Cantor Equity Partners (NASDAQ:CEPO) Rating Lowered to Strong Sell at Wall Street Zen

Cantor Equity Partners (NASDAQ:CEPO) was downgraded by equities researchers at Wall Street Zen to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cantor Equity Partners in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cantor Equity Partners has an average rating of “Sell”.

Cantor Equity Partners Stock Up 0.0%

Cantor Equity Partners stock opened at $10.49 on Friday. The stock has a market cap of $267.37 million, a price-to-earnings ratio of -38.83 and a beta of -0.23. The business has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $10.46. Cantor Equity Partners has a 52 week low of $10.17 and a 52 week high of $16.50.

Cantor Equity Partners (NASDAQ:CEPO) last released its quarterly earnings results on Friday, February 27th. The company reported ($0.44) earnings per share for the quarter.

Institutional Investors Weigh In On Cantor Equity Partners

Large investors have recently added to or reduced their stakes in the company. Lineage Point Capital LP bought a new stake in Cantor Equity Partners during the fourth quarter worth about $124,000. Feynman Point Asset Management LLC bought a new position in shares of Cantor Equity Partners during the 4th quarter valued at about $5,205,000. Toronto Dominion Bank increased its position in shares of Cantor Equity Partners by 100.9% during the 4th quarter. Toronto Dominion Bank now owns 759,951 shares of the company’s stock valued at $7,916,000 after purchasing an additional 381,719 shares during the last quarter. Readystate Asset Management LP raised its holdings in shares of Cantor Equity Partners by 115.8% during the 4th quarter. Readystate Asset Management LP now owns 65,532 shares of the company’s stock valued at $683,000 after buying an additional 35,162 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in shares of Cantor Equity Partners during the 4th quarter valued at about $1,695,000.

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.