Sizzle Acquisition Corp. II (NASDAQ:SZZL) Releases Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) issued its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Price Performance

NASDAQ:SZZL traded down $0.01 during midday trading on Friday, hitting $10.41. 146,113 shares of the stock were exchanged, compared to its average volume of 65,463. Sizzle Acquisition Corp. II has a one year low of $9.21 and a one year high of $10.50. The business has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $10.31.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Sizzle Acquisition Corp. II

Several hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC boosted its stake in Sizzle Acquisition Corp. II by 23.6% during the fourth quarter. Wolverine Asset Management LLC now owns 1,001,497 shares of the company’s stock valued at $10,175,000 after buying an additional 191,078 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sizzle Acquisition Corp. II in the first quarter worth about $4,112,000. Sona Asset Management US LLC bought a new stake in Sizzle Acquisition Corp. II in the first quarter worth about $1,040,000. Radcliffe Capital Management L.P. raised its position in Sizzle Acquisition Corp. II by 14.5% in the fourth quarter. Radcliffe Capital Management L.P. now owns 489,484 shares of the company’s stock worth $4,973,000 after acquiring an additional 62,039 shares in the last quarter. Finally, Rangeley Capital LLC acquired a new stake in Sizzle Acquisition Corp. II in the 1st quarter valued at about $103,000.

Sizzle Acquisition Corp. II Company Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.