Emmis Acquisition (NASDAQ:EMIS) Trading 0.3% Higher – Should You Buy?

Emmis Acquisition Corp. (NASDAQ:EMISGet Free Report)’s share price rose 0.3% during mid-day trading on Friday . The company traded as high as $10.05 and last traded at $10.05. Approximately 1,035 shares traded hands during trading, The stock had previously closed at $10.02.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Emmis Acquisition in a research note on Tuesday, January 27th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Emmis Acquisition has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Emmis Acquisition

Emmis Acquisition Trading Up 0.3%

Institutional Investors Weigh In On Emmis Acquisition

Several institutional investors have recently bought and sold shares of EMIS. Glazer Capital LLC purchased a new position in Emmis Acquisition during the 4th quarter worth $7,878,000. Aristeia Capital L.L.C. purchased a new position in Emmis Acquisition during the fourth quarter worth about $5,574,000. Mint Tower Capital Management B.V. bought a new stake in Emmis Acquisition in the 4th quarter worth about $4,975,000. Mangrove Partners IM LLC purchased a new stake in Emmis Acquisition in the 4th quarter valued at about $4,975,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in Emmis Acquisition in the 4th quarter valued at about $4,976,000.

About Emmis Acquisition

(Get Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.

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