Fintel reports that on December 18, 2023, Jefferies initiated coverage of Presto Automation (NASDAQ:PRST) with a Hold recommendation.
Analyst Price Forecast Suggests 149.96% Upside
As of December 16, 2023, the average one-year price target for Presto Automation is 1.53. The forecasts range from a low of 1.01 to a high of $2.10. The average price target represents an increase of 149.96% from its latest reported closing price of 0.61.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Presto Automation is 43MM, an increase of 83.89%. The projected annual non-GAAP EPS is -0.92.
What is the Fund Sentiment?
There are 104 funds or institutions reporting positions in Presto Automation. This is an increase of 25 owner(s) or 31.65% in the last quarter. Average portfolio weight of all funds dedicated to PRST is 0.05%, a decrease of 6.03%. Total shares owned by institutions increased in the last three months by 7.21% to 7,476K shares.
What are Other Shareholders Doing?
Susquehanna International Group, Llp holds 2,516K shares representing 3.74% ownership of the company. In it's prior filing, the firm reported owning 2,468K shares, representing an increase of 1.91%. The firm decreased its portfolio allocation in PRST by 86.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,445K shares representing 2.15% ownership of the company. No change in the last quarter.
PTF - Invesco DWA Technology Momentum ETF holds 1,252K shares representing 1.86% ownership of the company.
Schechter Investment Advisors holds 486K shares representing 0.72% ownership of the company. In it's prior filing, the firm reported owning 103K shares, representing an increase of 78.72%. The firm increased its portfolio allocation in PRST by 37.24% over the last quarter.
Kepos Capital holds 471K shares representing 0.70% ownership of the company.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
