Cantor Equity Partners (NASDAQ:CEPO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cantor Equity Partners (NASDAQ:CEPO) from a sell rating to a hold rating in a research report released on Saturday morning.

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

Cantor Equity Partners Stock Performance

Shares of Cantor Equity Partners stock opened at $10.80 on Friday. The company has a market cap of $275.40 million, a P/E ratio of -22.98 and a beta of -0.05. The firm has a 50-day simple moving average of $10.59 and a two-hundred day simple moving average of $10.55. Cantor Equity Partners has a fifty-two week low of $8.22 and a fifty-two week high of $10.97.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lineage Point Capital LP acquired a new position in Cantor Equity Partners in the fourth quarter valued at $124,000. Qube Research & Technologies Ltd acquired a new stake in shares of Cantor Equity Partners in the 2nd quarter valued at approximately $155,000. JPMorgan Chase & Co. purchased a new stake in shares of Cantor Equity Partners during the 2nd quarter worth $295,000. Prelude Capital Management LLC acquired a new position in Cantor Equity Partners during the third quarter worth about $261,000. Finally, Bank of America Corp DE purchased a new position in Cantor Equity Partners in the 2nd quarter valued at approximately $298,000.

Cantor Equity Partners Company Profile

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.