THUNDER BRDG AC/SH SH (NASDAQ:TBRG) Shares Gap Up to $11.54

THUNDER BRDG AC/SH SH NV (NASDAQ:TBRG)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.22, but opened at $11.54. THUNDER BRDG AC/SH SH shares last traded at $12.31, with a volume of 12,999 shares changing hands.

TBRG has been the subject of several recent research reports. William Blair reissued a “buy” rating on shares of Dynavax Technologies in a report on Friday, June 21st. Northland Securities reissued a “buy” rating and set a $15.00 price target on shares of THUNDER BRDG AC/SH SH in a report on Thursday, June 27th.

The stock’s fifty day moving average price is $10.49. The company has a market capitalization of $265.74 million and a price-to-earnings ratio of -95.07.



THUNDER BRDG AC/SH SH (NASDAQ:TBRG) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. As a group, equities analysts predict that THUNDER BRDG AC/SH SH NV will post 0.09 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FSI Group LLC bought a new position in shares of THUNDER BRDG AC/SH SH in the first quarter worth about $1,005,000. Yakira Capital Management Inc. boosted its stake in shares of THUNDER BRDG AC/SH SH by 266.7% in the first quarter. Yakira Capital Management Inc. now owns 550,000 shares of the company’s stock worth $5,610,000 after acquiring an additional 400,000 shares during the period. Periscope Capital Inc. boosted its stake in shares of THUNDER BRDG AC/SH SH by 154.5% in the first quarter. Periscope Capital Inc. now owns 1,230,100 shares of the company’s stock worth $12,548,000 after acquiring an additional 746,700 shares during the period. Weiss Asset Management LP boosted its stake in shares of THUNDER BRDG AC/SH SH by 53.7% in the first quarter. Weiss Asset Management LP now owns 1,349,000 shares of the company’s stock worth $13,760,000 after acquiring an additional 471,226 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of THUNDER BRDG AC/SH SH by 81.4% in the first quarter. Bank of Montreal Can now owns 1,824,774 shares of the company’s stock worth $18,613,000 after acquiring an additional 818,774 shares during the period. 80.44% of the stock is owned by hedge funds and other institutional investors.

THUNDER BRDG AC/SH SH Company Profile (NASDAQ:TBRG)

Thunder Bridge Acquisition, Ltd. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or business combination. The company was founded in 2017 and is based in Great Falls, Virginia.

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