SHF Holdings, Inc. (NASDAQ:SHFS – Get Rating)'s stock price rose 0.8% during trading on Monday . The company traded as high as $1.32 and last traded at $1.23. Approximately 1,718 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 33,089 shares. The stock had previously closed at $1.22.
Analysts Set New Price Targets
Separately, EF Hutton Acquisition Co. I initiated coverage on shares of SHF in a report on Wednesday, October 26th. They issued a "buy" rating and a $10.50 price target on the stock.
Get SHF alerts:SHF Trading Up 0.8 %
The company's 50 day simple moving average is $2.69.
SHF (NASDAQ:SHFS – Get Rating) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.38 million during the quarter.Institutional Investors Weigh In On SHF
A hedge fund recently bought a new stake in SHF stock. Cohen & Co Financial Management LLC purchased a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,002,669 shares of the company's stock, valued at approximately $7,009,000. SHF accounts for approximately 12.1% of Cohen & Co Financial Management LLC's holdings, making the stock its largest holding. Cohen & Co Financial Management LLC owned about 6.73% of SHF at the end of the most recent reporting period. Hedge funds and other institutional investors own 82.04% of the company's stock.
About SHF
(Get Rating)
SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.
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