SunCar Technology Group (NASDAQ:SDA) Research Coverage Started at Oppenheimer

Oppenheimer began coverage on shares of SunCar Technology Group (NASDAQ:SDA) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $3.50 target price on the stock.

SunCar Technology Group Trading Down 2.0%

Shares of SDA opened at $2.87 on Tuesday. SunCar Technology Group has a 52 week low of $2.41 and a 52 week high of $11.74. The stock has a fifty day moving average of $2.82 and a 200-day moving average of $5.74.

SunCar Technology Group (NASDAQ:SDA) last posted its earnings results on Wednesday, May 21st. The company reported ($0.03) EPS for the quarter. The business had revenue of $102.60 million for the quarter. Sell-side analysts predict that SunCar Technology Group will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SunCar Technology Group

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in shares of SunCar Technology Group during the fourth quarter valued at approximately $69,000. Marshall Wace LLP bought a new stake in shares of SunCar Technology Group during the 4th quarter valued at $100,000. XTX Topco Ltd raised its position in shares of SunCar Technology Group by 21.7% during the 4th quarter. XTX Topco Ltd now owns 26,773 shares of the company’s stock valued at $258,000 after purchasing an additional 4,767 shares during the period. Geode Capital Management LLC increased its holdings in SunCar Technology Group by 42.7% in the 4th quarter. Geode Capital Management LLC now owns 34,865 shares of the company’s stock valued at $336,000 after acquiring an additional 10,431 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in SunCar Technology Group by 33.6% in the 4th quarter. Invesco Ltd. now owns 43,851 shares of the company’s stock valued at $423,000 after acquiring an additional 11,033 shares during the last quarter. 0.26% of the stock is owned by institutional investors.

About SunCar Technology Group

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.