Geode Capital Management LLC Has $2.81 Million Stake in Ispire Technology Inc. (NASDAQ:ISPR)

Geode Capital Management LLC raised its stake in shares of Ispire Technology Inc. (NASDAQ:ISPR - Free Report) by 77.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 452,444 shares of the company's stock after buying an additional 197,132 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Ispire Technology worth $2,808,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in Ispire Technology by 311.2% during the third quarter. Barclays PLC now owns 27,461 shares of the company's stock worth $171,000 after acquiring an additional 20,782 shares in the last quarter. AdvisorShares Investments LLC lifted its stake in 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 buying an additional 16,000 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Ispire Technology in the third quarter valued at approximately $96,000. MetLife Investment Management LLC increased its position in shares of Ispire Technology by 137.6% during the third quarter. MetLife Investment Management LLC now owns 11,764 shares of the company's stock worth $73,000 after acquiring an additional 6,812 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Ispire Technology by 2.0% during the third quarter. State Street Corp now owns 207,542 shares of the company's stock worth $1,288,000 after acquiring an additional 4,125 shares during the period. 5.00% of the stock is currently owned by institutional investors and hedge funds.

Ispire Technology Price Performance

Shares of ISPR traded down $0.20 during mid-day trading on Wednesday, hitting $4.54. 45,120 shares of the company's stock were exchanged, compared to its average volume of 68,784. Ispire Technology Inc. has a 52 week low of $4.50 and a 52 week high of $12.54. The company has a market cap of $257.18 million, a PE ratio of -13.35 and a beta of 2.92. The company has a 50-day simple moving average of $5.87 and a 200 day simple moving average of $6.65.

Ispire Technology (NASDAQ:ISPR - Get Free Report) last released its earnings results on Monday, November 11th. The company reported ($0.10) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.10). Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 58.50%. The business had revenue of $39.34 million during the quarter, compared to the consensus estimate of $45.60 million. During the same quarter last year, the firm earned ($0.04) earnings per share. On average, analysts anticipate that Ispire Technology Inc. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Roth Capital raised shares of Ispire Technology to a "strong-buy" rating in a research note on Friday, November 8th. Roth Mkm restated a "buy" rating and issued a $12.50 price target on shares of Ispire Technology in a report on Wednesday, October 2nd.

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.