Streetbeat News

Equity Actions

TPG

TPG Growth, part of TPG (NASDAQ:TPG), is set to invest up to $228 million in Sayari, a risk intelligence provider. This strategic majority investment will support Sayari's global expansion and the launch of a new AI-powered supply chain platform in 2024. Sayari has experienced rapid growth and is trusted by government agencies and large companies. The deal, which will see Sayari's founders and investors retain significant stakes, is expected to close in Q1 2024, subject to regulatory approvals. TPG's investment reflects its long-standing interest in information services and government technology sectors.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:04 pm

DATS

DatChat (NASDAQ:DATS) plans to spin off its Habytat AI Gaming platform business into a new standalone public company. DatChat, which owns about 75% of SmarterVerse, Inc., will distribute its shares to DatChat shareholders. The spin-off aims to focus on DatChat's core social media ecosystem, My Family Museum, and unlock shareholder value. The distribution is subject to SEC registration and regulatory approvals. DatChat recently launched HabyPets, an AI-powered game, and a developer program on its Habytat metaverse.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:01 pm

GIII

G-III Apparel Group (NASDAQ:GIII) received mixed analyst ratings with 1 somewhat bullish, 5 indifferent, and 1 somewhat bearish over the last quarter. The average 12-month price target is $28.43, up 15.57% from the previous $24.60. Analysts from Wells Fargo, UBS, Barclays, Telsey Advisory Group, and Keybanc have adjusted their price targets, reflecting a positive outlook on the company's performance. G-III Apparel Group, a textile company with brands like DKNY and Calvin Klein, has shown strong profitability with a net margin of 11.96% and ROE of 8.85%, but faced a revenue decline of -1.04% over 3 months.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm

DDOG

Datadog (NASDAQ:DDOG) has received mixed analyst ratings over the past three months, with 12 analysts offering diverse perspectives. The average 12-month price target for DDOG is now $117.5, up from $102.89, with a high estimate of $140 and a low of $84. Recent actions by analysts include both raised and lowered price targets and ratings, reflecting adjustments to market conditions and company performance. Datadog's financials show a revenue growth rate of 25.43% as of September 30, 2023, but it has below-average net margin, ROE, and ROA, indicating potential profitability and efficiency challenges. The company's debt-to-equity ratio is below the industry average, suggesting a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm

LQR

LQR House Inc. (NASDAQ:LQR), a niche ecommerce platform in the spirits and beverage industry, has increased its share buyback program from $2 million to $5 million. The Board of Directors decided against issuing a $1.00 special dividend, despite a cash position of $7.5 million, to focus on strategic fund allocation and shareholder value preservation. CEO Sean Dollinger emphasized the decision to support the current share price and provide immediate value to shareholders, while maintaining transparent communication.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:00 pm

TTD

Trade Desk (NYSE:TTD) has seen a 3.7% increase in short interest since its last report, with 12.18 million shares sold short, representing 3.08% of its float. It would take about 3.34 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Trade Desk has less short interest compared to its peer group average of 4.90%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm

PUYI

Puyi Inc. has announced a $13 million investment from New Dragon Group for 4,224,000 ordinary shares at $3.13 per share or $4.70 per ADS. This transaction will result in New Dragon holding approximately 1.1% of Puyi's enlarged outstanding ordinary shares. The shares include both newly issued shares and existing shares sold by certain shareholders. Puyi's CEO, Mr. Yong Ren, views the investment as a recognition of Puyi's acquisition-driven growth strategy and a sign of confidence in the company's long-term growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:51 pm

SD

SandRidge Energy's Board has announced a one-time dividend of $1.50 per share. Additionally, the Board plans to increase the ongoing quarterly dividend from $0.10 to $0.11 per share.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:35 pm

PGY

Pagaya Technologies has announced its intention to conduct a reverse stock split of its ordinary shares, expected to occur in Q1 2024. The proposed reverse split ratio will be in the range of 1-for-10 to 1-for-15. This corporate action is typically undertaken by companies aiming to boost their stock price by reducing the number of shares outstanding, which can also help them meet minimum share price requirements for stock exchanges.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:23 pm

PBLA

Panbela Therapeutics, Inc. (NASDAQ:PBLA) has announced a 1-for-20 reverse stock split effective January 18, 2024, to increase its stock price and regain compliance with Nasdaq Capital Market listing requirements. The reverse split will reduce the outstanding shares to approximately 480 thousand, with adjustments to warrants, options, and equity incentive plans. The authorized shares for issuance will remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:21 pm