Lafayette Acquisition (NASDAQ:LAFA) Issues Earnings Results

Lafayette Acquisition (NASDAQ:LAFA) posted its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Lafayette Acquisition Price Performance

Shares of LAFA stock remained flat at $10.13 on Friday. The company had a trading volume of 308 shares, compared to its average volume of 4,623. Lafayette Acquisition has a 52-week low of $9.87 and a 52-week high of $10.20. The business’s 50 day moving average is $10.10.

Hedge Funds Weigh In On Lafayette Acquisition

Hedge funds have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC bought a new stake in shares of Lafayette Acquisition during the fourth quarter worth $248,000. Moore Capital Management LP purchased a new position in Lafayette Acquisition in the 4th quarter worth about $990,000. Clear Street Group Inc. purchased a new position in Lafayette Acquisition in the 4th quarter worth about $1,273,000. Berkley W R Corp bought a new stake in Lafayette Acquisition during the 4th quarter valued at about $1,473,000. Finally, Radcliffe Capital Management L.P. bought a new stake in Lafayette Acquisition during the 4th quarter valued at about $1,980,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Lafayette Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Lafayette Acquisition

Lafayette Acquisition Corp. (NASDAQ: LAFA) is a special purpose acquisition company (SPAC) formed to identify, acquire, or merge with one or more operating businesses. As a blank‑check vehicle, its primary business activity is sourcing and completing a business combination that would result in a privately held company becoming publicly traded through the SPAC structure.

The company raises capital from public market investors and typically holds the IPO proceeds in trust while its management and sponsors evaluate potential targets.