Streetbeat News

Equity Actions

CART

Instacart (Maplebear Inc., NASDAQ:CART) reported Q4 earnings of 44 cents per share with revenue of $803 million, slightly missing analyst expectations by 0.15%. CEO Fidji Simo highlighted solid Q4 results and a strong position for 2024, announcing an additional $500 million for share repurchases, totaling $1 billion. The company also reduced its workforce by 250 to improve efficiency. Instacart anticipates 7% to 10% year-over-year growth in Q1 gross transaction value, projecting between $8 billion and $8.2 billion. After the announcement, Instacart shares rose 7.72% in after-hours trading to $30.00.

Portfolio Pulse from Erica Kollmann

February 13, 2024 | 9:53 pm

MFV

MFS Investment Management has announced the planned liquidation of the MFS Special Value Trust, expected to be completed by April 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:42 pm

IMNM

Immunome, Inc. (NASDAQ:IMNM), a biotech company focusing on cancer therapies, announced a proposed public offering of $200M of its common stock. The offering is underwritten by J.P. Morgan, TD Cowen, Leerink Partners, and Guggenheim Securities, with Wedbush PacGrow as the lead manager. The company also plans to give underwriters a 30-day option to buy an additional 15% of the shares sold.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:42 pm

REVG

REV Group, Inc. (NYSE:REVG) announced a proposed secondary offering of 12M shares by certain stockholders, with an option for underwriters to buy an additional 1.8M shares. REV Group will not sell any shares or receive proceeds from this offering. Instead, it plans to repurchase 6M shares from the underwriters using cash and borrowings. The offering's success is subject to market conditions, and the SEC has declared the registration statement effective. Baird, Goldman Sachs, and Morgan Stanley are the joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:40 pm

MAR

Marriott International, Inc. has filed for a mixed shelf offering, though the size of the offering has not been disclosed. This move allows the company flexibility in financing options for future endeavors.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:34 pm

NAMS

NewAmsterdam Pharma has initiated a public offering of ordinary shares and pre-funded warrants, though specific terms were not disclosed. The company also plans to offer underwriters a 30-day option to purchase up to an additional 15% of the securities sold in the offering.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:03 pm

HD

Analysts have recently updated their ratings and price targets for Home Depot (NYSE:HD), showing a positive trend with most analysts raising their price targets. The average 12-month price target is now $380.38, up from $337.50, indicating a bullish outlook. Home Depot's financial performance shows a slight revenue decline but strong profitability and financial health, with a notable ROE of 275.59% and ROA of 5.01%. The company's debt-to-equity ratio is higher than the industry average, suggesting a higher financial risk.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:00 pm

SBET

SharpLink Gaming, identified by its ticker SBET, has filed an FromRW with the SEC, indicating that it will not proceed with a previously considered equity offering under the registration statement. No securities were issued or sold under this registration statement.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:49 pm

GS

NUKK

Goldman Sachs has reported a 7.2% passive stake in Nukkleus, indicating a significant investment by one of the leading global investment banks.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:14 pm

F

Ford Motor (NYSE:F) received mixed analyst ratings with 7 analysts offering their perspectives, showing a shift towards a more cautious outlook over the past 30 days. The average 12-month price target for Ford is now $13.19, down 10.09% from the previous $14.67. Analysts from firms like Morgan Stanley and Citigroup have adjusted their price targets and ratings, reflecting varied expectations for Ford's stock performance. Ford's market position is analyzed, noting its market share, revenue growth, and financial metrics such as net margin and debt management.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 8:00 pm