Streetbeat News

Earnings

HRZN

Horizon Technology Finance Corporation (HRZN) reported its Q1 2024 portfolio update, highlighting $33.5 million in new loan originations and ending the quarter with a committed backlog of $168 million. The company experienced liquidity events from three portfolio companies, receiving principal prepayments and partial paydowns totaling $19.8 million. HRZN's unfunded loan approvals and commitments stood at $168.2 million to 14 companies as of March 31, 2024. The company also holds a portfolio of warrant and equity positions in 99 portfolio companies, indicating potential for future returns.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:17 pm

RELL

Richardson Electronics (NASDAQ:RELL) reported Q3 earnings of $0.05 per share, surpassing the $0.02 estimate, but its sales of $52.38M fell short of the $56.00M estimate. This represents a significant decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:15 pm

PHVS

Pharvaris N.V. reported a decrease in its year-over-year loss per share from €1.16 to €0.74 in Q4 and from €2.27 to €2.63 for the full year. The company's cash and equivalents significantly increased to €391 million as of December 31, 2023, from €162 million the previous year. R&D and G&A expenses also rose in 2023.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:14 pm

SHO

Sunstone Hotel Investors has agreed to acquire the Hyatt Regency San Antonio Riverwalk Hotel for $230M, expecting to close in late April. The acquisition is anticipated to contribute $12M-$13M in hotel EBITDA and approximately $0.06 in adjusted FFO during the 2024 ownership period.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:13 pm

PCYO

Pure Cycle Corporation (PCYO) CEO Mark Harding announced record year-to-date water sales to oil and gas customers for 2024, with a positive outlook for the second half of the year. Additionally, the company's Sky Ranch Master Planned community is expanding rapidly, with three phases of lot development currently under construction. This expansion includes the completion of approximately 211 lots in Phase 2B and significant progress on 228 lots in Phase 2C.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:06 pm

RENT

Rent the Runway (NASDAQ:RENT) reported Q4 earnings with a loss of $(7.02) per share, missing the $(6.53) estimate, but sales of $75.80M exceeded the $74.10M forecast. This represents a slight improvement in both losses and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:02 pm

ACAD

ACADIA Pharmaceuticals (NASDAQ:ACAD) has received diverse analyst ratings over the past quarter, with a shift towards more conservative price targets recently. The average 12-month price target is now $33.2, down from $36.62, reflecting a 9.34% decrease. Analysts from firms like Cantor Fitzgerald, Needham, and JP Morgan have adjusted their ratings and price targets, indicating a nuanced view of the company's future performance. ACADIA's financial performance shows strong market capitalization, revenue growth of 69.27%, and high net margin and ROE, outperforming industry standards.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:01 pm

DIA

IWM

QQQ

SPY

Stocks declined and bond yields increased after the release of March inflation data, which was higher than anticipated. This suggests that inflationary pressures remain strong, potentially influencing future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:50 pm

APP

Josh Brown of Ritholtz Wealth Management is considering buying shares of AppLovin Corp (NASDAQ:APP), the best performing stock in the Russell 1000 Index for the year, due to its significant price recovery and strong fundamentals in AI advertising. AppLovin, which went public in April 2021, saw its stock price plummet in 2022 but has rebounded with a 93% increase year-to-date in 2024. Brown is waiting for a pullback to the 50-day moving average in the low $70s before buying. Analysts predict a 27% earnings growth for AppLovin in 2024, highlighting its expanding margins and dominant position in the AI ad space.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 7:40 pm

SLB

Financial giants have shown a bullish sentiment towards Schlumberger (NYSE:SLB), with a mix of bullish and bearish options trades. Analysis of options history revealed 9 unusual trades, with a slight majority being bullish. The largest trades include both calls and puts, with a significant total trade price, indicating a price window expectation of $32.5 to $62.5 for SLB. The company, a leading oilfield service firm, is approaching its earnings announcement, with its stock slightly down and potentially nearing overbought status.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 7:31 pm