Antalpha Platform (NASDAQ:ANTA) Given New $9.50 Price Target at B. Riley Financial

Antalpha Platform (NASDAQ:ANTA) had its price objective cut by investment analysts at B. Riley Financial from $10.00 to $9.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s price target would indicate a potential upside of 11.70% from the company’s previous close.

Antalpha Platform Stock Performance

Shares of ANTA stock traded up $0.01 during trading hours on Wednesday, reaching $8.51. The company had a trading volume of 2,244 shares, compared to its average volume of 6,494. The business has a fifty day moving average price of $8.21 and a 200-day moving average price of $9.05. Antalpha Platform has a one year low of $6.25 and a one year high of $15.65. The firm has a market cap of $196.47 million and a PE ratio of 11.95. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.16 and a current ratio of 1.16.

Antalpha Platform (NASDAQ:ANTA) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Antalpha Platform had a net margin of 23.21% and a return on equity of 18.58%. The firm had revenue of $20.72 million during the quarter. Sell-side analysts predict that Antalpha Platform will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Antalpha Platform

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in Antalpha Platform during the second quarter valued at approximately $31,000. Oxford Asset Management LLP purchased a new position in Antalpha Platform during the second quarter valued at approximately $143,000. Finally, State of Wyoming purchased a new position in Antalpha Platform during the third quarter valued at approximately $184,000.

Antalpha Platform Company Profile

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.