Society Pass (SOPA) to Release Quarterly Earnings on Tuesday

Society Pass (NASDAQ:SOPA) is expected to announce its results before the market opens on Tuesday, April 21st. Analysts expect the company to announce earnings of ($0.1050) per share and revenue of $2.61 million for the quarter.

Society Pass Trading Down 2.1%

Shares of NASDAQ SOPA opened at $0.37 on Tuesday. The stock has a market capitalization of $2.84 million, a PE ratio of -0.15 and a beta of 2.01. The stock’s fifty day simple moving average is $0.74 and its two-hundred day simple moving average is $1.65. Society Pass has a 12-month low of $0.35 and a 12-month high of $6.28.

Institutional Trading of Society Pass

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP acquired a new stake in Society Pass during the 4th quarter worth about $350,000. Geode Capital Management LLC lifted 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 worth $183,000 after acquiring an additional 14,547 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Society Pass during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 3.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SOPA. Ascendiant Capital Markets raised their price objective on Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Greenridge Global raised Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research report on Friday, March 27th. Wall Street Zen cut Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. Finally, Zacks Research raised Society Pass from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” 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.