Collective Acquisition (NASDAQ:CCAQ) Posts Quarterly Earnings Results

Collective Acquisition (NASDAQ:CCAQ) announced its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, FiscalAI reports.

Collective Acquisition Stock Up 0.2%

NASDAQ CCAQ opened at $10.62 on Friday. Collective Acquisition has a 1-year low of $10.15 and a 1-year high of $10.88. The business’s 50-day simple moving average is $10.49 and its 200-day simple moving average is $10.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Collective Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Collective Acquisition currently has an average rating of “Sell”.

Institutional Trading of Collective Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. raised its holdings in Collective Acquisition by 4.5% in the first quarter. Polar Asset Management Partners Inc. now owns 574,900 shares of the company’s stock valued at $5,939,000 after buying an additional 24,900 shares during the period. Berkley W R Corp grew its stake in Collective Acquisition by 29.8% during the first quarter. Berkley W R Corp now owns 648,960 shares of the company’s stock worth $6,704,000 after buying an additional 148,805 shares during the period. Finally, Sona Asset Management US LLC purchased a new stake in Collective Acquisition during the first quarter worth approximately $1,592,000.

Collective Acquisition Company Profile

Dune Acquisition Corporation II is a blank-check company, also known as a special purpose acquisition company (SPAC), whose Class A ordinary shares trade on the Nasdaq under the symbol IPOD. The company was formed to raise capital through an initial public offering and place the proceeds into a trust account while it searches for a business combination. Dune Acquisition Corporation II does not have ongoing operating activities, products, or services of its own. Its primary objective is to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more businesses.