Sizzle Acquisition Corp. II (NASDAQ:SZZL) Issues Quarterly Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) announced its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Stock Performance

SZZL stock remained flat at $10.41 during midday trading on Thursday. The company had a trading volume of 36,826 shares, compared to its average volume of 64,855. The business has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $10.31. Sizzle Acquisition Corp. II has a fifty-two week low of $9.21 and a fifty-two week high of $10.50.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sona Asset Management US LLC bought a new position in shares of Sizzle Acquisition Corp. II during the first quarter valued at $1,040,000. Rangeley Capital LLC purchased a new position in Sizzle Acquisition Corp. II in the 1st quarter worth about $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Sizzle Acquisition Corp. II in the 1st quarter worth about $4,112,000. Lineage Point Capital LP bought a new position in Sizzle Acquisition Corp. II during the 4th quarter valued at about $254,000. Finally, Rivernorth Capital Management LLC lifted its stake in Sizzle Acquisition Corp. II by 25.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 497,500 shares of the company’s stock valued at $5,055,000 after acquiring an additional 100,000 shares during the period.

Sizzle Acquisition Corp. II Company Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.