FirstWave Capital Management LLC Purchases Shares of 168,555 Blue Moon Metals Inc. $BMM

FirstWave Capital Management LLC purchased a new position in Blue Moon Metals Inc. (NASDAQ:BMM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 168,555 shares of the company’s stock, valued at approximately $1,077,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Periscope Capital Inc. purchased a new position in shares of Blue Moon Metals during the second quarter valued at about $63,432. DLD Asset Management LP purchased a new stake in shares of Blue Moon Metals in the second quarter worth about $639,000. Bank of America Corp DE lifted its position in shares of Blue Moon Metals by 2,095.4% in the second quarter. Bank of America Corp DE now owns 454,497 shares of the company’s stock worth $2,904,000 after buying an additional 433,795 shares in the last quarter. Moore Capital Management LP bought a new position in Blue Moon Metals during the second quarter valued at approximately $3,052,000. Finally, Deutsche Bank AG boosted its stake in Blue Moon Metals by 41.3% during the second quarter. Deutsche Bank AG now owns 953,102 shares of the company’s stock valued at $6,090,000 after buying an additional 278,801 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BMM shares. Maxim Group began coverage on Blue Moon Metals in a report on Friday, June 12th. They set a “buy” rating and a $15.00 price target for the company. Wall Street Zen raised Blue Moon Metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blue Moon Metals in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Blue Moon Metals Stock Up 1.6%

Shares of NASDAQ:BMM opened at $6.19 on Friday. Blue Moon Metals Inc. has a 12 month low of $2.20 and a 12 month high of $8.63. The firm has a 50-day simple moving average of $5.71.