Society Pass (NASDAQ:SOPA) Upgraded at Zacks Research

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

A number of other research firms have also weighed in on SOPA. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research note on Friday, March 27th. Ascendiant Capital Markets lifted their target price on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Greenridge Global upgraded shares of Society Pass to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Society Pass Price Performance

Shares of SOPA stock opened at $0.42 on Tuesday. The business has a 50-day moving average of $0.84 and a 200 day moving average of $1.66. Society Pass has a 1-year low of $0.35 and a 1-year high of $6.28. The stock has a market capitalization of $3.20 million, a PE ratio of -0.17 and a beta of 2.01.

Hedge Funds Weigh In On Society Pass

Several hedge funds have recently made changes to their positions in SOPA. HRT Financial LP bought a new stake in Society Pass in the fourth quarter valued at $350,000. Geode Capital Management LLC raised its holdings in Society Pass by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after purchasing an additional 14,547 shares in the last quarter. XTX Topco Ltd bought a new position in Society Pass in the 2nd quarter worth $31,000. Finally, Connective Capital Management LLC purchased a new stake in shares of Society Pass in the 4th quarter worth about $282,000. 3.09% of the stock is owned by hedge funds and other institutional investors.

Society Pass Company Profile

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.