Equities Analysts Issue Forecasts for GigCapital2, Inc.’s Q1 2021 Earnings (NYSE:GIX)

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.

Shares of NYSE:GIX opened at $9.93 on Thursday. The company’s 50 day moving average is $9.99. GigCapital2 has a 12-month low of $8.65 and a 12-month high of $12.12.

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.

Further Reading: Market Capitalization – What it Means for Investors

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