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

Cantor Equity Partners (NASDAQ:CEPO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "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 note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

Cantor Equity Partners Price Performance

Shares of NASDAQ:CEPO opened at $10.57 on Friday. Cantor Equity Partners has a 52-week low of $10.27 and a 52-week high of $16.50. The company has a 50 day moving average of $10.53 and a two-hundred day moving average of $10.48. The company has a market capitalization of $269.54 million, a price-to-earnings ratio of -22.49 and a beta of -0.09.

Cantor Equity Partners (NASDAQ:CEPO - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.16) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Cantor Equity Partners

A number of hedge funds have recently bought and sold shares of CEPO. Millennium Management LLC acquired a new stake in Cantor Equity Partners during the 1st quarter valued at approximately $4,085,000. JPMorgan Chase & Co. acquired a new position in Cantor Equity Partners in the second quarter worth about $295,000. Marshall Wace LLP acquired a new position in Cantor Equity Partners in the second quarter worth about $953,000. Qube Research & Technologies Ltd acquired a new position in Cantor Equity Partners in the second quarter worth about $155,000. Finally, Jane Street Group LLC acquired a new position in Cantor Equity Partners in the second quarter worth about $3,859,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.