GSR III Acquisition's (GSRT) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• GSR III Acquisition's (GSRT) stock maintains a "Sell (D-)" rating from Weiss Ratings, indicating ongoing concerns about its performance.
• Analysts at Roth Capital and Benchmark have issued a "Buy" rating with target prices of $20.00 and $19.00 respectively, contrasting with Weiss Ratings' outlook.
• The stock recently saw a significant increase of 21.0% in trading, despite its current average rating being classified as "Hold" with a price target of $19.50.

GSR III Acquisition (NASDAQ:GSRT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Roth Capital started coverage on shares of GSR III Acquisition in a research report on Tuesday, September 23rd. They set a "buy" rating and a $20.00 target price for the company. Benchmark started coverage on shares of GSR III Acquisition in a research report on Tuesday, August 12th. They set a "buy" rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.50.

GSR III Acquisition Trading Up 21.0%

Shares of GSR III Acquisition stock opened at $14.52 on Wednesday. The firm has a fifty day moving average of $10.56 and a two-hundred day moving average of $10.51. GSR III Acquisition has a 52 week low of $8.82 and a 52 week high of $14.91.

Institutional Trading of GSR III Acquisition

A number of large investors have recently made changes to their positions in the company. Westchester Capital Management LLC increased its position in shares of GSR III Acquisition by 67.9% in the 1st quarter. Westchester Capital Management LLC now owns 1,855,000 shares of the company's stock valued at $18,624,000 after buying an additional 750,000 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of GSR III Acquisition in the 2nd quarter valued at $15,482,000. Wolverine Asset Management LLC increased its position in shares of GSR III Acquisition by 374.2% in the 1st quarter. Wolverine Asset Management LLC now owns 1,063,447 shares of the company's stock valued at $10,645,000 after buying an additional 839,207 shares in the last quarter. Linden Advisors LP bought a new stake in shares of GSR III Acquisition in the 1st quarter valued at $10,020,000. Finally, Kepos Capital LP bought a new stake in shares of GSR III Acquisition in the 1st quarter valued at $9,980,000.

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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