Airspan Networks Holdings Inc to Post Q4 2023 Earnings of $0.00 Per Share, Jefferies Financial Group Forecasts (NYSE:MIMO)

Airspan Networks Holdings Inc (NYSE:MIMOGet Rating) – Analysts at Jefferies Financial Group dropped their Q4 2023 earnings per share estimates for shares of Airspan Networks in a research note issued to investors on Wednesday, April 13th. Jefferies Financial Group analyst G. Notter now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.01. Jefferies Financial Group has a “Hold” rating and a $4.75 price target on the stock.

MIMO has been the subject of a number of other reports. Northland Securities decreased their target price on Airspan Networks from $10.00 to $5.00 in a research report on Wednesday. Barrington Research decreased their price objective on Airspan Networks from $9.00 to $7.00 in a report on Wednesday. Finally, Zacks Investment Research cut Airspan Networks from a “hold” rating to a “sell” rating in a report on Friday.

Shares of NYSE MIMO opened at $2.83 on Friday. The firm’s 50-day moving average price is $3.51 and its 200-day moving average price is $4.71. Airspan Networks has a 1-year low of $2.35 and a 1-year high of $14.41.

Institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC raised its holdings in shares of Airspan Networks by 214.7% in the fourth quarter. Wolverine Asset Management LLC now owns 9,261 shares of the company’s stock valued at $35,000 after purchasing an additional 6,318 shares during the last quarter. State Street Corp purchased a new stake in Airspan Networks in the 4th quarter valued at about $51,000. Kings Point Capital Management bought a new position in shares of Airspan Networks during the 3rd quarter worth approximately $75,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of Airspan Networks in the 3rd quarter worth approximately $98,000. Finally, Northern Trust Corp bought a new position in shares of Airspan Networks in the fourth quarter valued at approximately $180,000. 65.68% of the stock is owned by hedge funds and other institutional investors.

About Airspan Networks (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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Earnings History and Estimates for Airspan Networks (NYSE:MIMO)

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