Starboard Value Acquisition (NASDAQ:SVAC – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.21) EPS for the quarter, FiscalAI reports.
Starboard Value Acquisition Price Performance
Shares of NASDAQ SVAC opened at $9.12 on Friday. Starboard Value Acquisition has a 52-week low of $7.35 and a 52-week high of $12.00. The business has a fifty day moving average of $9.14 and a two-hundred day moving average of $9.92.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Starboard Value Acquisition presently has an average rating of “Sell”.
Hedge Funds Weigh In On Starboard Value Acquisition
Institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. bought a new stake in Starboard Value Acquisition during the 4th quarter worth about $73,000. Virtu Financial LLC bought a new position in shares of Starboard Value Acquisition in the fourth quarter worth about $186,000. Cannon Global Investment Management LLC bought a new position in shares of Starboard Value Acquisition in the first quarter worth about $279,000. Readystate Asset Management LP acquired a new position in shares of Starboard Value Acquisition during the first quarter worth approximately $311,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Starboard Value Acquisition during the fourth quarter worth approximately $445,000.
Starboard Value Acquisition Company Profile
Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.
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