Sharps Technology (NASDAQ:STSS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Sharps Technology (NASDAQ:STSS) from a sell rating to a hold rating in a research report released on Sunday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sharps Technology in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Sharps Technology Stock Performance

Shares of NASDAQ:STSS opened at $2.00 on Friday. Sharps Technology has a 52 week low of $1.42 and a 52 week high of $18.23. The company’s 50 day moving average is $1.77 and its two-hundred day moving average is $2.39. The company has a market cap of $77.34 million, a PE ratio of 0.00 and a beta of 2.03.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC acquired a new position in shares of Sharps Technology in the 3rd quarter valued at $9,404,000. Pantera Capital Partners LP acquired a new position in shares of Sharps Technology in the 3rd quarter valued at $7,498,000. Arrington Capital Management LLC acquired a new position in shares of Sharps Technology in the 4th quarter valued at $1,874,000. HBK Investments L P acquired a new position in shares of Sharps Technology in the 4th quarter valued at $1,448,000. Finally, Feynman Point Asset Management LLC acquired a new position in shares of Sharps Technology in the 4th quarter valued at $1,121,000. Institutional investors and hedge funds own 17.17% of the company’s stock.

About Sharps Technology

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.