Society Pass (NASDAQ:SOPA) Price Target Lowered to $16.00 at Ascendiant Capital Markets

Society Pass (NASDAQ:SOPA) had its price objective lowered by Ascendiant Capital Markets from $19.00 to $16.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Society Pass Stock Down 6.2 %

Shares of SOPA opened at $0.85 on Thursday. Society Pass has a twelve month low of $0.73 and a twelve month high of $5.10. The stock has a market capitalization of $3.11 million, a P/E ratio of -0.17 and a beta of 1.20. The firm has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $1.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC purchased a new position in Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.73% of Society Pass at the end of the most recent reporting period. Institutional investors own 3.09% of the company’s stock.

Society Pass Company Profile

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.