Zacks Research Upgrades MoneyHero (NASDAQ:MNY) to “Hold”

MoneyHero (NASDAQ:MNY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of MoneyHero in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MoneyHero currently has a consensus rating of “Hold” and an average target price of $4.00.

MoneyHero Stock Down 0.7%

Shares of NASDAQ:MNY opened at $1.43 on Tuesday. The company has a market capitalization of $59.93 million, a price-to-earnings ratio of -2.04 and a beta of 1.19. The company has a 50 day moving average of $1.31 and a two-hundred day moving average of $1.40. MoneyHero has a 52-week low of $0.55 and a 52-week high of $2.40. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On MoneyHero

Several hedge funds and other institutional investors have recently modified their holdings of MNY. Renaissance Technologies LLC raised its stake in shares of MoneyHero by 20.9% in the 4th quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock valued at $157,000 after purchasing an additional 21,500 shares in the last quarter. PFG Investments LLC bought a new stake in MoneyHero in the third quarter valued at about $47,000. Finally, Virtu Financial LLC bought a new stake in MoneyHero in the third quarter valued at about $38,000. Institutional investors own 30.86% of the company’s stock.

About MoneyHero

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.