State Street Corp Buys 4,125 Shares of Ispire Technology Inc. (NASDAQ:ISPR)

State Street Corp boosted its position in shares of Ispire Technology Inc. (NASDAQ:ISPR) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,542 shares of the company’s stock after acquiring an additional 4,125 shares during the period. State Street Corp’s holdings in Ispire Technology were worth $1,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its holdings in shares of Ispire Technology by 137.6% during the 3rd quarter. MetLife Investment Management LLC now owns 11,764 shares of the company’s stock worth $73,000 after purchasing an additional 6,812 shares in the last quarter. AdvisorShares Investments LLC raised its stake in shares of Ispire Technology by 10.0% in the second quarter. AdvisorShares Investments LLC now owns 175,858 shares of the company’s stock valued at $1,361,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Ispire Technology by 9.3% in the second quarter. Bank of New York Mellon Corp now owns 46,119 shares of the company’s stock worth $369,000 after purchasing an additional 3,931 shares during the period. 5.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Ispire Technology Trading Down 2.4 %

Shares of ISPR opened at $4.91 on Friday. The stock has a 50 day simple moving average of $5.97 and a 200-day simple moving average of $6.72. The stock has a market cap of $278.14 million, a PE ratio of -14.44 and a beta of 2.84. Ispire Technology Inc. has a 1 year low of $4.90 and a 1 year high of $12.86.

Ispire Technology (NASDAQ:ISPR) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). Ispire Technology had a negative return on equity of 58.50% and a negative net margin of 12.80%. The firm had revenue of $39.34 million during the quarter, compared to analyst estimates of $45.60 million. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, sell-side analysts forecast that Ispire Technology Inc. will post -0.24 EPS for the current fiscal year.

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.