Ispire Technology (NASDAQ:ISPR) Stock Rating Upgraded by Roth Capital

Roth Capital upgraded shares of Ispire Technology (NASDAQ:ISPR) to a strong-buy rating in a research note published on Monday morning, Zacks.com reports. Roth Capital also issued estimates for Ispire Technology’s Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.30) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.21) EPS.

Separately, Roth Mkm initiated coverage on Ispire Technology in a report on Monday. They set a buy rating and a $11.00 price target on the stock.

Ispire Technology Stock Down 0.7 %

Shares of ISPR opened at $7.57 on Monday. Ispire Technology has a 52-week low of $5.01 and a 52-week high of $19.78. The firm’s fifty day moving average is $6.29 and its two-hundred day moving average is $9.27. The stock has a market cap of $426.95 million and a PE ratio of -31.54.

Ispire Technology (NASDAQ:ISPR) last announced its earnings results on Tuesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Ispire Technology had a negative return on equity of 34.23% and a negative net margin of 8.79%. The business had revenue of $30.02 million for the quarter. As a group, research analysts anticipate that Ispire Technology will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Amalgamated Bank raised its holdings in shares of Ispire Technology by 499.0% during the 4th quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock worth $30,000 after acquiring an additional 2,061 shares during the period. Panagora Asset Management Inc. purchased a new stake in Ispire Technology in the 3rd quarter valued at about $94,000. Bank of New York Mellon Corp purchased a new stake in Ispire Technology in the 3rd quarter valued at about $103,000. Tidal Investments LLC purchased a new stake in Ispire Technology in the 1st quarter valued at about $196,000. Finally, Mirae Asset Global Investments Co. Ltd. raised 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 valued at $382,000 after buying an additional 24,017 shares during the period. Hedge funds and other institutional investors own 5.00% of the company’s stock.

Ispire Technology Company Profile

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.