MoneyHero (NASDAQ:MNY) Upgraded at Zacks Research

Zacks Research upgraded shares of MoneyHero (NASDAQ:MNY) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of MoneyHero in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MoneyHero presently has a consensus rating of “Hold” and an average target price of $4.00.

MoneyHero Stock Performance

Shares of MoneyHero stock opened at $1.43 on Tuesday. The business has a 50-day simple moving average of $1.31 and a 200 day simple moving average of $1.40. MoneyHero has a one year low of $0.55 and a one year high of $2.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market capitalization of $59.93 million, a price-to-earnings ratio of -2.04 and a beta of 1.19.

Institutional Investors Weigh In On MoneyHero

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its holdings in shares of MoneyHero by 20.9% in the 4th quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock worth $157,000 after acquiring an additional 21,500 shares during the last quarter. PFG Investments LLC acquired a new position in MoneyHero during the 3rd quarter valued at about $47,000. Finally, Virtu Financial LLC bought a new stake in MoneyHero during the 3rd quarter worth approximately $38,000. 30.86% of the stock is owned by institutional investors.

About MoneyHero

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.