MoneyHero (NASDAQ:MNY) Stock Rating Upgraded by Zacks Research

MoneyHero (NASDAQ:MNY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of MoneyHero in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, MoneyHero presently has an average rating of “Hold” and a consensus price target of $4.00.

MoneyHero Stock Performance

Shares of NASDAQ:MNY opened at $1.43 on Tuesday. The firm has a 50 day moving average of $1.31 and a 200 day moving average of $1.40. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $59.93 million, a price-to-earnings ratio of -2.04 and a beta of 1.19. MoneyHero has a 52 week low of $0.55 and a 52 week high of $2.40.

Institutional Trading of MoneyHero

Hedge funds and other institutional investors have recently made changes to their positions in the business. PFG Investments LLC acquired a new stake in shares of MoneyHero in the 3rd quarter worth $47,000. Virtu Financial LLC acquired a new position in MoneyHero during the 3rd quarter valued at about $38,000. Finally, Renaissance Technologies LLC increased its position in MoneyHero by 20.9% during the 4th quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock valued at $157,000 after buying an additional 21,500 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.