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Equity Actions

KHC

Kraft Heinz (NASDAQ:KHC) is set to release its Q4 earnings on Feb. 14, 2024, with expected earnings of 77 cents per share and revenue of $6.9 billion, down from the previous year. Citigroup initiated coverage with a Buy rating and a $43 price target. The company has a $3 billion share repurchase program and offers a 4.40% dividend yield. To earn $500 monthly from dividends, an investment of approximately $136,350 is needed.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:55 pm

CRSP

CRISPR Therapeutics announced a $280M registered direct offering at $71.50/share, led by EcoR1 Capital and SR One, with participation from both new and existing investors. This move aims to support ongoing clinical trials in oncology, cardiovascular, and diabetes, accelerate auto-immune and in vivo gene writing programs, and strengthen the balance sheet, resulting in a pro forma cash position of over $2.1 billion.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:43 pm

OMF

OneMain Holdings, Inc. (NYSE:OMF) announced the appointment of Jenny Osterhout as CFO and Micah Conrad as COO, effective March 31, 2024. Osterhout, currently Chief Strategy Officer, and Conrad, the current CFO, have been recognized for their contributions to the company's growth and expansion into new products. Conrad will replace Rajive Chadha, who transitions to a Senior Advisor role. The leadership changes are part of OneMain's strategy to continue delivering shareholder value and expanding its product offerings.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:35 pm

CAMP

EGAN

WISA

The article highlights the top 3 oversold tech stocks in the information technology sector, suggesting they could be undervalued opportunities for investors. eGain Corporation (EGAN) reported better-than-expected Q2 financial results, boosting interest in its AssistGPT offering. WiSA Technologies, Inc. (WISA) announced a $10 million public offering, causing its stock to drop significantly. CalAmp Corp. (CAMP) reported disappointing quarterly sales, attributing it to soft demand in its TSP segment. All three companies have RSI values indicating they are oversold, potentially signaling a buying opportunity.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:09 pm

BB

BlackBerry Ltd (NYSE:BB) is implementing strategic cost-saving measures aimed at achieving $100 million in annualized net profit improvements, building on previous savings of $50 million. The company has already identified and implemented $55 million of this target in the current quarter. BlackBerry is progressing towards operating cash flow positivity by Q4 FY25, having reduced its debt by 45% and maintaining a strong revenue outlook. The company is also streamlining its cost structure, including job cuts and exiting six global office locations, as part of its efforts to enhance profitability and growth.

Portfolio Pulse from Anusuya Lahiri

February 13, 2024 | 1:03 pm

PLCE

Analyst ratings for Children's Place (NASDAQ:PLCE) show a bearish trend with a significant decrease in the average 12-month price target from $29.75 to $15.00, a 49.58% drop. Recent actions by analysts include lowering ratings and price targets, reflecting concerns over the company's performance and market conditions. Despite challenges in revenue growth and a high debt-to-equity ratio, Children's Place maintains a strong market position with a notable net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:00 pm

PAYO

Four financial analysts have recently shared mixed evaluations of Payoneer Global (NASDAQ:PAYO), with a consensus leaning towards a bullish outlook despite a decrease in the average 12-month price target from $7.50 to $7.00. The company has shown significant revenue growth of 30.91% over the past three months, outperforming its peers in the Financials sector. However, it faces challenges in profitability, asset utilization, and equity capital efficiency, as indicated by below-average net margin, ROA, and ROE. Payoneer's prudent financial strategy is reflected in its low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:00 pm

PSX

Phillips 66 (NYSE:PSX) has appointed Robert W. Pease to its Board of Directors, effective immediately, expanding the board to 14 directors, with 12 being independent. This decision follows a constructive dialogue with Elliott Investment Management L.P., with whom Phillips 66 has also agreed to identify a second mutually agreed director in the coming months.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 12:52 pm

INCY

Incyte announced its plans to advance its high potential pipeline, aiming for over 10 new product launches by 2030. This strategic move is expected to significantly impact the company's growth and market position.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 12:12 pm

DAY

MCO

Moody's Corporation (NYSE:MCO) has appointed Noémie Heuland as its new Senior Vice President and Chief Financial Officer, effective April 1, 2024. Heuland, with nearly 25 years of experience in financial leadership roles, joins from Dayforce (NYSE:DAY), where she was Executive Vice President and CFO since 2020. Her career also includes a significant tenure at SAP, contributing to its growth and transition to a SaaS business model.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 12:10 pm