Key Points
- Director John Fargis sold 7,500 shares on Nov. 20 at an average price of $1.95, reducing his stake by 16.09% to 39,099 shares (about $76,243), as disclosed in an SEC filing.
- Recent quarter showed a mixed result: EPS of -$0.06 beat the -$0.10 estimate, but revenue missed at $30.35M versus $43.0M, and the company remains unprofitable with a -31.14% net margin and negative ROE.
- Market and analyst backdrop: ISPR trades near $2.28 with a $130.6M market cap and 52-week range $1.44–$6.40; consensus rating is "Hold" with an average target of $7.50 and institutional ownership around 5%.
Ispire Technology Inc. (NASDAQ:ISPR - Get Free Report) Director John Fargis sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $1.95, for a total transaction of $14,625.00. Following the sale, the director owned 39,099 shares in the company, valued at approximately $76,243.05. This trade represents a 16.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Ispire Technology Trading Up 4.6%
ISPR opened at $2.28 on Tuesday. The firm's 50 day moving average is $2.28 and its 200-day moving average is $2.62. The firm has a market capitalization of $130.62 million, a P/E ratio of -3.51 and a beta of 2.71. Ispire Technology Inc. has a 52-week low of $1.44 and a 52-week high of $6.40. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 1.33.
Ispire Technology (NASDAQ:ISPR - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. Ispire Technology had a negative return on equity of 389.95% and a negative net margin of 31.14%.The business had revenue of $30.35 million for the quarter, compared to analysts' expectations of $43.00 million. Analysts expect that Ispire Technology Inc. will post -0.44 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ispire Technology in a research note on Thursday. Zacks Research raised Ispire Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ispire Technology presently has a consensus rating of "Hold" and an average target price of $7.50.
Check Out Our Latest Stock Analysis on ISPR
Hedge Funds Weigh In On Ispire Technology
A number of hedge funds have recently added to or reduced their stakes in ISPR. Private Advisor Group LLC acquired a new position in Ispire Technology during the first quarter worth $49,000. Nuveen LLC acquired a new position in shares of Ispire Technology in the first quarter valued at $67,000. Finally, Bank of America Corp DE increased its stake in Ispire Technology by 35.3% in the fourth quarter. Bank of America Corp DE now owns 19,156 shares of the company's stock valued at $96,000 after acquiring an additional 4,997 shares during the period. Institutional investors and hedge funds own 5.00% of the company's stock.
About Ispire Technology
(
Get 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.
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