GSR III Acquisition (NASDAQ:GSRT) Upgraded by Zacks Research to Hold Rating

Key Points

• Zacks Research upgraded GSR III Acquisition (NASDAQ:GSRT) to a "hold" rating, while other firms like Weiss Ratings have given it a "sell" rating.
• GSR III Acquisition's stock saw a significant 21.0% increase in trading, with current shares priced at $14.52, while the average price target from analysts is $19.50.
• Several institutional investors have recently increased their positions in GSR III Acquisition, indicating growing interest, with investments ranging from $51,000 to $214,000.

GSR III Acquisition (NASDAQ:GSRT - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on GSRT. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GSR III Acquisition in a report on Wednesday. Benchmark assumed coverage on shares of GSR III Acquisition in a research note on Tuesday, August 12th. They issued a "buy" rating and a $19.00 price target on the stock. Finally, Roth Capital began coverage on shares of GSR III Acquisition in a research note on Tuesday, September 23rd. They issued a "buy" rating and a $20.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, GSR III Acquisition currently has an average rating of "Hold" and an average price target of $19.50.

GSR III Acquisition Trading Up 21.0%

Shares of GSRT opened at $14.52 on Tuesday. GSR III Acquisition has a 52 week low of $8.82 and a 52 week high of $14.91. The firm's 50-day simple moving average is $10.56 and its 200 day simple moving average is $10.51.

Institutional Investors Weigh In On GSR III Acquisition

A number of large investors have recently modified their holdings of GSRT. Keystone Financial Group Inc. bought a new position in shares of GSR III Acquisition in the 2nd quarter valued at $51,000. IFP Advisors Inc acquired a new stake in GSR III Acquisition in the second quarter valued at about $52,000. Rangeley Capital LLC bought a new position in GSR III Acquisition in the second quarter valued at about $119,000. Qube Research & Technologies Ltd bought a new position in GSR III Acquisition in the second quarter valued at about $138,000. Finally, Marex Group plc acquired a new position in GSR III Acquisition during the second quarter worth about $214,000.

GSR III Acquisition Company Profile

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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