Triller Group (NASDAQ:ILLR) Stock to Reverse Split on Tuesday, June 23rd

Shares of Triller Group Inc. (NASDAQ:ILLR) are going to reverse split on the morning of Tuesday, June 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.

Triller Group Stock Performance

Triller Group stock opened at $0.16 on Friday. The company has a market capitalization of $31.04 million, a P/E ratio of -0.22 and a beta of -1.65. Triller Group has a fifty-two week low of $0.00 and a fifty-two week high of $1.73. The stock has a 50-day simple moving average of $0.23 and a 200-day simple moving average of $0.25.

Triller Group (NASDAQ:ILLR) last announced its earnings results on Wednesday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $5.03 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Triller Group in a report on Thursday, June 11th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Triller Group has a consensus rating of “Sell”.

Institutional Investors Weigh In On Triller Group

A number of institutional investors and hedge funds have recently made changes to their positions in ILLR. Vanguard Group Inc. boosted its stake in shares of Triller Group by 329.7% during the third quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock worth $2,267,000 after buying an additional 2,095,390 shares during the period. Geode Capital Management LLC increased its position in Triller Group by 1,421.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock valued at $1,269,000 after acquiring an additional 1,274,403 shares during the period. Jones Financial Companies Lllp purchased a new stake in Triller Group during the 1st quarter valued at approximately $872,000. Goldman Sachs Group Inc. raised its stake in Triller Group by 358.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock valued at $412,000 after acquiring an additional 412,758 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Triller Group during the 2nd quarter worth approximately $140,000. 0.04% of the stock is owned by hedge funds and other institutional investors.

Triller Group Company Profile

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.