Tuttle Capital Management LLC Buys New Holdings in GSR III Acquisition Corp. $GSRT

Key Points

• Tuttle Capital Management LLC acquired 35,000 shares of GSR III Acquisition Corp., valued at approximately $378,000, indicating growing interest in the company during the 2nd quarter.
• The stock has experienced a trading increase of 6.9% recently, and analysts have provided mixed ratings, with price targets ranging from $19.00 to $20.00.
• Over the past year, GSR III Acquisition Corp.'s stock has fluctuated between a low of $8.82 and a high of $15.62, with an average price target of $19.50 according to analysts.

Tuttle Capital Management LLC bought a new position in GSR III Acquisition Corp. (NASDAQ:GSRT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,000 shares of the company's stock, valued at approximately $378,000.

A number of other institutional investors have also recently bought and sold shares of GSRT. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of GSR III Acquisition in the 1st quarter valued at $651,000. Context Capital Management LLC bought a new stake in GSR III Acquisition in the first quarter valued at about $5,005,000. Picton Mahoney Asset Management bought a new stake in GSR III Acquisition in the first quarter valued at about $5,005,000. Wolverine Asset Management LLC raised its position in GSR III Acquisition by 374.2% in the first quarter. Wolverine Asset Management LLC now owns 1,063,447 shares of the company's stock worth $10,645,000 after purchasing an additional 839,207 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new position in GSR III Acquisition during the first quarter worth about $514,000.

GSR III Acquisition Trading Up 6.9%

Shares of NASDAQ GSRT opened at $15.52 on Wednesday. GSR III Acquisition Corp. has a 12-month low of $8.82 and a 12-month high of $15.62. The firm's 50-day simple moving average is $10.97 and its 200 day simple moving average is $10.67.

Analyst Ratings Changes

GSRT has been the topic of several analyst reports. Zacks Research upgraded GSR III Acquisition to a "hold" rating in a research note on Tuesday, October 7th. Roth Capital initiated coverage on GSR III Acquisition in a research note on Tuesday, September 23rd. They issued a "buy" rating and a $20.00 price target on the stock. Benchmark started coverage on GSR III Acquisition in a research report on Tuesday, August 12th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of GSR III Acquisition in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.50.

About GSR III Acquisition

GSR III Acquisition Corp engages in the merger, share exchange, asset acquisition, share purchase or reorganization with one or more businesses. The company was founded on May 10, 2023 and is headquartered in Austin, Texas.

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