SunCar Technology Group (NASDAQ:SDA) Earns Buy Rating from Analysts at BTIG Research

BTIG Research began coverage on shares of SunCar Technology Group (NASDAQ:SDA) in a report released on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $12.00 price target on the stock.

SunCar Technology Group Price Performance

SDA stock opened at $9.65 on Monday. The business’s 50-day moving average is $9.60 and its two-hundred day moving average is $9.55. SunCar Technology Group has a fifty-two week low of $5.71 and a fifty-two week high of $11.74.

Institutional Trading of SunCar Technology Group

Several large investors have recently added to or reduced their stakes in SDA. State Street Corp raised its position in SunCar Technology Group by 33.5% in the third quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after acquiring an additional 3,877 shares during the period. XTX Topco Ltd increased its stake in shares of SunCar Technology Group by 24.6% in the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in SunCar Technology Group by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after purchasing an additional 1,116 shares during the period. 0.26% of the stock is currently owned by institutional investors.

SunCar Technology Group Company Profile

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.