Society Pass (NASDAQ:SOPA) Upgraded by Greenridge Global to Strong-Buy Rating

Society Pass (NASDAQ:SOPA) was upgraded by equities researchers at Greenridge Global to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently commented on SOPA. Wall Street Zen downgraded shares of Society Pass to a “strong sell” rating in a research note on Saturday. Ascendiant Capital Markets lifted their price target on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Zacks Research cut shares of Society Pass from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Society Pass Stock Performance

Society Pass stock opened at $1.17 on Monday. The business’s fifty day moving average is $1.85 and its two-hundred day moving average is $1.58. The firm has a market cap of $7.15 million, a P/E ratio of -0.48 and a beta of 1.96. Society Pass has a 52 week low of $0.64 and a 52 week high of $6.75.

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

Institutional Trading of Society Pass

An institutional investor recently bought a new position in Society Pass stock. XTX Topco Ltd bought a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.42% of Society Pass as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.09% of the company’s stock.

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.