Freightos (NASDAQ:CRGO – Get Free Report) had its target price cut by stock analysts at Oppenheimer from $4.50 to $3.50 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 110.84% from the company’s previous close.
Separately, Chardan Capital reduced their price target on shares of Freightos from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd.
Read Our Latest Research Report on CRGO
Freightos Price Performance
Freightos (NASDAQ:CRGO – Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The firm had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.55 million. Freightos had a negative net margin of 99.95% and a negative return on equity of 19.04%. During the same period in the prior year, the company posted ($0.10) EPS. As a group, analysts predict that Freightos will post -0.4 earnings per share for the current year.
Institutional Trading of Freightos
A hedge fund recently bought a new stake in Freightos stock. M&G Plc purchased a new stake in Freightos Limited (NASDAQ:CRGO – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,771,094 shares of the company’s stock, valued at approximately $4,339,000. M&G Plc owned 3.70% of Freightos as of its most recent filing with the SEC. Institutional investors and hedge funds own 22.72% of the company’s stock.
Freightos Company Profile
Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.
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