Society Pass (NASDAQ:SOPA) Price Target Raised to $18.00 at Ascendiant Capital Markets

Society Pass (NASDAQ:SOPA) had its price objective hoisted by Ascendiant Capital Markets from $15.00 to $18.00 in a research report released on Friday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the stock.

Separately, Wall Street Zen upgraded Society Pass to a “hold” rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Society Pass has a consensus rating of “Hold” and a consensus target price of $18.00.

Society Pass Stock Up 21.3%

SOPA opened at $1.41 on Friday. Society Pass has a twelve month low of $0.64 and a twelve month high of $6.75. The company’s 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.17. The stock has a market cap of $8.62 million, a price-to-earnings ratio of -0.70 and a beta of 1.78.

Society Pass (NASDAQ:SOPA) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.34. The company had revenue of $2.50 million for the quarter, compared to analysts’ expectations of $1.50 million. As a group, sell-side analysts anticipate that Society Pass will post -2.65 earnings per share for the current year.

Hedge Funds Weigh In On Society Pass

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) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.42% of Society Pass as of its most recent filing with the Securities & Exchange Commission. 3.09% of the stock is currently 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.