Harvard Ave Acquistion (NASDAQ:HAVA) Releases Earnings Results

Harvard Ave Acquistion (NASDAQ:HAVA) posted its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Harvard Ave Acquistion Trading Up 0.1%

Shares of HAVA stock traded up $0.01 during mid-day trading on Friday, reaching $10.16. The stock had a trading volume of 9,913 shares, compared to its average volume of 54,852. The company has a 50-day moving average price of $10.12. Harvard Ave Acquistion has a 52-week low of $9.87 and a 52-week high of $10.16.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Harvard Ave Acquistion

Large investors have recently modified their holdings of the business. Whitebox Advisors LLC purchased a new position in Harvard Ave Acquistion during the 1st quarter valued at about $7,508,000. Hudson Bay Capital Management LP purchased a new position in shares of Harvard Ave Acquistion during the fourth quarter valued at approximately $7,462,000. Polar Asset Management Partners Inc. purchased a new position in shares of Harvard Ave Acquistion during the first quarter valued at approximately $7,506,000. Aristeia Capital L.L.C. bought a new position in shares of Harvard Ave Acquistion during the fourth quarter valued at approximately $5,462,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Harvard Ave Acquistion during the fourth quarter valued at approximately $5,462,000.

Harvard Ave Acquistion Company Profile

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.