Antalpha Platform (NASDAQ:ANTA) Releases Earnings Results, Beats Estimates By $0.14 EPS

Antalpha Platform (NASDAQ:ANTA) issued its earnings results on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.14, Zacks reports. The business had revenue of $28.01 million during the quarter, compared to the consensus estimate of $26.67 million. Antalpha Platform had a return on equity of 24.84% and a net margin of 23.21%.

Antalpha Platform Trading Up 0.5%

ANTA stock opened at $8.39 on Friday. The stock has a market capitalization of $193.81 million and a price-to-earnings ratio of 11.82. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.09 and a quick ratio of 1.09. Antalpha Platform has a fifty-two week low of $8.26 and a fifty-two week high of $27.72. The business has a fifty day moving average price of $9.13 and a 200 day moving average price of $10.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Antalpha Platform stock. JPMorgan Chase & Co. acquired a new stake in Antalpha Platform Holding Company (NASDAQ:ANTA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,705 shares of the company’s stock, valued at approximately $31,000.

Antalpha Platform declared that its Board of Directors has initiated a share buyback plan on Monday, November 24th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, B. Riley Financial cut their price objective on Antalpha Platform from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $10.00.

About Antalpha Platform

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.