Collective Acquisition (NASDAQ:CCAQ) Releases Quarterly Earnings Results

Collective Acquisition (NASDAQ:CCAQ) released its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share for the quarter, FiscalAI reports.

Collective Acquisition Stock Up 0.2%

Shares of NASDAQ:CCAQ traded up $0.02 during trading on Thursday, hitting $10.62. 115,215 shares of the company were exchanged, compared to its average volume of 7,481. The business’s 50 day moving average is $10.49 and its 200-day moving average is $10.43. Collective Acquisition has a 1-year low of $10.15 and a 1-year high of $10.88.

Institutional Investors Weigh In On Collective Acquisition

Several hedge funds have recently modified their holdings of the company. Sona Asset Management US LLC acquired a new position in Collective Acquisition in the 1st quarter worth about $1,592,000. Polar Asset Management Partners Inc. boosted its stake in shares of Collective Acquisition by 4.5% during the first quarter. Polar Asset Management Partners Inc. now owns 574,900 shares of the company’s stock valued at $5,939,000 after purchasing an additional 24,900 shares in the last quarter. Finally, Berkley W R Corp boosted its stake in shares of Collective Acquisition by 29.8% during the first quarter. Berkley W R Corp now owns 648,960 shares of the company’s stock valued at $6,704,000 after purchasing an additional 148,805 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Collective Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Collective Acquisition

Dune Acquisition Corporation II is a blank-check company, also known as a special purpose acquisition company (SPAC), whose Class A ordinary shares trade on the Nasdaq under the symbol IPOD. The company was formed to raise capital through an initial public offering and place the proceeds into a trust account while it searches for a business combination. Dune Acquisition Corporation II does not have ongoing operating activities, products, or services of its own. Its primary objective is to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more businesses.