Society Pass (NASDAQ:SOPA) Upgraded at Zacks Research

Zacks Research upgraded shares of Society Pass (NASDAQ:SOPA) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on SOPA. Ascendiant Capital Markets boosted their target price on Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Wall Street Zen lowered Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. Greenridge Global raised Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Society Pass in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Society Pass has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Society Pass Trading Down 4.8%

NASDAQ SOPA opened at $0.40 on Tuesday. Society Pass has a 1-year low of $0.35 and a 1-year high of $6.28. The stock has a 50-day moving average of $0.80 and a 200-day moving average of $1.65. The firm has a market cap of $3.04 million, a PE ratio of -0.16 and a beta of 2.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP bought a new position in Society Pass during the 4th quarter valued at approximately $350,000. Geode Capital Management LLC raised its position in Society Pass by 43.3% during the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock valued at $183,000 after purchasing an additional 14,547 shares during the last quarter. XTX Topco Ltd bought a new position in Society Pass during the 2nd quarter valued at approximately $31,000. Finally, Connective Capital Management LLC purchased a new position in shares of Society Pass during the 4th quarter worth approximately $282,000. Institutional investors own 3.09% of the company’s stock.

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.