Zacks: Brokerages Set $15.00 Target Price for THUNDER BRDG AC/SH SH NV (NASDAQ:TBRG)

THUNDER BRDG AC/SH SH NV (NASDAQ:TBRG) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $15.00 for the company and are forecasting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned THUNDER BRDG AC/SH SH an industry rank of 104 out of 256 based on the ratings given to its competitors.

A number of research firms have recently issued reports on TBRG. Northland Securities reissued a “buy” rating and set a $15.00 price objective on shares of THUNDER BRDG AC/SH SH in a research report on Thursday. William Blair began coverage on shares of THUNDER BRDG AC/SH SH in a research report on Friday, June 21st. They set an “outperform” rating on the stock.

Several hedge funds have recently added to or reduced their stakes in the company. Weiss Asset Management LP raised its holdings in shares of THUNDER BRDG AC/SH SH by 53.7% in the 1st quarter. Weiss Asset Management LP now owns 1,349,000 shares of the company’s stock worth $13,760,000 after buying an additional 471,226 shares in the last quarter. FSI Group LLC acquired a new position in shares of THUNDER BRDG AC/SH SH in the 1st quarter worth approximately $1,005,000. Yakira Capital Management Inc. raised its holdings in shares of THUNDER BRDG AC/SH SH by 266.7% in the 1st quarter. Yakira Capital Management Inc. now owns 550,000 shares of the company’s stock worth $5,610,000 after buying an additional 400,000 shares in the last quarter. Periscope Capital Inc. raised its holdings in shares of THUNDER BRDG AC/SH SH by 154.5% in the 1st quarter. Periscope Capital Inc. now owns 1,230,100 shares of the company’s stock worth $12,548,000 after buying an additional 746,700 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of THUNDER BRDG AC/SH SH by 81.4% in the 1st quarter. Bank of Montreal Can now owns 1,824,774 shares of the company’s stock worth $18,613,000 after buying an additional 818,774 shares in the last quarter. 79.02% of the stock is currently owned by institutional investors.

Shares of TBRG stock traded down $0.01 on Friday, reaching $10.43. 840,245 shares of the company were exchanged, compared to its average volume of 974,337. The stock has a market capitalization of $269.09 million and a P/E ratio of -74.50. The firm has a 50-day simple moving average of $10.41. THUNDER BRDG AC/SH SH has a one year low of $9.60 and a one year high of $10.60.

THUNDER BRDG AC/SH SH (NASDAQ:TBRG) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that THUNDER BRDG AC/SH SH will post 0.38 EPS for the current fiscal year.

THUNDER BRDG AC/SH SH Company Profile

Thunder Bridge Acquisition, Ltd. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or business combination. The company was founded in 2017 and is based in Great Falls, Virginia.

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