Southport Acquisition (NYSE:ANGX) Coverage Initiated by Analysts at Oppenheimer

Equities researchers at Oppenheimer started coverage on shares of Southport Acquisition (NYSE:ANGX) in a report released on Thursday. The firm set an “outperform” rating and a $8.00 price target on the stock. Oppenheimer’s price target would suggest a potential upside of 59.05% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday. Roth Capital started coverage on shares of Southport Acquisition in a report on Tuesday. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Wall Street Zen lowered Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.50.

Southport Acquisition Price Performance

Shares of Southport Acquisition stock opened at $5.03 on Thursday. Southport Acquisition has a 12-month low of $3.77 and a 12-month high of $20.39.

Southport Acquisition Company Profile

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals.