Neostellar Capital (NASDAQ:NSLR) Receives $14.50 Average Price Target from Brokerages

Shares of Neostellar Capital (NASDAQ:NSLR) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.50.

NSLR has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Neostellar Capital in a research report on Monday, September 14th. Barrington Research set a $16.00 price target on Neostellar Capital in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th.

Neostellar Capital Stock Performance

Shares of NASDAQ NSLR opened at $7.89 on Friday. Neostellar Capital has a fifty-two week low of $7.60 and a fifty-two week high of $14.98. The firm has a market capitalization of $208.85 million, a P/E ratio of 1.96 and a beta of 1.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76. The business has a 50-day simple moving average of $10.06.

Neostellar Capital (NASDAQ:NSLR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. The company had revenue of $0.30 million for the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.

Insider Buying and Selling

In other news, Director Erik A. Falk bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average price of $10.22 per share, for a total transaction of $511,000.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $511,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald M. Lott sold 5,085 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total transaction of $50,646.60. Following the completion of the transaction, the director owned 16,432 shares in the company, valued at approximately $163,662.72. This trade represents a 23.63% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.32% of the company’s stock.

Institutional Trading of Neostellar Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tactive Advisors LLC grew its position in Neostellar Capital by 66.5% during the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Neostellar Capital by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Neostellar Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after buying an additional 23,446 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Neostellar Capital by 13.4% in the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after buying an additional 2,862 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Neostellar Capital by 102.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after buying an additional 3,750 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Neostellar Capital Company Profile

Neostellar Capital Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with an operating company or other business, such as through a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.

As a SPAC, Neostellar Capital does not have significant ongoing commercial operations, products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing an initial business combination.

The company is incorporated as an exempted company in the Cayman Islands and is listed on the Nasdaq under the symbol NSLR.