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

Aegis restated their buy rating on shares of Kaspien (NASDAQ:KSPN) 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:KSPN) 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:KSPN) 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

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.