MoneyHero (NASDAQ:MNY) Rating Lowered to Strong Sell at Zacks Research

MoneyHero (NASDAQ:MNY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

Separately, Weiss Ratings lowered shares of MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

MoneyHero Price Performance

Shares of NASDAQ MNY opened at $0.64 on Monday. The company has a market capitalization of $27.97 million, a price-to-earnings ratio of -1.93 and a beta of 1.28. The business has a 50-day moving average of $0.81 and a two-hundred day moving average of $1.05. MoneyHero has a 1 year low of $0.60 and a 1 year high of $1.60.

MoneyHero (NASDAQ:MNY) last released its quarterly earnings data on Saturday, September 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). MoneyHero had a negative net margin of 14.85% and a negative return on equity of 21.04%. The business had revenue of $15.75 million during the quarter, compared to analysts’ expectations of $21.53 million. As a group, equities research analysts expect that MoneyHero will post -0.17 earnings per share for the current year.

About MoneyHero

MoneyHero Group Limited (NASDAQ:MNY) operates a digital personal finance platform serving consumers across Greater Southeast Asia. Through its comparison websites and financial content, the company helps users research and compare products offered by banks, insurers and other financial institutions.

The company’s platforms cover products such as credit cards, personal loans, insurance policies, bank accounts and other personal finance services. MoneyHero generates revenue by connecting consumers with financial-product providers, while its content and comparison tools are designed to support financial decision-making and customer acquisition for partners.

MoneyHero has operations in markets including Hong Kong, Singapore, Taiwan, the Philippines and Malaysia through brands such as MoneyHero, SingSaver, Moneymax, Seedly and CompareHero.