Prestige Wealth (NASDAQ:AURE) Shares Gap Down – Should You Sell?

Prestige Wealth Inc. (NASDAQ:AURE) gapped down prior to trading on Friday . The stock had previously closed at $2.10, but opened at $1.98. Prestige Wealth shares last traded at $2.0250, with a volume of 5,603 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Prestige Wealth in a research note on Monday, January 26th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Prestige Wealth Stock Performance

Hedge Funds Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Yorkville Advisors Global LP purchased a new position in Prestige Wealth Inc. (NASDAQ:AURE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,777,778 shares of the company’s stock, valued at approximately $6,939,000. Prestige Wealth comprises about 4.4% of Yorkville Advisors Global LP’s holdings, making the stock its 4th largest holding. Yorkville Advisors Global LP owned approximately 7.54% of Prestige Wealth as of its most recent SEC filing. Hedge funds and other institutional investors own 7.68% of the company’s stock.

Prestige Wealth Company Profile

Through our subsidiaries, we are a wealth management and asset management services provider based in Hong Kong, with the majority of our subsidiaries’ operations in Hong Kong. Our subsidiaries assist their clients in identifying and purchasing well matched wealth management products and global asset management products. Our subsidiaries’ clients for both wealth management and asset management services are primarily high net worth and ultra-high net worth individuals in Asia, and a majority of our subsidiaries’ clients reside in mainland China or Hong Kong.