BTIG Research Initiates Coverage on SunCar Technology Group (NASDAQ:SDA)

BTIG Research assumed coverage on shares of SunCar Technology Group (NASDAQ:SDAFree Report) in a report released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $12.00 price objective on the stock.

SunCar Technology Group Trading Up 2.0 %

NASDAQ:SDA opened at $9.65 on Monday. The stock has a 50-day moving average price of $9.60 and a 200 day moving average price of $9.55. SunCar Technology Group has a 12-month low of $5.71 and a 12-month high of $11.74.

Hedge Funds Weigh In On SunCar Technology Group

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd grew its stake in SunCar Technology Group by 24.6% during the second quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock valued at $166,000 after acquiring an additional 3,596 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of SunCar Technology Group by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock valued at $269,000 after purchasing an additional 1,116 shares during the last quarter. Finally, State Street Corp grew its position in shares of SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company’s stock valued at $170,000 after purchasing an additional 3,877 shares in the last quarter. Hedge funds and other institutional investors own 0.26% of the company’s stock.

About SunCar Technology Group

(Get Free Report)

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.

Further Reading

Receive News & Ratings for SunCar Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCar Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.