Society Pass (SOPA) to Release Earnings on Thursday

Society Pass (NASDAQ:SOPA) is projected to issue its results before the market opens on Thursday, March 26th. Analysts expect the company to announce earnings of ($0.1867) per share and revenue of $1.8210 million for the quarter.

Society Pass Trading Up 3.7%

Shares of NASDAQ:SOPA opened at $0.67 on Thursday. The company has a market capitalization of $5.10 million, a price-to-earnings ratio of -0.28 and a beta of 1.87. Society Pass has a 12-month low of $0.56 and a 12-month high of $6.28. The business has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.74.

Institutional Trading of Society Pass

Several hedge funds have recently made changes to their positions in SOPA. XTX Topco Ltd purchased a new position in shares of Society Pass in the second quarter valued at approximately $31,000. HRT Financial LP purchased a new stake in Society Pass during the 4th quarter worth approximately $350,000. Finally, Geode Capital Management LLC increased its stake in Society Pass by 43.3% during the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after buying an additional 14,547 shares during the period. Institutional investors and hedge funds own 3.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SOPA shares. Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Society Pass in a report on Monday, December 29th. Zacks Research cut shares of Society Pass from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Ascendiant Capital Markets lifted their target price on shares of Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Wall Street Zen lowered Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.50.

About Society Pass

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.