SuRo Capital Corp. found using ticker (SSSS) now have 3 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 16 and 15 with the average target price sitting at 15.67. Given that the stocks previous close was at 12.37 this now indicates there is a potential upside of 26.7%. There is a 50 day moving average of 11.29 and the 200 day MA is 11. The market capitalisation for the company is $249m. Visit the company website at: http://www.surocap.com
The potential market cap would be $315m based on the market concensus.
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Sutter Rock Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund operates as a Business development Company. The fund may also invest in select publicly-traded equity securities of companies that otherwise meet its investment criteria. It seeks to invest in the technology subsectors of social/mobile marketplaces, sustainability, cloud computing and big data, social media, mobile computing and applications, software as a service, Internet commerce, green technology and education technology. The fund invests in the form of non-controlling equity and equity-related investments, including common stock, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity, and convertible debt securities with a significant equity component. It will invest in companies based in United States. It generally invests in companies with a market value of over $100 million. Typically, the firm exits its position within 18 months of going public, or 12 months after any relevant lock-up has expired.