Cantor Equity Partners III (NASDAQ:CAEP) Given Sell (E) Rating at Weiss Ratings

Key Points

• Cantor Equity Partners III (NASDAQ:CAEP) has received a sell (e) rating from Weiss Ratings, which has been reiterated in a recent research note.
• In contrast, Wall Street Zen has upgraded Cantor Equity Partners III to a hold rating, reflecting mixed analyst perspectives on the stock.
• Institutional investors have recently shown interest, with multiple firms purchasing new stakes in Cantor Equity Partners III, including purchases valued between $87,000 and $118,000.

Cantor Equity Partners III (NASDAQ:CAEP - Get Free Report)'s stock had its "sell (e)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Cantor Equity Partners III to a "hold" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Cantor Equity Partners III presently has a consensus rating of "Sell".

Cantor Equity Partners III Stock Performance

Shares of CAEP traded up $0.04 during midday trading on Wednesday, reaching $10.45. 381,626 shares of the stock were exchanged, compared to its average volume of 136,066. The firm has a 50-day simple moving average of $10.39. Cantor Equity Partners III has a twelve month low of $10.22 and a twelve month high of $11.09.

Institutional Investors Weigh In On Cantor Equity Partners III

Institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new stake in Cantor Equity Partners III in the 2nd quarter valued at approximately $87,000. Waratah Capital Advisors Ltd. purchased a new stake in Cantor Equity Partners III in the 2nd quarter valued at approximately $106,000. Timelo Investment Management Inc. purchased a new stake in Cantor Equity Partners III in the 2nd quarter valued at approximately $106,000. Fort Baker Capital Management LP purchased a new stake in Cantor Equity Partners III in the 2nd quarter valued at approximately $106,000. Finally, Gabelli Funds LLC purchased a new stake in Cantor Equity Partners III in the 2nd quarter valued at approximately $118,000.

About Cantor Equity Partners III

We are a blank check company incorporated on November 11, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.

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