Emmis Acquisition (NASDAQ:EMIS) Stock Price Up 0.3% – Time to Buy?

Emmis Acquisition Corp. (NASDAQ:EMIS)’s stock price rose 0.3% during mid-day trading on Wednesday . The stock traded as high as $10.08 and last traded at $10.08. Approximately 2 shares were traded during trading, The stock had previously closed at $10.05.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Emmis Acquisition in a research note on Tuesday, January 27th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Emmis Acquisition currently has an average rating of “Sell”.

Emmis Acquisition Trading Up 0.3%

The business’s 50 day simple moving average is $10.04.

Hedge Funds Weigh In On Emmis Acquisition

A number of hedge funds have recently modified their holdings of the stock. Lineage Point Capital LP acquired a new position in shares of Emmis Acquisition in the fourth quarter worth $2,243,000. Virtu Financial LLC acquired a new position in shares of Emmis Acquisition in the fourth quarter worth $178,000. Toronto Dominion Bank acquired a new position in shares of Emmis Acquisition in the fourth quarter worth $1,493,000. Rivernorth Capital Management LLC acquired a new position in shares of Emmis Acquisition in the fourth quarter worth $3,476,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Emmis Acquisition in the fourth quarter worth $418,000.

About Emmis Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.