Yong Rong HK Asset Management Ltd reduced its holdings in shares of Ispire Technology Inc. (NASDAQ:ISPR - Free Report) by 9.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,518,721 shares of the company's stock after selling 150,794 shares during the period. Ispire Technology accounts for about 2.7% of Yong Rong HK Asset Management Ltd's investment portfolio, making the stock its 13th largest holding. Yong Rong HK Asset Management Ltd owned about 2.69% of Ispire Technology worth $9,424,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ISPR. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ispire Technology by 62.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,273 shares of the company's stock valued at $382,000 after purchasing an additional 24,017 shares during the last quarter. Tidal Investments LLC bought a new stake in Ispire Technology in the first quarter worth $196,000. Bank of New York Mellon Corp grew its stake in shares of Ispire Technology by 9.3% in the second quarter. Bank of New York Mellon Corp now owns 46,119 shares of the company's stock worth $369,000 after acquiring an additional 3,931 shares during the last quarter. Finally, AdvisorShares Investments LLC grew its stake in shares of Ispire Technology by 10.0% in the second quarter. AdvisorShares Investments LLC now owns 175,858 shares of the company's stock worth $1,361,000 after acquiring an additional 16,000 shares during the last quarter. Institutional investors own 5.00% of the company's stock.
NASDAQ:ISPR opened at $5.69 on Friday. The stock has a market cap of $322.28 million, a price-to-earnings ratio of -21.07 and a beta of 2.84. The company's 50 day moving average price is $6.71 and its 200-day moving average price is $6.86. Ispire Technology Inc. has a 52 week low of $5.01 and a 52 week high of $19.78.
Ispire Technology (NASDAQ:ISPR - Get Free Report) last issued its earnings results on Thursday, September 26th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business had revenue of $37.34 million for the quarter, compared to the consensus estimate of $34.00 million. Ispire Technology had a negative return on equity of 45.39% and a negative net margin of 9.72%. As a group, sell-side analysts anticipate that Ispire Technology Inc. will post -0.21 earnings per share for the current year.
Separately, Roth Mkm reiterated a "buy" rating and issued a $12.50 price target on shares of Ispire Technology in a research note on Wednesday, October 2nd.
View Our Latest Stock Report on ISPR
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Ispire Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ispire Technology wasn't on the list.
While Ispire Technology currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.