RedCloud’s (RCT) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of RedCloud (NASDAQ:RCT) in a report released on Friday morning,Benzinga reports. They currently have a $5.00 target price on the stock.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RedCloud in a report on Monday, December 8th. Wall Street Zen raised shares of RedCloud to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, RedCloud presently has a consensus rating of “Hold” and a consensus target price of $5.00.

RedCloud Stock Performance

RCT stock opened at $1.69 on Friday. RedCloud has a twelve month low of $0.80 and a twelve month high of $5.36. The firm has a 50 day moving average of $1.74.

Hedge Funds Weigh In On RedCloud

An institutional investor recently raised its position in RedCloud stock. UBS Group AG grew its holdings in shares of RedCloud Holdings plc (NASDAQ:RCT) by 2,359.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,365 shares of the company’s stock after purchasing an additional 315,016 shares during the quarter. UBS Group AG owned about 0.83% of RedCloud worth $594,000 at the end of the most recent reporting period.

RedCloud Company Profile

We have developed and operate the RedCloud platform (the “Platform”), that facilitates the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. We believe the Platform solves a decades old problem of how to unlock and enable access of key purchase and sales data between brands, distributors and retailers in high growth consumer markets.