Canaccord Genuity Group Begins Coverage on Terra Innovatum Global S.R.L. (NASDAQ:NKLR)

Equities researchers at Canaccord Genuity Group started coverage on shares of Terra Innovatum Global S.R.L. (NASDAQ:NKLR) in a research note issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $10.00 price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 138.10% from the stock’s previous close.

NKLR has been the topic of several other reports. Weiss Ratings initiated coverage on shares of Terra Innovatum Global S.R.L. in a research report on Friday, December 26th. They set a “sell (e+)” rating on the stock. Wall Street Zen lowered Terra Innovatum Global S.R.L. to a “strong sell” rating in a report on Sunday, December 28th. Finally, HC Wainwright began coverage on Terra Innovatum Global S.R.L. in a research report on Tuesday, December 30th. They issued a “buy” rating and a $25.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.50.

Terra Innovatum Global S.R.L. Trading Down 2.3%

Shares of Terra Innovatum Global S.R.L. stock opened at $4.20 on Friday. Terra Innovatum Global S.R.L. has a 1-year low of $3.73 and a 1-year high of $21.91.

Institutional Investors Weigh In On Terra Innovatum Global S.R.L.

A number of hedge funds have recently added to or reduced their stakes in the company. Vennlight Capital Management LP acquired a new position in Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $2,872,000. Polymer Capital Management US LLC acquired a new position in Terra Innovatum Global S.R.L. during the fourth quarter worth $338,000. Millennium Management LLC acquired a new position in Terra Innovatum Global S.R.L. during the fourth quarter worth $51,000. Engineers Gate Manager LP purchased a new position in Terra Innovatum Global S.R.L. in the fourth quarter worth $83,000. Finally, Boothbay Fund Management LLC acquired a new stake in Terra Innovatum Global S.R.L. in the fourth quarter valued at $51,000.

About Terra Innovatum Global S.R.L.

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.