Cantor Equity Partners (NASDAQ:CEPO) Raised to Hold at Wall Street Zen

Cantor Equity Partners (NASDAQ:CEPO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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

Cantor Equity Partners Stock Performance

Shares of CEPO opened at $10.80 on Friday. Cantor Equity Partners has a fifty-two week low of $8.22 and a fifty-two week high of $10.97. The firm has a market cap of $275.40 million, a price-to-earnings ratio of -22.98 and a beta of -0.05. The firm has a 50 day moving average price of $10.58 and a 200-day moving average price of $10.55.

Cantor Equity Partners (NASDAQ:CEPO) last released its earnings results on Friday, August 14th. The company reported $0.26 EPS for the quarter.

Hedge Funds Weigh In On Cantor Equity Partners

Several hedge funds and other institutional investors have recently modified their holdings of CEPO. Anson Funds Management LP purchased a new position in Cantor Equity Partners during the 4th quarter valued at about $21,234,000. Pantera Capital Partners LP bought a new position in Cantor Equity Partners during the 3rd quarter valued at approximately $15,690,000. Crossingbridge Advisors LLC bought a new position in Cantor Equity Partners during the 4th quarter valued at approximately $9,512,000. Berkley W R Corp lifted its holdings in Cantor Equity Partners by 467.6% in the 4th quarter. Berkley W R Corp now owns 970,527 shares of the company’s stock worth $10,103,000 after buying an additional 799,533 shares during the period. Finally, Feynman Point Asset Management LLC purchased a new stake in Cantor Equity Partners in the 4th quarter worth approximately $5,205,000.

About Cantor Equity Partners

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.