Society Pass (NASDAQ:SOPA) Rating Lowered to “Strong Sell” at Wall Street Zen

Society Pass (NASDAQ:SOPA) was downgraded by investment analysts at Wall Street Zen to a “strong sell” rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. Ascendiant Capital Markets upped their price target on shares of Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday. Zacks Research downgraded Society Pass from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Society Pass in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.50.

Society Pass Stock Down 12.3%

Shares of SOPA stock opened at $1.07 on Friday. The firm has a market capitalization of $6.54 million, a P/E ratio of -0.44 and a beta of 1.96. Society Pass has a twelve month low of $0.64 and a twelve month high of $6.75. The stock’s fifty day simple moving average is $1.88 and its 200 day simple moving average is $1.58.

Society Pass (NASDAQ:SOPA) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.82). Society Pass had a negative net margin of 145.99% and a negative return on equity of 343.41%. The firm had revenue of $1.38 million for the quarter, compared to analyst estimates of $2.40 million. As a group, equities research analysts expect that Society Pass will post -2.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd bought a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.42% of Society Pass at the end of the most recent reporting period. 3.09% of the stock is currently owned by institutional investors.

Society Pass Company Profile

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.