Society Pass’ (SOPA) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Society Pass (NASDAQ:SOPA) in a research report sent to investors on Tuesday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen upgraded Society Pass to a “hold” rating in a research report on Saturday, July 12th. Ascendiant Capital Markets boosted their price target on Society Pass from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.00.

Society Pass Trading Down 9.0%

NASDAQ SOPA opened at $2.52 on Tuesday. The business’s 50 day moving average is $1.66 and its two-hundred day moving average is $1.32. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75. The stock has a market capitalization of $15.40 million, a price-to-earnings ratio of -1.25 and a beta of 1.78.

Society Pass (NASDAQ:SOPA) last released its earnings results on Wednesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.34. The business had revenue of $2.50 million for the quarter, compared to analyst estimates of $1.50 million. Equities analysts forecast that Society Pass will post -2.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Society Pass

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) during the 2nd quarter, according to the company in its most recent Form 13F filing 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 approximately 0.42% of Society Pass at the end of the most recent reporting period. Institutional investors own 3.09% of the company’s stock.

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.