MoneyHero (NASDAQ:MNY) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS

MoneyHero (NASDAQ:MNY) released its quarterly earnings results on Friday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11), RTT News reports. MoneyHero had a negative net margin of 22.13% and a negative return on equity of 31.70%. During the same period last year, the company posted $0.10 EPS.

MoneyHero Stock Performance

Shares of MoneyHero stock opened at $1.60 on Friday. The firm has a market capitalization of $67.06 million, a P/E ratio of -3.20 and a beta of 1.23. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.36. MoneyHero has a 12 month low of $0.55 and a 12 month high of $2.40.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MNY shares. Weiss Ratings reissued a “sell (e+)” rating on shares of MoneyHero in a research report on Friday, November 28th. Wall Street Zen lowered shares of MoneyHero from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MoneyHero presently has a consensus rating of “Moderate Buy” and an average price target of $4.00.

Hedge Funds Weigh In On MoneyHero

A hedge fund recently bought a new stake in MoneyHero stock. Virtu Financial LLC acquired a new position in shares of MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.06% of MoneyHero as of its most recent filing with the Securities and Exchange Commission (SEC). 30.86% of the stock is currently owned by institutional investors and hedge funds.

About MoneyHero

MoneyHero Limited operates as a personal finance company. It engages in operation of online financial comparison platforms and related services. The company offers its products under Money Hero, SingSaver, Money101, MoneyMax, CompareHero, Seedly, and Creatory brands. MoneyHero Limited operates in Singapore, Hong Kong, Taiwan, the Philippines, Malaysia, and Thailand.