Society Pass (NASDAQ:SOPA) Receives Hold Rating from Maxim Group

Society Pass (NASDAQ:SOPA)‘s stock had its “hold” rating reiterated by stock analysts at Maxim Group in a research report issued on Wednesday, Benzinga reports.

Separately, Litchfield Hills Research reaffirmed a “buy” rating on shares of Society Pass in a research note on Friday, December 22nd.

Society Pass Stock Performance

Shares of SOPA opened at $0.12 on Wednesday. The stock has a market capitalization of $4.02 million, a P/E ratio of -0.19 and a beta of 1.19. The company’s fifty day moving average is $0.17 and its two-hundred day moving average is $0.24. Society Pass has a 1 year low of $0.10 and a 1 year high of $1.16.

Hedge Funds Weigh In On Society Pass

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp purchased a new stake in shares of Society Pass in the 1st quarter worth about $54,000. Bank of New York Mellon Corp purchased a new stake in shares of Society Pass in the 1st quarter worth about $54,000. United Capital Financial Advisers LLC purchased a new stake in shares of Society Pass in the 1st quarter worth about $65,000. FMR LLC boosted its position in shares of Society Pass by 1,478.4% in the 2nd quarter. FMR LLC now owns 22,098 shares of the company’s stock worth $43,000 after buying an additional 20,698 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Society Pass in the 1st quarter worth about $84,000. 3.09% of the stock is owned by institutional investors and hedge funds.

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.