Insight Digital Partners II (NASDAQ:DYOR) Releases Earnings Results

Insight Digital Partners II (NASDAQ:DYOR) announced its earnings results on Monday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Insight Digital Partners II Trading Up 0.2%

Shares of DYOR opened at $10.18 on Tuesday. The firm has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $10.06. Insight Digital Partners II has a 1-year low of $9.87 and a 1-year high of $10.47.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Insight Digital Partners II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Insight Digital Partners II has an average rating of “Sell”.

Institutional Trading of Insight Digital Partners II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp acquired a new stake in Insight Digital Partners II during the third quarter worth about $4,060,000. First Trust Capital Management L.P. bought a new position in Insight Digital Partners II in the 3rd quarter worth approximately $7,037,000. Context Capital Management LLC bought a new stake in shares of Insight Digital Partners II during the 3rd quarter worth about $3,045,000. Sona Asset Management US LLC acquired a new position in Insight Digital Partners II during the first quarter worth about $2,221,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Insight Digital Partners II in the 1st quarter worth approximately $3,984,000.

Insight Digital Partners II Company Profile

Insight Digital Partners II is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, acquisition or similar business combination with an operating company.

Unlike a traditional operating company, Insight Digital Partners II does not offer products or services to customers of its own. Its business activity centers on identifying and completing a transaction with a target company; until then, it has no independent operating business to describe.