Ispire Technology Inc. (NASDAQ:ISPR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Ispire Technology Inc. (NASDAQ:ISPR) by 77.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 452,444 shares of the company’s stock after acquiring an additional 197,132 shares during the period. Geode Capital Management LLC’s holdings in Ispire Technology were worth $2,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ISPR. MetLife Investment Management LLC lifted its stake in shares of Ispire Technology by 137.6% in the third quarter. MetLife Investment Management LLC now owns 11,764 shares of the company’s stock valued at $73,000 after purchasing an additional 6,812 shares during the period. Zacks Investment Management acquired a new stake in Ispire Technology in the 3rd quarter valued at about $96,000. Barclays PLC increased its holdings in Ispire Technology by 311.2% during the 3rd quarter. Barclays PLC now owns 27,461 shares of the company’s stock valued at $171,000 after acquiring an additional 20,782 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 worth $369,000 after acquiring an additional 3,931 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Ispire Technology by 2.0% in the third quarter. State Street Corp now owns 207,542 shares of the company’s stock valued at $1,288,000 after purchasing an additional 4,125 shares in the last quarter. 5.00% of the stock is owned by institutional investors and hedge funds.

Ispire Technology Stock Performance

Shares of NASDAQ ISPR opened at $4.74 on Wednesday. Ispire Technology Inc. has a 1 year low of $4.73 and a 1 year high of $12.56. The stock’s 50-day simple moving average is $5.87 and its 200-day simple moving average is $6.65. The firm has a market cap of $268.51 million, a price-to-earnings ratio of -13.94 and a beta of 2.92.

Ispire Technology (NASDAQ:ISPR) last released its earnings results on Monday, November 11th. The company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $39.34 million during the quarter, compared to the consensus estimate of $45.60 million. Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 58.50%. During the same quarter in the previous year, the firm earned ($0.04) EPS. As a group, research analysts predict that Ispire Technology Inc. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ISPR shares. Roth Mkm reissued a “buy” rating and set a $12.50 price target on shares of Ispire Technology in a research report on Wednesday, October 2nd. Roth Capital upgraded Ispire Technology to a “strong-buy” rating in a report on Friday, November 8th.

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.