Society Pass (NASDAQ:SOPA) Announces Quarterly Earnings Results

Society Pass (NASDAQ:SOPA) posted its quarterly earnings results on Friday. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.82), Zacks reports. The company had revenue of $1.38 million for the quarter.

Society Pass Price Performance

Society Pass stock traded down $0.20 during mid-day trading on Friday, hitting $1.48. The company’s stock had a trading volume of 206,665 shares, compared to its average volume of 231,437. Society Pass has a 52-week low of $0.64 and a 52-week high of $6.75. The company has a market cap of $9.04 million, a PE ratio of -0.73 and a beta of 1.92. The firm’s 50 day moving average is $2.10 and its 200 day moving average is $1.56.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research upgraded Society Pass from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Ascendiant Capital Markets upped their price objective on Society Pass from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Society Pass in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd acquired a new stake in Society Pass Incorporated (NASDAQ:SOPA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.42% of Society Pass as of its most recent filing with the SEC. 3.09% of the stock is owned by hedge funds and other institutional investors.

About Society Pass

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.