Ispire Technology (NASDAQ:ISPR) Rating Reiterated by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Ispire Technology (NASDAQ:ISPR) in a research note published on Wednesday morning, Benzinga reports. They currently have a $12.50 price target on the stock.

Ispire Technology Stock Down 0.8 %

NASDAQ:ISPR opened at $6.25 on Wednesday. The business’s 50-day moving average price is $7.06 and its 200 day moving average price is $6.86. Ispire Technology has a 52-week low of $5.01 and a 52-week high of $19.78. The firm has a market cap of $352.51 million, a P/E ratio of -26.04 and a beta of 2.84.

Ispire Technology (NASDAQ:ISPR) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.23%. The company had revenue of $37.34 million for the quarter, compared to analysts’ expectations of $34.00 million. Sell-side analysts expect that Ispire Technology will post -0.3 EPS for the current year.

Institutional Trading of Ispire Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISPR. AdvisorShares Investments LLC acquired a new stake in Ispire Technology during the fourth quarter valued at approximately $969,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 acquired a new stake in Ispire Technology during the first quarter valued at approximately $196,000. Bank of New York Mellon Corp lifted its stake in Ispire Technology by 9.3% during the second quarter. Bank of New York Mellon Corp now owns 46,119 shares of the company’s stock valued at $369,000 after purchasing an additional 3,931 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd lifted its stake in Ispire Technology by 94.2% during the second quarter. Yong Rong HK Asset Management Ltd now owns 1,669,515 shares of the company’s stock valued at $13,357,000 after purchasing an additional 809,819 shares during the last quarter. 5.00% of the stock is owned by institutional investors and hedge funds.

About Ispire Technology

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.