FazzNoth Posted February 20, 2022 Share Posted February 20, 2022 Software Acquisition Group Inc. II (NASDAQ:OTMO) – Stock analysts at B. Riley dropped their FY2022 earnings per share estimates for shares of Software Acquisition Group Inc. II in a research note issued on Wednesday, February 16th. B. Riley analyst J. Nichols now forecasts that the company will earn ($0.56) per share for the year, down from their previous estimate of ($0.32). B. Riley also issued estimates for Software Acquisition Group Inc. II’s FY2023 earnings at ($0.63) EPS, FY2024 earnings at ($0.35) EPS and FY2025 earnings at $0.49 EPS. Separately, Zacks Investment Research cut Software Acquisition Group Inc. II from a “hold” rating to a “sell” rating in a research note on Saturday. Software Acquisition Group Inc. II stock opened at $1.34 on Friday. Software Acquisition Group Inc. II has a 12 month low of $1.32 and a 12 month high of $11.60. The stock has a 50-day moving average price of $2.99 and a two-hundred day moving average price of $4.66. A number of institutional investors have recently modified their holdings of the stock. Vivaldi Asset Management LLC bought a new stake in Software Acquisition Group Inc. II during the second quarter worth about $148,000. Schonfeld Strategic Advisors LLC bought a new stake in Software Acquisition Group Inc. II during the second quarter worth about $168,000. Morgan Stanley bought a new stake in Software Acquisition Group Inc. II during the first quarter worth about $289,000. Fir Tree Capital Management LP bought a new stake in Software Acquisition Group Inc. II during the second quarter worth about $483,000. Finally, Millennium Management LLC lifted its stake in Software Acquisition Group Inc. II by 149.4% during the second quarter. Millennium Management LLC now owns 57,900 shares of the company’s stock worth $576,000 after purchasing an additional 34,684 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock. Software Acquisition Group Inc. II Company Profile Software Acquisition Group Inc II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in software companies. The company was incorporated in 2020 and is based in Las Vegas, Nevada. https://etfdailynews.com/news/fy2022-earnings-forecast-for-software-acquisition-group-inc-ii-issued-by-b-riley-nasdaqotmo/ Link to comment Share on other sites More sharing options...
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