SVF Investment Corp. 3 (NASDAQ:SVFC) Research Coverage Started at Northland Securities

Northland Securities assumed coverage on shares of SVF Investment Corp. 3 (NASDAQ:SVFCGet Rating) in a research report issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Northland Securities’ target price suggests a potential upside of 60.97% from the company’s current price.

Shares of SVF Investment Corp. 3 stock opened at $9.94 on Monday. SVF Investment Corp. 3 has a twelve month low of $9.65 and a twelve month high of $10.24. The company has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $9.93.

SVF Investment Corp. 3 (NASDAQ:SVFCGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($4.88) earnings per share (EPS) for the quarter. The firm had revenue of $77.06 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. purchased a new position in shares of SVF Investment Corp. 3 in the 4th quarter worth about $26,000. Wolverine Asset Management LLC raised its holdings in shares of SVF Investment Corp. 3 by 76.3% during the 1st quarter. Wolverine Asset Management LLC now owns 7,312 shares of the company’s stock worth $72,000 after acquiring an additional 3,165 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of SVF Investment Corp. 3 during the 3rd quarter valued at approximately $89,000. Mariner Investment Group LLC bought a new position in SVF Investment Corp. 3 in the 4th quarter valued at $200,000. Finally, Relyea Zuckerberg Hanson LLC bought a new position in shares of SVF Investment Corp. 3 during the 1st quarter worth $198,000. Institutional investors and hedge funds own 60.17% of the company’s stock.

SVF Investment Corp. 3 Company Profile (Get Rating)

SVF Investment Corp. 3 is a blank check company. It intends to focus on businesses in technology-enabled sector. The company was formerly known as SVF Investment III Corp. and changed its name to SVF Investment Corp. 3 in January 2021. SVF Investment Corp. 3 was incorporated in 2020 and is based in San Carlos, California.

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