Benchmark Initiates Coverage on OBOOK (NASDAQ:OWLS)

Equities research analysts at Benchmark started coverage on shares of OBOOK (NASDAQ:OWLS) in a report issued on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $11.00 price target on the stock. Benchmark’s price objective suggests a potential upside of 94.00% from the company’s current price.

OBOOK Trading Up 1.1%

Shares of NASDAQ:OWLS opened at $5.67 on Wednesday. The company has a 50 day moving average price of $5.88. OBOOK has a 52 week low of $5.15 and a 52 week high of $90.00.

OBOOK (NASDAQ:OWLS) last issued its quarterly earnings data on Monday, December 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $1.92 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OBOOK stock. Geode Capital Management LLC acquired a new position in OBOOK Holdings Inc. (NASDAQ:OWLS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,325 shares of the company’s stock, valued at approximately $243,000.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.