Collective Acquisition (NASDAQ:CCAQ) Posts Quarterly Earnings Results

Collective Acquisition (NASDAQ:CCAQ) issued its earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, FiscalAI reports.

Collective Acquisition Trading Up 0.2%

Shares of NASDAQ CCAQ traded up $0.02 during mid-day trading on Thursday, reaching $10.62. 115,215 shares of the company’s stock were exchanged, compared to its average volume of 7,481. Collective Acquisition has a 52 week low of $10.15 and a 52 week high of $10.88. The firm has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $10.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 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, Collective Acquisition presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCAQ. Polar Asset Management Partners Inc. boosted its holdings in Collective Acquisition by 4.5% in the 1st quarter. Polar Asset Management Partners Inc. now owns 574,900 shares of the company’s stock worth $5,939,000 after buying an additional 24,900 shares during the period. Berkley W R Corp raised 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 worth $6,704,000 after acquiring an additional 148,805 shares in the last quarter. Finally, Sona Asset Management US LLC bought a new stake in Collective Acquisition in the first quarter worth $1,592,000.

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.