Society Pass (NASDAQ:SOPA) Price Target Raised to $18.00

Society Pass (NASDAQ:SOPA) had its price objective boosted by Ascendiant Capital Markets from $15.00 to $18.00 in a report issued on Friday morning, MarketBeat.com reports. Ascendiant Capital Markets currently has a buy rating on the stock.

Separately, Wall Street Zen raised shares of Society Pass to a “hold” rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.00.

Society Pass Trading Up 21.3%

SOPA stock opened at $1.41 on Friday. The business’s fifty day moving average price is $1.24 and its 200 day moving average price is $1.17. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75. The company has a market capitalization of $8.61 million, a PE ratio of -0.70 and a beta of 1.78.

Society Pass (NASDAQ:SOPA) last announced its earnings results on Wednesday, August 13th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.34. The firm had revenue of $2.50 million for the quarter, compared to analysts’ expectations of $1.50 million. Research analysts predict that Society Pass will post -2.65 EPS for the current fiscal year.

Institutional Trading of 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) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

About Society Pass

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.