Digital Asset Acquisition (NASDAQ:DAAQ) Posts Quarterly Earnings Results

Digital Asset Acquisition (NASDAQ:DAAQ) posted its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Digital Asset Acquisition Trading Up 4.6%

NASDAQ DAAQ opened at $8.80 on Tuesday. Digital Asset Acquisition has a 12-month low of $6.60 and a 12-month high of $10.49. The company has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $10.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Asset Acquisition in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Digital Asset Acquisition presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Berkley W R Corp acquired a new position in Digital Asset Acquisition during the first quarter valued at approximately $7,796,000. Sona Asset Management US LLC acquired a new stake in shares of Digital Asset Acquisition in the first quarter worth $2,614,000. Lineage Point Capital LP acquired a new stake in shares of Digital Asset Acquisition in the fourth quarter worth $1,016,000. Virtu Financial LLC bought a new stake in shares of Digital Asset Acquisition during the 4th quarter worth $869,000. Finally, Periscope Capital Inc. grew its stake in Digital Asset Acquisition by 317.4% in the 4th quarter. Periscope Capital Inc. now owns 150,000 shares of the company’s stock valued at $1,524,000 after buying an additional 114,062 shares during the last quarter.

Digital Asset Acquisition Company Profile

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.