Smart Share Global (NYSE:EM) Receives “Neutral” Rating from Citigroup

Citigroup restated their neutral rating on shares of Smart Share Global (NYSE:EM) in a report released on Wednesday, MarketBeat.com reports. They currently have a $1.25 price target on the stock, up from their prior price target of $1.00.

Smart Share Global Trading Up 0.9%

NYSE:EM opened at $1.13 on Wednesday. The stock has a 50 day moving average of $1.08 and a two-hundred day moving average of $1.03. The firm has a market cap of $286.50 million, a P/E ratio of 37.68 and a beta of 0.65. Smart Share Global has a 12 month low of $0.50 and a 12 month high of $1.17.

Institutional Investors Weigh In On Smart Share Global

An institutional investor recently bought a new position in Smart Share Global stock. MASO CAPITAL PARTNERS Ltd acquired a new stake in Smart Share Global Limited (NYSE:EM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,632,260 shares of the company’s stock, valued at approximately $2,948,000. Smart Share Global comprises about 4.5% of MASO CAPITAL PARTNERS Ltd’s portfolio, making the stock its 5th largest position. MASO CAPITAL PARTNERS Ltd owned 1.01% of Smart Share Global at the end of the most recent reporting period. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

Smart Share Global Company Profile

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.