Starboard Value Acquisition (NASDAQ:SVAC) Releases Earnings Results

Starboard Value Acquisition (NASDAQ:SVAC) announced its quarterly earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, FiscalAI reports.

Starboard Value Acquisition Stock Performance

NASDAQ SVAC opened at $9.12 on Thursday. The firm’s 50 day moving average price is $9.16 and its 200-day moving average price is $9.93. Starboard Value Acquisition has a 52-week low of $7.35 and a 52-week high of $12.00.

Analyst Ratings Changes

Separately, Weiss Ratings raised Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Starboard Value Acquisition has an average rating of “Sell”.

Hedge Funds Weigh In On Starboard Value Acquisition

A number of large investors have recently bought and sold shares of the business. Readystate Asset Management LP bought a new stake in Starboard Value Acquisition during the 1st quarter valued at $311,000. Rivernorth Capital Management LLC bought a new position in shares of Starboard Value Acquisition in the 1st quarter worth $4,394,000. Cannon Global Investment Management LLC purchased a new stake in shares of Starboard Value Acquisition during the 1st quarter worth $279,000. Virtu Financial LLC purchased a new stake in shares of Starboard Value Acquisition during the 4th quarter worth $186,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Starboard Value Acquisition during the fourth quarter valued at about $10,150,000.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.