Roth Capital upgraded shares of Ispire Technology (NASDAQ:ISPR – Free Report) to a strong-buy rating in a report issued on Friday,Zacks.com reports.
Separately, Roth Mkm restated a “buy” rating and issued a $12.50 price target on shares of Ispire Technology in a report on Wednesday, October 2nd.
Check Out Our Latest Stock Report on ISPR
Ispire Technology Price Performance
Ispire Technology (NASDAQ:ISPR – Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $37.34 million during the quarter, compared to analysts’ expectations of $34.00 million. Ispire Technology had a negative return on equity of 45.39% and a negative net margin of 9.72%. Equities research analysts expect that Ispire Technology will post -0.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Ispire Technology
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Ispire Technology by 9.3% in the 2nd 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 in the last quarter. AdvisorShares Investments LLC increased its holdings in Ispire Technology by 10.0% during the second quarter. AdvisorShares Investments LLC now owns 175,858 shares of the company’s stock valued at $1,361,000 after buying an additional 16,000 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 buying an additional 24,017 shares during the period. Tidal Investments LLC bought a new position in Ispire Technology in the first quarter worth approximately $196,000. Finally, Yong Rong HK Asset Management Ltd boosted its position in Ispire Technology by 94.2% during the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 1,669,515 shares of the company’s stock valued at $13,357,000 after acquiring an additional 809,819 shares in the last quarter. 5.00% of the stock is owned by institutional investors.
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.
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