Wall Street Zen Upgrades Deep Fission (NASDAQ:FISN) to Hold

Key Points

• Wall Street Zen upgraded Deep Fission from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $18.67.
• Deep Fission shares opened at $8.64, near the lower end of their 12-month range of $7.66 to $19.00; the company reported a quarterly loss of $0.56 per share.
• Blue Owl Capital Holdings acquired 1.33 million shares, worth approximately $14.7 million, giving it a 2.26% stake in the underground small modular nuclear reactor developer.

Deep Fission (NASDAQ:FISN - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of Deep Fission in a research note on Wednesday, July 15th. They set a "buy" rating and a $18.00 price target for the company. Benchmark assumed coverage on shares of Deep Fission in a research note on Monday, July 13th. They issued a "buy" rating and a $20.00 price objective on the stock. Zacks Research raised shares of Deep Fission to a "hold" rating in a research note on Wednesday, August 5th. UBS Group set a $18.00 target price on shares of Deep Fission in a report on Wednesday, July 15th. Finally, Seaport Research Partners assumed coverage on shares of Deep Fission in a research report on Tuesday, August 4th. They set a "buy" rating and a $25.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Deep Fission currently has a consensus rating of "Moderate Buy" and an average target price of $18.67.

Deep Fission Price Performance

Shares of FISN stock opened at $8.64 on Friday. Deep Fission has a 12 month low of $7.66 and a 12 month high of $19.00. The stock has a 50-day moving average price of $10.26.

Deep Fission (NASDAQ:FISN - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. Equities analysts anticipate that Deep Fission will post -1.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deep Fission

A hedge fund recently bought a new stake in Deep Fission stock. Blue Owl Capital Holdings LP purchased a new stake in Deep Fission, Inc. (NASDAQ:FISN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,333,333 shares of the company's stock, valued at approximately $14,720,000. Deep Fission comprises 2.2% of Blue Owl Capital Holdings LP's portfolio, making the stock its 9th biggest position. Blue Owl Capital Holdings LP owned 2.26% of Deep Fission at the end of the most recent quarter.

About Deep Fission

Deep Fission Inc develops and deploys small modular nuclear reactors placed deep underground to generate electricity. Deep Fission Inc is based in Berkeley, California.

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