RedCloud (NASDAQ:RCT – Get Free Report)‘s stock had its “buy” rating restated by analysts at Roth Capital in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $4.50 target price on the stock, down from their prior target price of $5.00. Roth Capital’s price target would indicate a potential upside of 233.33% from the company’s previous close.
Several other analysts have also recently weighed in on RCT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RedCloud in a research report on Monday, December 8th. Rosenblatt Securities restated a “buy” rating and set a $5.00 price target on shares of RedCloud in a research report on Friday, December 12th. Finally, Wall Street Zen raised RedCloud to a “hold” rating in a research note on Monday, September 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RedCloud has an average rating of “Hold” and an average target price of $4.75.
Read Our Latest Stock Report on RCT
RedCloud Stock Performance
Institutional Inflows and Outflows
An institutional investor recently raised its position in RedCloud stock. UBS Group AG increased its stake in RedCloud Holdings plc (NASDAQ:RCT – Free Report) by 2,359.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,365 shares of the company’s stock after purchasing an additional 315,016 shares during the quarter. UBS Group AG owned 0.83% of RedCloud worth $594,000 at the end of the most recent quarter.
About RedCloud
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.
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