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.
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.
Featured Story: What defines an oversold asset?
Receive News & Ratings for New Beginnings Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Beginnings Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.