Investment analysts at Barrington Research initiated coverage on shares of New Beginnings Acquisition (NYSE:NBA) in a note issued to investors on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Barrington Research’s price objective points to a potential upside of 46.06% from the stock’s current price.
New Beginnings Acquisition stock opened at $10.27 on Thursday. New Beginnings Acquisition has a 12 month low of $9.66 and a 12 month high of $11.00. The stock has a 50 day moving average of $10.11.
A hedge fund recently bought a new stake in New Beginnings Acquisition stock. Radcliffe Capital Management L.P. acquired a new position in New Beginnings Acquisition Corp. (NYSE:NBA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,100 shares of the company’s stock, valued at approximately $202,000. Radcliffe Capital Management L.P. owned approximately 0.13% of New Beginnings Acquisition at the end of the most recent quarter.
New Beginnings Acquisition Corp. focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was founded in 2020 and is based in Miami, Florida.
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