DatChat (NASDAQ:DATS) Raised to “Hold” at Wall Street Zen

DatChat (NASDAQ:DATS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

DatChat Stock Down 4.7%

Shares of NASDAQ DATS opened at $2.23 on Friday. DatChat has a 52 week low of $1.11 and a 52 week high of $9.34. The business’s 50 day moving average price is $2.64 and its 200 day moving average price is $2.74. The firm has a market cap of $11.22 million, a P/E ratio of -1.60 and a beta of 1.95.

DatChat (NASDAQ:DATS) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.36) EPS for the quarter.

Institutional Investors Weigh In On DatChat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of DatChat by 39.1% in the fourth quarter. Geode Capital Management LLC now owns 24,685 shares of the company’s stock worth $44,000 after buying an additional 6,933 shares during the last quarter. Renaissance Technologies LLC acquired a new position in DatChat in the fourth quarter valued at approximately $55,000. Finally, FNY Investment Advisers LLC acquired a new position in DatChat in the first quarter valued at approximately $279,000. 0.92% of the stock is owned by institutional investors and hedge funds.

DatChat Company Profile

DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.