Society Pass (NASDAQ:SOPA) Stock Rating Upgraded by Greenridge Global

Society Pass (NASDAQ:SOPA) was upgraded by research analysts at Greenridge Global to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Society Pass Trading Up 9.3%

Shares of NASDAQ:SOPA opened at $1.17 on Monday. The company has a 50 day moving average of $1.85 and a 200-day moving average of $1.58. The firm has a market cap of $7.15 million, a P/E ratio of -0.48 and a beta of 1.96. Society Pass has a twelve month low of $0.64 and a twelve month high of $6.75.

Society Pass (NASDAQ:SOPA) last announced its earnings results on Friday, November 14th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.38 million for the quarter, compared to the consensus estimate of $2.40 million. Equities research analysts forecast 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 Society Pass Incorporated (NASDAQ:SOPA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.42% of Society Pass as of its most recent filing with the SEC. 3.09% of the stock is currently owned by institutional investors and hedge funds.

About Society Pass

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.