Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) Announces Quarterly Earnings Results

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) announced its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Stock Performance

Shares of WLAC stock opened at $10.95 on Friday. Willow Lane Acquisition Corp. – Class A Ordinary Shares has a fifty-two week low of $9.96 and a fifty-two week high of $15.19. The company has a 50 day moving average price of $11.99 and a 200 day moving average price of $11.73.

Hedge Funds Weigh In On Willow Lane Acquisition Corp. – Class A Ordinary Shares

Several institutional investors have recently modified their holdings of WLAC. Clear Street Group Inc. purchased a new stake in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares during the third quarter worth $85,000. Clear Street LLC increased its holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 108.0% during the 2nd quarter. Clear Street LLC now owns 10,405 shares of the company’s stock worth $106,000 after purchasing an additional 5,403 shares during the period. Geode Capital Management LLC purchased a new stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 4th quarter worth about $131,000. Royal Bank of Canada acquired a new stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 4th quarter valued at about $147,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter valued at about $172,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on WLAC. DA Davidson increased their price objective on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Canaccord Genuity Group raised their price target on Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Company Profile

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.