Society Pass (NASDAQ:SOPA) Price Target Lowered to $14.00 at Ascendiant Capital Markets

Society Pass (NASDAQ:SOPA) had its price objective decreased by equities researchers at Ascendiant Capital Markets from $16.00 to $14.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock.

Society Pass Stock Performance

NASDAQ:SOPA opened at $0.79 on Monday. The stock has a 50-day simple moving average of $1.39 and a 200 day simple moving average of $1.19. Society Pass has a 52-week low of $0.64 and a 52-week high of $6.75. The company has a market cap of $2.88 million, a PE ratio of -0.15 and a beta of 1.45.

Society Pass (NASDAQ:SOPA) last issued its quarterly earnings results on Tuesday, April 15th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.84). The business had revenue of $1.87 million during the quarter. Society Pass had a negative net margin of 171.10% and a negative return on equity of 431.98%. On average, research analysts predict that Society Pass will post -2.65 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael Paul Dunn, Jr. bought 12,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the completion of the purchase, the director now owns 12,262 shares in the company, valued at approximately $354,617,040. This trade represents a 4,580.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.

Institutional Trading of Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC acquired a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.73% of Society Pass as of its most recent SEC filing. 3.09% of the stock is owned by institutional investors and hedge funds.

Society Pass Company Profile

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.