New Beginnings Acquisition (NYSE:NBA) Now Covered by DA Davidson

Research analysts at DA Davidson began coverage on shares of New Beginnings Acquisition (NYSE:NBA) in a report issued on Wednesday, PriceTargets.com reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. DA Davidson’s price objective suggests a potential upside of 99.80% from the company’s current price.

Separately, Barrington Research assumed coverage on shares of New Beginnings Acquisition in a research report on Thursday, April 8th. They issued an “outperform” rating and a $15.00 target price for the company.

Shares of NBA opened at $10.01 on Wednesday. The firm has a 50-day simple moving average of $10.02. New Beginnings Acquisition has a fifty-two week low of $9.66 and a fifty-two week high of $11.00.

In other news, CEO Michael Liebowitz purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 19th. The stock was bought at an average cost of $10.01 per share, with a total value of $100,100.00.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in shares of New Beginnings Acquisition during the 1st quarter valued at $8,519,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in New Beginnings Acquisition during the first quarter worth $4,302,000. UBS Group AG bought a new position in New Beginnings Acquisition during the first quarter valued at about $3,005,000. Berkley W R Corp lifted its position in shares of New Beginnings Acquisition by 11.1% in the first quarter. Berkley W R Corp now owns 199,428 shares of the company’s stock worth $1,994,000 after buying an additional 19,908 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new stake in shares of New Beginnings Acquisition during the 1st quarter worth about $1,200,000. 52.97% of the stock is owned by institutional investors.

New Beginnings Acquisition Company Profile

New Beginnings Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Miami, Florida.

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