Streetbeat News

Equity Actions

ETSY

Significant options trading activity on Etsy (NASDAQ:ETSY) indicates a mixed sentiment among big-money investors, with a lean towards bearishness. Benzinga's options scanner revealed 9 unusual trades, showing a split sentiment of 44% bullish and 55% bearish. The trades focus on a price band between $60.0 and $90.0 for Etsy. Analysts have varying views on Etsy, with target prices ranging from $64 to $95. The company, a major e-commerce marketplace, reported a consolidated gross merchandise volume of $13.2 billion in 2023.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 7:02 pm

DCGO

Four analysts have recently shared mixed evaluations of DocGo (NASDAQ:DCGO), with a shift towards more bullish ratings in the last 30 days. The average 12-month price target for DCGO has been adjusted to $10.5, down from $12.50, indicating a 16.0% decrease. DocGo's financial performance shows strong growth and profitability, with significant revenue growth and above-average net margin, ROE, and ROA. The company's low debt-to-equity ratio suggests prudent financial management.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 7:01 pm

MAGQ

MAGS

MAGX

Roundhill Investments has expanded its ETF lineup with the introduction of the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX), offering inverse and leveraged exposure to the Magnificent Seven stocks (MSFT, AAPL, GOOG, GOOGL, AMZN, META, NVDA, TSLA). The original Roundhill Magnificent Seven ETF (MAGS) has seen significant growth, with assets under management reaching $152 million and a year-to-date increase of nearly 14%.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 6:36 pm

CXM

Sprinklr's stock is trading higher following the announcement that it will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:22 pm

BKKT

Bakkt's shares are trading lower following the announcement of preliminary 2023 financial results and a $50 million registered direct offering, split between a $40 million offering with institutional investors and a $10 million offering.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:08 pm

SAIC

Science Applications Intl (NYSE:SAIC) has received mixed reviews from analysts, with recent ratings ranging from 'Sell' to 'Neutral'. The average 12-month price target has been raised to $130.75, up 10.34% from the previous $118.50. Analysts from Goldman Sachs, Truist Securities, JP Morgan, and Wells Fargo have adjusted their price targets, reflecting changes in market conditions and company performance. Despite challenges in revenue growth and debt management, SAIC exhibits strong profitability with a notable net margin of 4.91% and an impressive ROE of 5.07%.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:01 pm

AAP

In the latest quarter, 4 analysts provided ratings for Advance Auto Parts (NYSE:AAP), all maintaining an indifferent stance. The 12-month price targets show an average of $65.5, marking a 24.17% increase from the previous $52.75. Analysts from RBC Capital, JP Morgan, Barclays, and Truist Securities have raised their price targets, reflecting optimism about AAP's future performance despite current challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:01 pm

PAYO

Over the last three months, Payoneer Global (NASDAQ:PAYO) received mixed analyst ratings, with a recent shift towards a somewhat bullish outlook. The average 12-month price target is now $7.00, down from $7.33, indicating a 4.5% decrease. Analysts from firms like Keefe, Bruyette & Woods, Needham, Benchmark, and Goldman Sachs have updated their ratings and price targets, reflecting changes in market conditions and company performance. Payoneer Global's financial performance shows a solid revenue growth rate of 30.91% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its below-industry-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:00 pm

INTC

Intel has officially announced the launch of Altera, a new standalone company focused on FPGA (Field-Programmable Gate Array) technology. Altera will operate under its own brand, marking a significant move in Intel's business strategy.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:51 pm

ABNB

AMZN

BABA

CMG

LULU

PDD

RIVN

SBUX

TSLA

XPEV

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment was observed in TSLA, AMZN, RIVN, XPEV, LULU, and BABA options, while ABNB and PDD showed bearish sentiment. SBUX and CMG options displayed neutral sentiment. The activity involved both call and put options across various expiration dates and strike prices, suggesting diverse strategies by large investors.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm