markets increased their price target on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Zacks Research downgraded Society Pass from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.50.

Society Pass Trading Up 9.3%

SOPA stock opened at $1.17 on Friday. The stock has a market capitalization of $7.15 million, a price-to-earnings ratio of -0.48 and a beta of 1.96. The firm’s 50-day moving average price is $1.85 and its two-hundred day moving average price is $1.58. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75.

Society Pass (NASDAQ:SOPA) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.82). Society Pass had a negative net margin of 145.99% and a negative return on equity of 343.41%. The business had revenue of $1.38 million for the quarter, compared to analysts’ expectations of $2.40 million. Equities analysts predict that Society Pass will post -2.65 EPS for the current year.

Hedge Funds Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd bought a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.42% of Society Pass as of its most recent filing with the Securities & Exchange Commission. 3.09% of the stock is currently owned by institutional investors.

Society Pass Company Profile

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.