SHF (NASDAQ:SHFS) Releases Quarterly Earnings Results

SHF (NASDAQ:SHFS) posted its quarterly earnings data on Friday. The company reported ($0.43) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $1.98 million for the quarter.

SHF Trading Up 6.2%

SHF stock traded up $0.03 during trading hours on Friday, reaching $0.46. 110,483 shares of the company were exchanged, compared to its average volume of 560,439. SHF has a 12 month low of $0.38 and a 12 month high of $9.19. The stock has a 50-day moving average of $0.79 and a 200 day moving average of $1.16. The firm has a market cap of $2.09 million, a price-to-earnings ratio of -0.72 and a beta of 0.84.

Institutional Investors Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC acquired a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned 1.03% of SHF at the end of the most recent quarter. Hedge funds and other institutional investors own 29.19% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SHF has a consensus rating of “Sell”.

About SHF

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.