FNY Investment Advisers LLC Purchases New Shares in DatChat, Inc. (NASDAQ:DATS)

FNY Investment Advisers LLC acquired a new stake in shares of DatChat, Inc. (NASDAQ:DATS) during the first quarter, Holdings Channel reports. The fund acquired 72,500 shares of the company’s stock, valued at approximately $279,000.

Separately, Renaissance Technologies LLC bought a new position in DatChat during the 4th quarter valued at $55,000. 0.92% of the stock is owned by institutional investors.

DatChat Price Performance

NASDAQ DATS opened at $2.60 on Monday. DatChat, Inc. has a 12 month low of $1.01 and a 12 month high of $9.34. The company has a market capitalization of $10.94 million, a price-to-earnings ratio of -1.27 and a beta of 1.98. The company’s fifty day moving average price is $2.57 and its two-hundred day moving average price is $2.73.

DatChat (NASDAQ:DATS) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.36) EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of DatChat from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th.

DatChat Company Profile

DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.