Garden Stage (NASDAQ:GSIW) Announces Earnings Results

Garden Stage (NASDAQ:GSIW) issued its earnings results on Friday. The company reported ($11.69) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.94 million during the quarter.

Garden Stage Stock Down 8.7%

Shares of Garden Stage stock traded down $2.01 on Friday, hitting $21.00. The company had a trading volume of 6,828 shares, compared to its average volume of 13,558. The stock has a 50-day moving average of $28.13 and a 200-day moving average of $26.18. Garden Stage has a twelve month low of $8.00 and a twelve month high of $51.28.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Garden Stage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Garden Stage

A hedge fund recently raised its stake in Garden Stage stock. XTX Topco Ltd raised its position in Garden Stage Limited (NASDAQ:GSIW) by 244.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,052 shares of the company’s stock after purchasing an additional 183,147 shares during the quarter. XTX Topco Ltd owned 0.72% of Garden Stage worth $33,000 at the end of the most recent reporting period. 0.47% of the stock is owned by institutional investors.

About Garden Stage

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.