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Equity Actions

PCVX

Vaxcyte has initiated a proposed public offering of common stock and pre-funded warrants, with the terms yet to be disclosed. The completion of the offering is contingent on market conditions and other factors, and there is no guarantee of the offering's size, terms, or completion timeline.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:33 pm

NAVI

Navient Corporation plans to outsource its student loan servicing operations to create a variable expense model. The company is also exploring strategic options for its Business Processing division, which may include a potential divestment.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:31 pm

SGLY

Singularity Future Technology has announced a 1-for-10 reverse stock split. The common stock will continue trading on the Nasdaq Stock Market under the symbol 'SGLY', with a new CUSIP number 82935V 307.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:29 pm

MINM

David E. Lazar, an activist investor, has disclosed a significant 51% active stake in Minim Inc. This level of ownership suggests a potential for substantial influence over the company's strategic direction, operational decisions, and potential for future corporate actions such as mergers, acquisitions, or restructuring.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:28 pm

EQR

Equity Residential projects its FY24 Normalized Funds From Operations (FFO) per share to be in the range of $3.80 to $3.90, compared to the estimated $3.87 by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:23 pm

MTCH

Match Group's board has authorized a $1 billion share repurchase program, signaling confidence in the company's financial health and future prospects. This move could potentially increase shareholder value by reducing the number of shares outstanding, thus possibly leading to a higher earnings per share (EPS) and stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:21 pm

BREA

Brera Holdings (NYSE:BREA) has experienced a 171.43% increase in short interest since its last report, with 6 thousand shares sold short, representing 0.19% of its float. The short interest is below the peer group average of 1.46%. While high short interest can indicate bearish sentiment, it does not necessarily predict a price drop. It takes traders approximately 1 day to cover short positions based on current trading volumes.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:45 pm

WSC

Analyst ratings for WillScot Mobile Mini (NASDAQ: WSC) have varied over the last quarter, with recent updates showing a mix of bullish and indifferent stances. The average 12-month price target is $52.00, with high and low estimates of $57.00 and $45.00, respectively. Analysts from Deutsche Bank, Oppenheimer, Morgan Stanley, and Stifel have recently adjusted their ratings and price targets. WillScot Mobile Mini specializes in flexible workspace and portable storage solutions, with the majority of its revenue from the US. The company has shown a revenue growth rate of 4.64%, a net margin of 15.13%, an ROE of 6.65%, and an ROA of 1.55%, but carries a high debt-to-equity ratio of 2.84.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:00 pm

JKHY

Analysts have varying opinions on Jack Henry & Associates (NASDAQ:JKHY), with 4 recent ratings ranging from bullish to indifferent. The average 12-month price target is $175.00, with a high of $186.00 and a low of $161.00, reflecting a slight increase from the previous average of $174.00. Jack Henry provides services to banks and credit unions and has shown a revenue growth of 7.97% as of September 30, 2023. The company has a strong net margin of 17.8%, an ROE of 6.22%, an ROA of 3.69%, and a low debt-to-equity ratio of 0.15.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:00 pm

OKE

ONEOK Inc. (NYSE:OKE) shares have dropped by 0.42% in the current session to $69.36, reflecting a 1.77% decrease over the past month but a 2.23% increase over the past year. The company's P/E ratio is lower than the industry average, which could indicate that the stock is undervalued or that investors have lower growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:15 pm