GigCapital2, Inc. (NYSE:GIX) – Equities researchers at Colliers Securities issued their Q1 2021 earnings per share estimates for shares of GigCapital2 in a report released on Tuesday, June 8th. Colliers Securities analyst G. Mannheimer forecasts that the company will post earnings of ($0.06) per share for the quarter. Colliers Securities currently has a “Buy” rating and a $14.00 target price on the stock. Colliers Securities also issued estimates for GigCapital2’s FY2021 earnings at ($0.31) EPS and FY2022 earnings at $0.02 EPS.
Separately, Benchmark initiated coverage on GigCapital2 in a research note on Friday, April 16th. They set a “buy” rating and a $14.00 price objective for the company.
A number of hedge funds have recently bought and sold shares of the business. Princeton Global Asset Management LLC bought a new position in GigCapital2 in the 4th quarter worth approximately $49,000. HighPoint Advisor Group LLC raised its holdings in shares of GigCapital2 by 3.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 218,397 shares of the company’s stock worth $2,197,000 after acquiring an additional 7,950 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of GigCapital2 during the 1st quarter worth approximately $124,000. Morgan Stanley raised its holdings in shares of GigCapital2 by 33,956.1% during the 1st quarter. Morgan Stanley now owns 13,963 shares of the company’s stock worth $140,000 after acquiring an additional 13,922 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of GigCapital2 during the 1st quarter worth approximately $142,000. Institutional investors and hedge funds own 43.42% of the company’s stock.
GigCapital2 Company Profile
GigCapital2, Inc is a blank check company. It intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is headquartered in Palo Alto, California.
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