Insight Digital Partners II (NASDAQ:DYOR) Issues Earnings Results

Insight Digital Partners II (NASDAQ:DYOR) posted its quarterly earnings data on Monday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Insight Digital Partners II Price Performance

Shares of NASDAQ DYOR traded up $0.01 during mid-day trading on Wednesday, reaching $10.18. The company had a trading volume of 355 shares, compared to its average volume of 40,244. Insight Digital Partners II has a 12-month low of $9.87 and a 12-month high of $10.47. The stock has a fifty day moving average of $10.15 and a two-hundred day moving average of $10.06.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Insight Digital Partners II in a research note on Tuesday. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Insight Digital Partners II

Hedge funds and other institutional investors have recently modified their holdings of the company. Sona Asset Management US LLC acquired a new position in Insight Digital Partners II in the 1st quarter worth about $2,221,000. Bulldog Investors LLP lifted its holdings in shares of Insight Digital Partners II by 57.0% during the 1st quarter. Bulldog Investors LLP now owns 323,088 shares of the company’s stock valued at $3,216,000 after buying an additional 117,290 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Insight Digital Partners II during the 1st quarter valued at about $3,984,000. Context Capital Management LLC bought a new stake in shares of Insight Digital Partners II in the 3rd quarter valued at approximately $3,045,000. Finally, First Trust Capital Management L.P. acquired a new position in Insight Digital Partners II in the third quarter worth approximately $7,037,000.

About Insight Digital Partners II

Insight Digital Partners II is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, acquisition or similar business combination with an operating company. Unlike a traditional operating company, Insight Digital Partners II does not offer products or services to customers of its own. Its business activity centers on identifying and completing a transaction with a target company; until then, it has no independent operating business to describe.