Kaspien (NASDAQ:KSPN) Given “Buy” Rating at Aegis

Aegis restated their buy rating on shares of Kaspien (NASDAQ:KSPNFree Report) in a report released on Tuesday, PriceTargets.com reports. Aegis also issued estimates for Kaspien’s FY2024 earnings at ($5.47) EPS and FY2025 earnings at ($2.80) EPS.

Kaspien Price Performance

NASDAQ:KSPN opened at $0.13 on Tuesday. The firm has a market capitalization of $621,250.00, a price-to-earnings ratio of -0.04 and a beta of 0.82. Kaspien has a one year low of $0.12 and a one year high of $2.13. The business has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.39.

Kaspien (NASDAQ:KSPNGet Free Report) last issued its quarterly earnings results on Tuesday, September 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.61. Kaspien had a negative return on equity of 1,013.63% and a negative net margin of 10.51%. The business had revenue of $33.14 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kaspien stock. SVB Wealth LLC acquired a new stake in shares of Kaspien Holdings Inc. (NASDAQ:KSPNFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,392 shares of the company’s stock, valued at approximately $36,000. SVB Wealth LLC owned about 0.58% of Kaspien as of its most recent SEC filing. Institutional investors and hedge funds own 0.29% of the company’s stock.

Kaspien Company Profile

(Get Free Report)

Kaspien Holdings Inc operates an e-commerce services provider. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, Target, and others. The company's technology-enabled retailer that delivers brand partners across Amazon.com US, Amazon.com Canada, Target.com, and Walmart.com online marketplaces.

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