Ispire Technology (NASDAQ:ISPR) Director Sells $14,625.00 in Stock

Ispire Technology Inc. (NASDAQ:ISPR) Director John Fargis sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $1.95, for a total value of $14,625.00. Following the transaction, the director directly owned 39,099 shares in the company, valued at approximately $76,243.05. This represents a 16.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ispire Technology Trading Up 4.6%

Shares of ISPR stock traded up $0.10 on Monday, reaching $2.28. 33,529 shares of the company’s stock were exchanged, compared to its average volume of 53,934. The company’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $2.62. Ispire Technology Inc. has a 52 week low of $1.44 and a 52 week high of $6.40. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $130.62 million, a PE ratio of -3.51 and a beta of 2.71.

Ispire Technology (NASDAQ:ISPR) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. Ispire Technology had a negative return on equity of 389.95% and a negative net margin of 31.14%.The company had revenue of $30.35 million for the quarter, compared to the consensus estimate of $43.00 million. As a group, analysts forecast that Ispire Technology Inc. will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Ispire Technology

A number of large investors have recently bought and sold shares of the business. Private Advisor Group LLC raised its stake in shares of Ispire Technology by 129.6% during the 3rd quarter. Private Advisor Group LLC now owns 34,148 shares of the company’s stock worth $87,000 after acquiring an additional 19,276 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Ispire Technology during the 1st quarter valued at $67,000. Finally, Bank of America Corp DE boosted its position in shares of Ispire Technology by 35.3% in the 4th quarter. Bank of America Corp DE now owns 19,156 shares of the company’s stock worth $96,000 after purchasing an additional 4,997 shares in the last quarter. Institutional investors own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ISPR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ispire Technology in a research note on Thursday. Zacks Research raised shares of Ispire Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.50.

Ispire Technology Company Profile

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.