Northern Star Investment Corp. II (NYSE:NSTB) Rating Increased to Moderate Buy at Royal Bank of Canada

Northern Star Investment Corp. II (NYSE:NSTB) was upgraded by research analysts at Royal Bank of Canada to a “moderate buy” rating in a report released on Monday, Zacks.com reports.

Northern Star Investment Corp. II Price Performance

NYSE NSTB opened at $0.00 on Monday. The business has a 50-day moving average price of $0.01 and a 200-day moving average price of $4.20. Northern Star Investment Corp. II has a twelve month low of $0.00 and a twelve month high of $10.70.

Hedge Funds Weigh In On Northern Star Investment Corp. II

A hedge fund recently raised its stake in Northern Star Investment Corp. II stock. Mizuho Securities USA LLC boosted its position in shares of Northern Star Investment Corp. II (NYSE:NSTB) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,079 shares of the company’s stock after buying an additional 14,079 shares during the period. Mizuho Securities USA LLC owned approximately 0.55% of Northern Star Investment Corp. II worth $654,000 as of its most recent SEC filing. 10.43% of the stock is owned by institutional investors.

About Northern Star Investment Corp. II

Northern Star Investment Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.