MoneyHero (NASDAQ:MNY) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

MoneyHero (NASDAQ:MNY - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08), RTT News reports. MoneyHero had a negative return on equity of 31.70% and a negative net margin of 22.13%.The company had revenue of $21.12 million during the quarter, compared to analyst estimates of $23.33 million. During the same quarter in the previous year, the business posted $0.10 earnings per share.MoneyHero Trading Down 21.3%MNY opened at $1.26 on Friday. MoneyHero has a fifty-two week low of $0.55 and a fifty-two week high of $2.40. The firm has a market capitalization of $52.81 million, a PE ratio of -2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.19. The company's 50-day moving average is $1.32 and its 200 day moving average is $1.36. Wall Street Analysts Forecast GrowthSeveral brokerages have recently commented on MNY. Weiss Ratings restated a "sell (e+)" rating on shares of MoneyHero in a research note on Thursday. Wall Street Zen lowered MoneyHero from a "buy" rating to a "hold" rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $4.00.View Our Latest Research Report on MNYInstitutional Trading of MoneyHeroAn institutional investor recently bought a new position in MoneyHero stock. Virtu Financial LLC purchased a new position in shares of MoneyHero Limited (NASDAQ:MNY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,445 shares of the company's stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero at the end of the most recent quarter. Institutional investors own 30.86% of the company's stock. About MoneyHero (Get Free Report)MoneyHero Limited operates as a personal finance company. It engages in operation of online financial comparison platforms and related services. The company offers its products under Money Hero, SingSaver, Money101, MoneyMax, CompareHero, Seedly, and Creatory brands. MoneyHero Limited operates in Singapore, Hong Kong, Taiwan, the Philippines, Malaysia, and Thailand.Read MoreFive stocks we like better than MoneyHeroEarnings Per Share Calculator: How to Calculate EPSGates Foundation Sells MSFT Stock—Should Investors Be Worried?What is the Shanghai Stock Exchange Composite Index?MarketBeat Week in Review – 12/1 - 12/5How to Read Stock Charts for BeginnersRocket Lab’s Big Rebound? Analysts Suggest the Dip's a GiftShould You Invest $1,000 in MoneyHero Right Now?Before you consider MoneyHero, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MoneyHero wasn't on the list.While MoneyHero currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here