Cantor Equity Partners (NASDAQ:CEPO) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Cantor Equity Partners (NASDAQ:CEPO) from a strong sell rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cantor Equity Partners in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Cantor Equity Partners Price Performance

Shares of NASDAQ:CEPO opened at $10.57 on Friday. The company has a market cap of $269.54 million, a P/E ratio of -22.49 and a beta of -0.09. Cantor Equity Partners has a 52 week low of $10.27 and a 52 week high of $16.50. The business has a fifty day simple moving average of $10.53 and a 200-day simple moving average of $10.48.

Cantor Equity Partners (NASDAQ:CEPO) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.16) EPS for the quarter.

Institutional Investors Weigh In On Cantor Equity Partners

Institutional investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. purchased a new stake in Cantor Equity Partners during the third quarter valued at about $2,615,000. BCK Capital Management LP purchased a new stake in Cantor Equity Partners during the third quarter valued at about $1,261,000. Hudson Bay Capital Management LP purchased a new stake in Cantor Equity Partners during the third quarter valued at about $52,300,000. FNY Investment Advisers LLC purchased a new stake in Cantor Equity Partners during the third quarter valued at about $1,066,000. Finally, Readystate Asset Management LP purchased a new stake in Cantor Equity Partners during the third quarter valued at about $318,000.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.

The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.