Ispire Technology (NASDAQ:ISPR) Given Buy Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Ispire Technology (NASDAQ:ISPRFree Report) in a research note published on Friday, Benzinga reports. The firm currently has a $11.00 target price on the stock.

Separately, Roth Capital upgraded Ispire Technology to a strong-buy rating in a research report on Monday, May 20th.

Read Our Latest Report on ISPR

Ispire Technology Stock Performance

Shares of NASDAQ ISPR opened at $7.14 on Friday. The stock’s 50 day moving average price is $6.24 and its two-hundred day moving average price is $9.00. Ispire Technology has a 52-week low of $5.01 and a 52-week high of $19.78.

Ispire Technology (NASDAQ:ISPRGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $30.02 million for the quarter. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.23%. On average, analysts anticipate that Ispire Technology will post -0.3 EPS for the current year.

Institutional Trading of Ispire Technology

A number of institutional investors and hedge funds have recently made changes to their positions in ISPR. AdvisorShares Investments LLC bought a new position in Ispire Technology in the 4th quarter worth approximately $969,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ispire Technology by 62.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,273 shares of the company’s stock worth $382,000 after buying an additional 24,017 shares in the last quarter. Tidal Investments LLC bought a new position in Ispire Technology in the 1st quarter worth approximately $196,000. Bank of New York Mellon Corp bought a new position in Ispire Technology in the 3rd quarter worth approximately $103,000. Finally, Amalgamated Bank grew its holdings in Ispire Technology by 499.0% in the 4th quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock worth $30,000 after buying an additional 2,061 shares in the last quarter. 5.00% of the stock is currently owned by institutional investors and hedge funds.

About Ispire Technology

(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.

Further Reading

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