Antalpha Platform (NASDAQ:ANTA) Given New $9.50 Price Target at B. Riley Financial

Antalpha Platform (NASDAQ:ANTA) had its target price cut by equities research analysts at B. Riley Financial from $10.00 to $9.50 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s target price points to a potential upside of 11.70% from the company’s previous close.

Antalpha Platform Trading Up 0.1%

ANTA traded up $0.01 during trading on Wednesday, hitting $8.51. 2,244 shares of the stock traded hands, compared to its average volume of 6,494. The firm has a market capitalization of $196.47 million and a P/E ratio of 11.95. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day moving average of $8.21 and a 200 day moving average of $9.05. Antalpha Platform has a 12-month low of $6.25 and a 12-month high of $15.65.

Antalpha Platform (NASDAQ:ANTA) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Antalpha Platform had a net margin of 23.21% and a return on equity of 18.58%. The business had revenue of $20.72 million during the quarter. Equities research analysts anticipate that Antalpha Platform will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Antalpha Platform during the 2nd quarter valued at about $31,000. Oxford Asset Management LLP purchased a new stake in shares of Antalpha Platform during the 2nd quarter valued at about $143,000. Finally, State of Wyoming bought a new stake in shares of Antalpha Platform in the third quarter worth approximately $184,000.

Antalpha Platform Company Profile

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.