Society Pass (SOPA) Projected to Post Earnings on Thursday

Society Pass (NASDAQ:SOPA) is expected to release its results before the market opens on Thursday, March 26th. Analysts expect Society Pass to post earnings of ($0.1867) per share and revenue of $1.8210 million for the quarter.

Society Pass Stock Performance

Shares of NASDAQ:SOPA opened at $0.58 on Wednesday. The company has a market cap of $4.42 million, a P/E ratio of -0.24 and a beta of 1.87. Society Pass has a one year low of $0.56 and a one year high of $6.28. The business’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.72.

Hedge Funds Weigh In On Society Pass

A number of hedge funds have recently added to or reduced their stakes in SOPA. HRT Financial LP acquired a new stake in shares of Society Pass during the fourth quarter worth $350,000. Geode Capital Management LLC grew its position in shares of Society Pass by 43.3% during the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock valued at $183,000 after buying an additional 14,547 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Society Pass during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 3.09% of the company’s stock.

Analyst Ratings Changes

SOPA has been the subject of a number of analyst reports. Zacks Research cut Society Pass from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Greenridge Global upgraded shares of Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Finally, 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, December 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.50.

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.