Triller Group (NASDAQ:ILLR) Issues Quarterly Earnings Results

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

Triller Group Stock Down 50.5%

ILLR stock opened at $0.73 on Wednesday. The business has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.43. The stock has a market cap of $145.28 million, a price-to-earnings ratio of -1.04 and a beta of -1.65. Triller Group has a fifty-two week low of $0.01 and a fifty-two week high of $17.30.

Hedge Funds Weigh In On Triller Group

Several hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC lifted its position in shares of Triller Group by 267.9% during the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after buying an additional 33,308 shares during the last quarter. Invesco Ltd. acquired a new stake in Triller Group during the 2nd quarter worth $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Triller Group during the 2nd quarter worth $52,000. Bank of America Corp DE lifted its position in Triller Group by 645.3% in the second quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock valued at $53,000 after acquiring an additional 48,994 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Triller Group by 1,551.6% in the second quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock valued at $113,000 after acquiring an additional 113,683 shares during the last quarter. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Triller Group in a research report on Thursday, June 11th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.