B. Riley Financial Cuts Antalpha Platform (NASDAQ:ANTA) Price Target to $10.00

Antalpha Platform (NASDAQ:ANTA) had its price target decreased by B. Riley Financial from $14.00 to $10.00 in a research report released on Wednesday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

Antalpha Platform Price Performance

Shares of ANTA stock opened at $7.84 on Wednesday. Antalpha Platform has a twelve month low of $7.79 and a twelve month high of $27.72. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 3.56. The stock has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $10.48. The stock has a market capitalization of $181.10 million and a price-to-earnings ratio of 11.04.

Antalpha Platform (NASDAQ:ANTA) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.21 by $0.14. The firm had revenue of $28.01 million for the quarter, compared to analyst estimates of $26.67 million. Antalpha Platform had a return on equity of 18.58% and a net margin of 23.21%.

Antalpha Platform declared that its board has approved a share repurchase plan on Monday, November 24th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to buy up to 5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Antalpha Platform

Hedge funds have recently modified their holdings of the business. Connective Capital Management LLC acquired a new position in shares of Antalpha Platform during the second quarter worth $248,000. JPMorgan Chase & Co. purchased a new position in Antalpha Platform during the 2nd quarter worth $31,000. Oxford Asset Management LLP acquired a new position in Antalpha Platform during the 2nd quarter valued at about $143,000. Finally, State of Wyoming acquired a new position in Antalpha Platform during the 3rd quarter valued at about $184,000.

Antalpha Platform Company Profile

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.