What Are Analysts and Indicators Saying About Reinvent Technology Partners (RTP)

How have the shares performed?


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Reinvent Technology Partners (RTP) saw downtrend of -11.55% in the recent trading with $12.94 being its most recent. The current price level -23.88% lower than the highest price of $17.00 marked by the stock while trading over the past 52-weeks, whereas it is 25.02% higher than the lowest price of $10.35 the company dropped to over past 52-weeks. The latest news story on RTP appeared in Benzinga under the title “Mark Pincus, Reid Hoffman Launch Third SPAC: What You Need To Know” on Feb-16-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -23.88% below one month high and is +11.74% above of the lowest during that time. Looking into the simple moving average, Reinvent Technology Partners (RTP)’s stock stands at a SMA-50 of $12.53 while that of 5-day is reading $14.59.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

Reinvent Technology Partners Earnings – What Happened With RTP

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

RTP – Reinvent Technology Partners Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 69.00 million. RTP does have institutional investors.

Reinvent Technology Partners – Insider Activity and Holdings

As on Dec 30, 2020, Alyeska Investment Group, L.P. was the top most holder in Reinvent Technology Partners (NYSE:RTP) with an ownership of 4.89 million shares of the company or 7.08% of the stake worth $56.47 million. The filing also reveals Luxor Capital Group, LP as the second largest holder in the company with a control over 3.68% of the outstanding shares. Its stake is worth $29.39 million for having 2.54 million shares in hand.

Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

Technical Analysis of Reinvent Technology Partners (NYSE:RTP) stock

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