Streetbeat News

Equity Actions

JZ

Jianzhi Education Technology Group Company Limited (JZ) announced a change in its ADS ratio from 1 ADS representing 2 ordinary shares to 1 ADS representing 6 ordinary shares, effective around February 20, 2024. This adjustment will act similarly to a one-for-three reverse ADS split for Jianzhi's ADS holders. The change aims to increase the trading price of Jianzhi's ADSs on the Nasdaq, though there's no guarantee of the post-change price meeting expectations. No fractional new ADSs will be issued; instead, net cash proceeds from the sale of fractional entitlements will be distributed to the ADS holders.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:37 pm

LBTYA

Liberty Global has announced its plan to spin off 100% of its Sunrise communications business to its shareholders. This strategic move is aimed at unlocking value for shareholders by separating Sunrise into a standalone entity.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:32 pm

IFBD

Infobird Co., Ltd (IFBD) announced that it does not plan any financing activities in the next three months, indicating stability or confidence in its current financial position.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:31 pm

TTD

The Trade Desk shares surged following the announcement of Q4 revenue results surpassing expectations and Q1 revenue guidance exceeding estimates. Additionally, the company expanded its share repurchase program by $647 million.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:13 pm

HEPA

Hepion Pharmaceuticals has exercised a Series B common stock purchase warrant for 980,393 shares, resulting in gross proceeds of approximately $2M. This move indicates a potential boost in the company's financial position and could reflect positively on its stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:10 pm

GLOB

Globant (NYSE:GLOB) received mixed analyst ratings with an updated average 12-month price target of $268.88, marking a 17.78% increase from the previous target. The company shows strong financial health with notable revenue growth and profitability, despite a below-average market capitalization and ROE. Analysts from firms like Piper Sandler and JP Morgan have raised their price targets, reflecting optimism about Globant's future performance.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:00 pm

AMX

America Movil (NYSE:AMX) received mixed analyst ratings over the past three months, with an average 12-month price target of $21.13, reflecting a 6.77% increase from the previous target. The company, a leading telecom carrier in Latin America, faces challenges in revenue growth and return on equity, despite its strong market position and cost management.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:00 pm

PVH

PVH Corp (NYSE:PVH) has been analyzed by 14 analysts, showing a mix of bullish to indifferent sentiments. Recent updates include raised price targets and ratings, reflecting a positive outlook on the company's performance. The average 12-month price target is now $116.86, up 17.8% from $99.20, indicating analysts' increased confidence in PVH's market standing. Financial indicators such as market capitalization, revenue growth, net margin, and ROE are strong, though ROA and debt management present areas for improvement.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:00 pm

DTM

DT Midstream has updated its financial outlook, increasing its 2024 Adjusted EBITDA guidance to $930M-$980M and providing an early outlook for 2025 with an Adjusted EBITDA range of $980M-$1.04B, indicating a 6% annual growth from 2024. The company also forecasts 2024 Adjusted EPS to be between $3.43 and $3.83, compared to the estimated $3.85.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:15 pm

QDEL

QuidelOrtho has revised its 2024 financial guidance, widening the range for adjusted EPS to $1.88-$3.60 from the previously announced $2.40-$3.07. This adjustment is made to align with the adjusted EBITDA guidance, while the midpoint of the adjusted EPS range remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:09 pm