Society Pass (NASDAQ:SOPA) Given New $18.00 Price Target at Ascendiant Capital Markets

Society Pass (NASDAQ:SOPA) had its price objective raised by Ascendiant Capital Markets from $15.00 to $18.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Wall Street Zen upgraded Society Pass to a “hold” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.00.

Society Pass Price Performance

Shares of NASDAQ:SOPA opened at $1.41 on Friday. The stock has a market cap of $8.61 million, a P/E ratio of -0.70 and a beta of 1.78. The firm has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.17. Society Pass has a 1-year low of $0.64 and a 1-year high of $6.75.

Society Pass (NASDAQ:SOPA) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.34. The business had revenue of $2.50 million during the quarter, compared to analyst estimates of $1.50 million. Sell-side analysts expect that Society Pass will post -2.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd purchased a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.42% of Society Pass as of its most recent SEC filing. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

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.