Ispire Technology (NASDAQ:ISPR – Get Free Report) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.
Several other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Ispire Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Ispire Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.50.
Get Our Latest Analysis on ISPR
Ispire Technology Stock Performance
Ispire Technology (NASDAQ:ISPR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.15). The firm had revenue of $18.69 million for the quarter, compared to the consensus estimate of $22.60 million. Ispire Technology had a negative return on equity of 2,383.89% and a negative net margin of 38.20%. Equities research analysts forecast that Ispire Technology will post -0.36 earnings per share for the current year.
Institutional Investors Weigh In On Ispire Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of ISPR. Renaissance Technologies LLC acquired a new position in Ispire Technology in the 4th quarter worth about $28,000. JPMorgan Chase & Co. boosted its stake in shares of Ispire Technology by 28.5% during the third quarter. JPMorgan Chase & Co. now owns 18,529 shares of the company’s stock valued at $47,000 after purchasing an additional 4,107 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Ispire Technology by 78.1% during the fourth quarter. Wells Fargo & Company MN now owns 20,611 shares of the company’s stock worth $58,000 after purchasing an additional 9,037 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in shares of Ispire Technology during the fourth quarter worth about $64,000. Finally, Private Advisor Group LLC increased its stake in shares of Ispire Technology by 129.6% in the third quarter. Private Advisor Group LLC now owns 34,148 shares of the company’s stock valued at $87,000 after buying an additional 19,276 shares during the period. Institutional investors own 5.00% of the company’s stock.
About Ispire Technology
Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.
Further Reading
- Five stocks we like better than Ispire Technology
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for Ispire Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ispire Technology and related companies with MarketBeat.com's FREE daily email newsletter.
