Ispire Technology (NASDAQ:ISPR) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm started coverage on shares of Ispire Technology (NASDAQ:ISPRFree Report) in a research report report published on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $11.00 target price on the stock.

Ispire Technology Stock Performance

ISPR opened at $7.62 on Monday. The company has a fifty day moving average price of $6.32 and a two-hundred day moving average price of $9.28. Ispire Technology has a 52 week low of $5.01 and a 52 week high of $19.78. The firm has a market capitalization of $429.77 million and a PE ratio of -31.75.

Ispire Technology (NASDAQ:ISPRGet Free Report) last released its earnings results on Tuesday, May 14th. The company reported ($0.11) EPS for the quarter. Ispire Technology had a negative return on equity of 34.23% and a negative net margin of 8.79%. The business had revenue of $30.02 million for the quarter.

Hedge Funds Weigh In On Ispire Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of Ispire Technology by 499.0% in the 4th quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock valued at $30,000 after buying an additional 2,061 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of Ispire Technology in the 3rd quarter valued at $94,000. Bank of New York Mellon Corp acquired a new position in shares of Ispire Technology in the 3rd quarter valued at $103,000. Tidal Investments LLC acquired a new position in shares of Ispire Technology in the 1st quarter valued at $196,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ispire Technology in the 4th quarter valued at $464,000. Institutional investors and hedge funds own 5.00% of the company’s stock.

Ispire Technology Company Profile

(Get Free Report)

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.

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