BTIG Research Begins Coverage on SunCar Technology Group (NASDAQ:SDA)

Stock analysts at BTIG Research assumed coverage on shares of SunCar Technology Group (NASDAQ:SDA) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. BTIG Research’s target price indicates a potential upside of 25.39% from the company’s current price.

SunCar Technology Group Stock Performance

Shares of SDA opened at $9.57 on Monday. The business has a fifty day moving average of $9.60 and a 200 day moving average of $9.52. SunCar Technology Group has a 52-week low of $5.71 and a 52-week high of $11.74.

Institutional Trading of SunCar Technology Group

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake 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 purchasing an additional 3,877 shares during the period. XTX Topco Ltd grew its holdings in shares of SunCar Technology Group by 24.6% in the second quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after purchasing an additional 3,596 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake 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 buying an additional 1,116 shares during the period. Institutional investors own 0.26% of the company’s stock.

About SunCar Technology Group

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.