BTIG Research initiated coverage on shares of SunCar Technology Group (NASDAQ:SDA - Free Report) in a report released on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $12.00 price objective on the stock.
SunCar Technology Group Stock Performance
Shares of NASDAQ SDA traded down $0.11 during midday trading on Monday, hitting $9.46. The company's stock had a trading volume of 527,142 shares, compared to its average volume of 297,949. The stock has a fifty day moving average price of $9.60 and a 200 day moving average price of $9.53. SunCar Technology Group has a one year low of $5.71 and a one year high of $11.74.
Institutional Investors Weigh In On SunCar Technology Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd increased its position in shares of SunCar Technology Group by 24.6% in the second quarter. XTX Topco Ltd now owns 18,186 shares of the company's stock worth $166,000 after purchasing an additional 3,596 shares during the last quarter. State Street Corp grew its stake in SunCar Technology Group by 33.5% in the 3rd quarter. State Street Corp now owns 15,461 shares of the company's stock worth $170,000 after buying an additional 3,877 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of SunCar Technology Group by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company's stock worth $269,000 after buying an additional 1,116 shares during the last quarter. 0.26% of the stock is owned by hedge funds and other institutional investors.
SunCar Technology Group Company Profile
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SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.
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