Starboard Value Acquisition (NASDAQ:SVAC) Issues Earnings Results

Starboard Value Acquisition (NASDAQ:SVAC) announced its quarterly earnings results on Wednesday. The company reported ($0.21) EPS for the quarter, FiscalAI reports.

Starboard Value Acquisition Stock Performance

SVAC opened at $9.12 on Wednesday. Starboard Value Acquisition has a 52 week low of $7.35 and a 52 week high of $12.00. The business has a fifty day simple moving average of $9.18 and a 200-day simple moving average of $9.94.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SVAC. Clear Street Group Inc. acquired a new stake in Starboard Value Acquisition during the 4th quarter worth approximately $73,000. Virtu Financial LLC acquired a new position in shares of Starboard Value Acquisition in the fourth quarter worth $186,000. Cannon Global Investment Management LLC acquired a new position in shares of Starboard Value Acquisition in the first quarter worth $279,000. Readystate Asset Management LP purchased a new stake in shares of Starboard Value Acquisition during the first quarter worth $311,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter worth $445,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.