Barclays PLC Acquires 20,782 Shares of Ispire Technology Inc. (NASDAQ:ISPR)

Barclays PLC lifted its holdings in shares of Ispire Technology Inc. (NASDAQ:ISPR) by 311.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,461 shares of the company’s stock after acquiring an additional 20,782 shares during the quarter. Barclays PLC’s holdings in Ispire Technology were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Zacks Investment Management purchased a new position in shares of Ispire Technology during the third quarter valued at approximately $96,000. State Street Corp boosted its holdings in Ispire Technology by 2.0% in 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 in the last quarter. MetLife Investment Management LLC grew its stake in shares of Ispire Technology by 137.6% in 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 during the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Ispire Technology by 10.0% during the second quarter. AdvisorShares Investments LLC now owns 175,858 shares of the company’s stock valued at $1,361,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Ispire Technology by 9.3% in the 2nd 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 last quarter. Institutional investors own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ispire Technology Price Performance

NASDAQ ISPR opened at $4.74 on Wednesday. The stock has a market capitalization of $268.51 million, a PE ratio of -13.94 and a beta of 2.92. Ispire Technology Inc. has a 1-year low of $4.73 and a 1-year high of $12.56. The business has a 50 day simple moving average of $5.87 and a two-hundred day simple moving average of $6.65.

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

Ispire Technology 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.