AdvisorShares Investments LLC Buys New Stake in Ispire Technology Inc. (NASDAQ:ISPR)

AdvisorShares Investments LLC bought a new stake in shares of Ispire Technology Inc. (NASDAQ:ISPRFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 79,858 shares of the company’s stock, valued at approximately $969,000. AdvisorShares Investments LLC owned approximately 0.15% of Ispire Technology as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ISPR. Amalgamated Bank lifted its position in Ispire Technology by 499.0% during the fourth quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock valued at $30,000 after purchasing an additional 2,061 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Ispire Technology during the third quarter valued at $103,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Ispire Technology during the fourth quarter valued at $464,000. 5.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ISPR shares. Roth Capital upgraded shares of Ispire Technology to a “strong-buy” rating in a research report on Monday, May 20th. Roth Mkm reiterated a “buy” rating and set a $11.00 price objective on shares of Ispire Technology in a research report on Friday.

View Our Latest Stock Report on ISPR

Ispire Technology Price Performance

Shares of Ispire Technology stock traded up $0.06 during trading on Friday, hitting $7.14. The stock had a trading volume of 47,415 shares, compared to its average volume of 77,010. The firm’s fifty day simple moving average is $6.24 and its 200-day simple moving average is $9.00. Ispire Technology Inc. has a 12 month low of $5.01 and a 12 month high of $19.78.

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

Ispire Technology Company Profile

(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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Institutional Ownership by Quarter for Ispire Technology (NASDAQ:ISPR)

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