SVF Investment Corp. 3 (NASDAQ:SVFC) Earns Buy Rating from Analysts at DA Davidson

DA Davidson initiated coverage on shares of SVF Investment Corp. 3 (NASDAQ:SVFCGet Rating) in a research note issued to investors on Thursday, The Fly reports. The brokerage issued a buy rating and a $15.00 price target on the stock.

Separately, Northland Securities started coverage on SVF Investment Corp. 3 in a report on Monday, May 16th. They set an outperform rating and a $16.00 price target for the company.

NASDAQ SVFC opened at $9.95 on Thursday. SVF Investment Corp. 3 has a 52 week low of $9.65 and a 52 week high of $10.24. The business’s fifty day simple moving average is $9.91 and its 200-day simple moving average is $9.93.

SVF Investment Corp. 3 (NASDAQ:SVFCGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported ($4.88) EPS for the quarter. The firm had revenue of $77.06 million during the quarter.

Several large investors have recently modified their holdings of SVFC. Beryl Capital Management LLC purchased a new stake in shares of SVF Investment Corp. 3 during the 3rd quarter worth about $5,900,000. Marshall Wace LLP lifted its position in SVF Investment Corp. 3 by 1,136.7% during the 3rd quarter. Marshall Wace LLP now owns 618,363 shares of the company’s stock worth $6,079,000 after acquiring an additional 568,363 shares in the last quarter. Millennium Management LLC lifted its position in SVF Investment Corp. 3 by 95.0% during the 4th quarter. Millennium Management LLC now owns 1,069,200 shares of the company’s stock worth $10,692,000 after acquiring an additional 520,980 shares in the last quarter. Weiss Asset Management LP acquired a new position in SVF Investment Corp. 3 during the 3rd quarter worth approximately $4,949,000. Finally, Levin Capital Strategies L.P. lifted its position in SVF Investment Corp. 3 by 419.5% during the 1st quarter. Levin Capital Strategies L.P. now owns 577,795 shares of the company’s stock worth $5,726,000 after acquiring an additional 466,566 shares in the last quarter. Institutional investors and hedge funds own 60.17% of the company’s stock.

About SVF Investment Corp. 3 (Get Rating)

SVF Investment Corp. 3 does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was formerly known as SVF Investment III Corp. and changed its name to SVF Investment Corp.

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