Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) Trading 0.7% Higher – Still a Buy?

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC)’s share price traded up 0.7% during trading on Monday . The company traded as high as $11.25 and last traded at $11.18. 164,585 shares traded hands during trading, a decline of 35% from the average session volume of 252,665 shares. The stock had previously closed at $11.10.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson raised their target price on Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Canaccord Genuity Group upped their price objective on shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Willow Lane Acquisition Corp. – Class A Ordinary Shares presently has a consensus rating of “Hold” and an average target price of $17.00.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Stock Up 0.7%

The stock has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $11.71.

Willow Lane Acquisition Corp. – Class A Ordinary Shares (NASDAQ:WLAC) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Willow Lane Acquisition Corp. – Class A Ordinary Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hiddenite Capital Partners LP purchased a new position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter valued at about $9,264,000. Wealthspring Capital LLC raised its holdings in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 325.3% in the second quarter. Wealthspring Capital LLC now owns 545,062 shares of the company’s stock valued at $5,576,000 after acquiring an additional 416,894 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in Willow Lane Acquisition Corp. – Class A Ordinary Shares by 18.8% in the second quarter. Wolverine Asset Management LLC now owns 530,874 shares of the company’s stock worth $5,431,000 after acquiring an additional 84,194 shares during the last quarter. Magnetar Financial LLC acquired a new position in Willow Lane Acquisition Corp. – Class A Ordinary Shares during the 2nd quarter worth approximately $12,900,000. Finally, Clear Street LLC increased its position in shares of Willow Lane Acquisition Corp. – Class A Ordinary Shares by 108.0% in the 2nd quarter. Clear Street LLC now owns 10,405 shares of the company’s stock valued at $106,000 after purchasing an additional 5,403 shares during the last quarter.

Willow Lane Acquisition Corp. – Class A Ordinary Shares Company Profile

Willow Lane Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker WLAC. As a blank check vehicle, the company does not conduct operations of its own but instead seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

The company was sponsored by Willow Lane Capital Partners, an investment firm with a focus on private equity and corporate development.