Cantor Fitzgerald Initiates Coverage on Enhanced Group (NYSE:ENHA)

Investment analysts at Cantor Fitzgerald began coverage on shares of Enhanced Group (NYSE:ENHA) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $4.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 169.36% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Enhanced Group to a “strong sell” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Enhanced Group from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. Finally, Canaccord Genuity Group reduced their target price on shares of Enhanced Group from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.50.

Enhanced Group Trading Up 3.8%

Shares of NYSE:ENHA opened at $1.49 on Wednesday. Enhanced Group has a 12 month low of $1.40 and a 12 month high of $14.00. The stock’s fifty day moving average is $2.08.

Enhanced Group (NYSE:ENHA) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.53) earnings per share (EPS) for the quarter. The business had revenue of $17.70 million for the quarter.

About Enhanced Group

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.