Craig Hallum Initiates Coverage on Acies Acquisition (NASDAQ:ACAC)


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Equities researchers at Craig Hallum assumed coverage on shares of Acies Acquisition (NASDAQ:ACAC) in a research report issued to clients and investors on Monday, Benzinga reports. The firm set a “buy” rating and a $15.00 price target on the stock. Craig Hallum’s price target points to a potential upside of 50.60% from the stock’s previous close.

Separately, Benchmark began coverage on Acies Acquisition in a report on Monday, April 26th. They set a “buy” rating and a $15.00 target price on the stock.

Acies Acquisition stock opened at $9.96 on Monday. Acies Acquisition has a 1-year low of $9.72 and a 1-year high of $13.20. The company has a fifty day simple moving average of $9.98.

Large investors have recently modified their holdings of the stock. Zweig DiMenna Associates LLC bought a new position in Acies Acquisition during the first quarter worth about $3,688,000. Global Retirement Partners LLC bought a new position in shares of Acies Acquisition during the 1st quarter worth approximately $27,000. FNY Investment Advisers LLC acquired a new position in shares of Acies Acquisition during the 1st quarter worth approximately $1,500,000. Hudson Bay Capital Management LP bought a new stake in Acies Acquisition in the 4th quarter valued at $150,000. Finally, Sculptor Capital LP acquired a new stake in Acies Acquisition during the 4th quarter valued at $3,090,000.

Acies Acquisition Company Profile

Acies Acquisition Corp. is a blank check company. The company was incorporated in 2020 and is based in Cayman Islands.

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