Society Pass (NASDAQ:SOPA) Issues Earnings Results

Society Pass (NASDAQ:SOPA) announced its earnings results on Friday. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.82), Zacks reports. The business had revenue of $1.38 million for the quarter.

Society Pass Stock Down 11.9%

NASDAQ:SOPA traded down $0.20 on Friday, reaching $1.48. The company’s stock had a trading volume of 206,665 shares, compared to its average volume of 231,437. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75. The stock has a 50 day moving average price of $2.10 and a 200 day moving average price of $1.56. The firm has a market cap of $9.04 million, a price-to-earnings ratio of -0.73 and a beta of 1.92.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. XTX Topco Ltd purchased a new stake in Society Pass Incorporated (NASDAQ:SOPA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.42% of Society Pass as of its most recent filing with the SEC. Institutional investors own 3.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SOPA shares. Zacks Research raised shares of Society Pass from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Society Pass in a research note on Tuesday. Finally, Ascendiant Capital Markets upped their price target on Society Pass from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.