Airspan Networks (NYSE:MIMO) PT Lowered to $7.00 at Barrington Research

Airspan Networks (NYSE:MIMO – Get Rating) had its price objective reduced by Barrington Research from $9.00 to $7.00 in a report issued on Wednesday, The Fly reports. Barrington Research’s price objective would suggest a potential upside of 169.23% from the stock’s previous close.

A number of other brokerages have also issued reports on MIMO. Jefferies Financial Group lowered Airspan Networks from a “buy” rating to a “hold” rating and lowered their price target for the stock from $9.00 to $4.75 in a research note on Friday, March 25th. Zacks Investment Research lowered shares of Airspan Networks from a “hold” rating to a “sell” rating in a report on Friday, April 8th.

Shares of Airspan Networks stock opened at $2.60 on Wednesday. Airspan Networks has a twelve month low of $2.35 and a twelve month high of $14.41. The company has a 50-day moving average of $3.55.

A number of institutional investors have recently modified their holdings of MIMO. Oak Management Corp purchased a new position in Airspan Networks during the 3rd quarter valued at about $191,309,000. Hudson Bay Capital Management LP purchased a new position in shares of Airspan Networks in the third quarter valued at approximately $1,670,000. Geode Capital Management LLC acquired a new position in shares of Airspan Networks in the fourth quarter valued at approximately $801,000. Ghisallo Capital Management LLC acquired a new stake in Airspan Networks during the 3rd quarter worth approximately $1,089,000. Finally, Renaissance Technologies LLC purchased a new position in Airspan Networks in the 4th quarter valued at approximately $218,000. Institutional investors own 65.68% of the company’s stock.

Airspan Networks Company Profile (Get Rating)

New Beginnings Acquisition Corp. is a blank check company. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. New Beginnings Acquisition Corp. is based in Miami, Florida.

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