Harvard Ave Acquistion (NASDAQ:HAVA) Issues Earnings Results

Harvard Ave Acquistion (NASDAQ:HAVA) announced its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Harvard Ave Acquistion Stock Up 0.1%

Harvard Ave Acquistion stock opened at $10.15 on Thursday. The company has a 50 day moving average of $10.11. Harvard Ave Acquistion has a 12-month low of $9.87 and a 12-month high of $10.15.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Harvard Ave Acquistion currently has an average rating of “Sell”.

Institutional Investors Weigh In On Harvard Ave Acquistion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in Harvard Ave Acquistion in the fourth quarter worth approximately $80,000. Boothbay Fund Management LLC acquired a new position in shares of Harvard Ave Acquistion during the 4th quarter valued at $487,000. Berkley W R Corp bought a new stake in shares of Harvard Ave Acquistion in the 4th quarter worth $665,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Harvard Ave Acquistion in the 4th quarter worth $1,490,000. Finally, Westchester Capital Management LLC acquired a new stake in shares of Harvard Ave Acquistion in the fourth quarter valued at $1,972,000.

About Harvard Ave Acquistion

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.