Pono Capital Four (NASDAQ:PONO) Issues Earnings Results

Pono Capital Four (NASDAQ:PONO) issued its earnings results on Thursday. The company reported $0.03 EPS for the quarter, FiscalAI reports.

Pono Capital Four Stock Up 0.2%

NASDAQ PONO traded up $0.03 during trading on Friday, reaching $10.07. The company’s stock had a trading volume of 3,586 shares, compared to its average volume of 59,653. The stock has a fifty day moving average of $10.04. Pono Capital Four has a one year low of $9.84 and a one year high of $10.09.

Institutional Trading of Pono Capital Four

A number of hedge funds have recently made changes to their positions in the stock. Lineage Point Capital LP bought a new stake in Pono Capital Four during the second quarter worth about $1,736,000. First Trust Capital Management L.P. bought a new position in shares of Pono Capital Four during the third quarter valued at approximately $2,004,000. Finally, Harraden Circle Investments LLC bought a new stake in shares of Pono Capital Four during the 2nd quarter valued at about $3,839,000. 74.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pono Capital Four in a research report on Thursday. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Pono Capital Four Company Profile

Pono Capital Four, Inc. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, acquisition, stock purchase, or similar business combination with one or more businesses. As a SPAC, Pono Capital Four does not operate a standalone business or offer products and services to customers. Its primary purpose is to identify and complete a business combination.