Society Pass (NASDAQ:SOPA) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen downgraded shares of Society Pass (NASDAQ:SOPA) to a strong sell rating in a report published on Saturday morning.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 15th. Ascendiant Capital Markets raised their price target on shares of Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research downgraded shares of Society Pass from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Society Pass currently has an average rating of “Hold” and a consensus target price of $22.50.

Society Pass Stock Performance

Shares of SOPA stock opened at $1.07 on Friday. The company has a market capitalization of $6.54 million, a price-to-earnings ratio of -0.44 and a beta of 1.96. Society Pass has a one year low of $0.64 and a one year high of $6.75. The company’s 50-day moving average is $1.88 and its 200 day moving average is $1.58.

Society Pass (NASDAQ:SOPA) last issued its earnings results on Friday, November 14th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.82). Society Pass had a negative return on equity of 343.41% and a negative net margin of 145.99%.The firm had revenue of $1.38 million during the quarter, compared to the consensus estimate of $2.40 million. As a group, research analysts predict that Society Pass will post -2.65 earnings per share for the current fiscal year.

Institutional Trading of Society Pass

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd purchased a new position in Society Pass Incorporated (NASDAQ:SOPA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.42% of Society Pass at the end of the most recent quarter. 3.09% of the stock is owned by institutional investors and hedge funds.

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.