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

Wall Street Zen upgraded shares of Cantor Equity Partners (NASDAQ:CEPO – Free Report) from a sell rating to a hold rating in a research report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cantor Equity Partners in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cantor Equity Partners presently has an average rating of “Sell”.

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Cantor Equity Partners Stock Performance

NASDAQ:CEPO opened at $10.80 on Friday. The firm has a market cap of $275.40 million, a price-to-earnings ratio of -22.98 and a beta of -0.05. Cantor Equity Partners has a 52 week low of $8.22 and a 52 week high of $10.97. The firm has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $10.55.

Cantor Equity Partners (NASDAQ:CEPO – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BCK Capital Management LP increased its stake in shares of Cantor Equity Partners by 221.9% during the 4th quarter. BCK Capital Management LP now owns 388,000 shares of the company’s stock worth $4,039,000 after purchasing an additional 267,468 shares during the last quarter. L1 Global Manager Pty Ltd bought a new stake in shares of Cantor Equity Partners in the 4th quarter worth approximately $524,000. Marshall Wace LLP purchased a new position in Cantor Equity Partners in the second quarter valued at approximately $953,000. Massar Capital Management LP purchased a new position in Cantor Equity Partners in the second quarter valued at approximately $857,000. Finally, SIH Partners LLLP grew its holdings in Cantor Equity Partners by 38.9% during the fourth quarter. SIH Partners LLLP now owns 81,848 shares of the company’s stock valued at $853,000 after purchasing an additional 22,901 shares during the period.

Cantor Equity Partners Company Profile

(Get Free Report)

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.

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