Society Pass (NASDAQ:SOPA) Given New $14.00 Price Target at Ascendiant Capital Markets

Society Pass (NASDAQ:SOPA) had its target price decreased by Ascendiant Capital Markets from $16.00 to $14.00 in a report released on Monday morning,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

Society Pass Trading Down 2.8 %

Shares of NASDAQ:SOPA opened at $0.77 on Monday. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75. The company has a market cap of $2.79 million, a PE ratio of -0.15 and a beta of 1.45. The stock has a 50 day moving average of $1.31 and a 200 day moving average of $1.19.

Society Pass (NASDAQ:SOPA) last announced its quarterly earnings results on Tuesday, April 15th. The company reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.84). The company had revenue of $1.87 million during the quarter. Society Pass had a negative return on equity of 431.98% and a negative net margin of 171.10%. Equities research analysts predict that Society Pass will post -2.65 earnings per share for the current fiscal year.

Insider Activity at Society Pass

In other Society Pass news, Director Michael Paul Dunn, Jr. bought 12,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the transaction, the director now owns 12,262 shares of the company’s stock, valued at $354,617,040. This represents a 4,580.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC bought a new position in Society Pass Incorporated (NASDAQ:SOPA) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.73% of Society Pass as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.09% of the company’s stock.

Society Pass Company Profile

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.