FNY Investment Advisers LLC Takes Position in GSR III Acquisition Corp. $GSRT

FNY Investment Advisers LLC bought a new stake in shares of GSR III Acquisition Corp. (NASDAQ:GSRT) during the second quarter, HoldingsChannel reports. The firm bought 90,900 shares of the company’s stock, valued at approximately $980,000.

A number of other hedge funds have also recently modified their holdings of the business. Huntleigh Advisors Inc. bought a new stake in shares of GSR III Acquisition during the 2nd quarter valued at $291,000. Tuttle Capital Management LLC purchased a new position in shares of GSR III Acquisition in the 2nd quarter worth about $378,000. Gritstone Asset Management LLC purchased a new position in shares of GSR III Acquisition in the 2nd quarter worth about $302,000. IFP Advisors Inc purchased a new position in shares of GSR III Acquisition in the 2nd quarter worth about $52,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of GSR III Acquisition in the 2nd quarter worth about $51,000.

GSR III Acquisition Price Performance

Shares of NASDAQ:GSRT opened at $15.52 on Wednesday. GSR III Acquisition Corp. has a fifty-two week low of $8.82 and a fifty-two week high of $15.62. The business has a 50-day simple moving average of $11.48 and a two-hundred day simple moving average of $10.86.

Wall Street Analyst Weigh In

GSRT has been the subject of several recent analyst reports. Roth Capital initiated coverage on GSR III Acquisition in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $20.00 price target for the company. Benchmark initiated coverage on GSR III Acquisition in a research report on Tuesday, August 12th. They issued a “buy” rating and a $19.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GSR III Acquisition in a research report on Wednesday, October 8th. Finally, Zacks Research raised GSR III Acquisition to a “hold” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.50.

GSR III Acquisition Profile

GSR III Acquisition Corp engages in the merger, share exchange, asset acquisition, share purchase or reorganization with one or more businesses. The company was founded on May 10, 2023 and is headquartered in Austin, Texas.