Streetbeat News

Equity Actions

EMKR

EMCORE Corporation has entered into a cooperation agreement with Bradley L. Radoff and appointed Cletus C. Glasener as the new Chairman of the Board. Jeffrey J. Roncka also joins the board. Concurrently, Stephen L. Domenik stepped down, and the board size was increased to six members. Additionally, EMCORE will amend and restate the charter for its Strategy and Alternatives Committee.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:02 pm

DVN

Devon Energy (NYSE:DVN) has been rated by 15 analysts, showing a mix of bullish and bearish sentiments. The average 12-month price target is $55.47, with a high of $77.00 and a low of $48.00, marking a 4.81% decrease in the average target. Analysts from firms like Mizuho, Raymond James, and UBS have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Devon Energy's financials indicate a negative revenue trend with a -29.38% growth over 3 months, but strong profitability with a net margin of 23.72% and an ROE of 8.03%. The company's debt-to-equity ratio is below industry average at 0.55.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 9:01 pm

MIDD

Analysts have mixed views on Middleby (NASDAQ:MIDD), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $153.8, down from $163.00, with individual targets ranging from $137.00 to $160.00. Analysts from Jefferies, Keybanc, Barclays, and JP Morgan have adjusted their ratings and price targets, reflecting their latest outlook on the company. Middleby operates in the foodservice and kitchen equipment industry and has shown a revenue decline of -1.23% over the last quarter, with a net margin of 11.08% and ROE of 3.57%. The company's debt-to-equity ratio is 0.84, indicating higher debt levels than industry norms.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 9:00 pm

MSTR

Michael Saylor, co-founder of MicroStrategy Incorporated (NASDAQ:MSTR), is known for his bullish stance on Bitcoin (CRYPTO: BTC), even suggesting to mortgage houses to buy it. MicroStrategy has accumulated 189,150 BTC with an average purchase price of $31,168. Saylor emphasizes a long-term investment strategy for Bitcoin. A $1,000 investment in Bitcoin when Saylor advised in March 2021 would be worth $810.73 today, a decline of 18.9%. Optimism remains with the approval of spot Bitcoin ETFs potentially increasing Bitcoin's value.

Portfolio Pulse from Chris Katje

January 11, 2024 | 8:29 pm

EWCZ

European Wax Center (NASDAQ:EWCZ) has received mixed analyst ratings over the past three months, with 4 analysts offering varied opinions. The average 12-month price target is now $17.00, down from the previous $19.75, indicating a 13.92% decrease. Analysts from Piper Sandler, Truist Securities, Morgan Stanley, and Telsey Advisory Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. European Wax Center has shown a revenue growth rate of 1.22% as of September 30, 2023, a net margin of 5.28%, an ROE of 2.95%, and an ROA of 0.39%, but carries a high debt-to-equity ratio of 3.83.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:01 pm

IFF

Analysts have mixed views on Intl Flavors & Fragrances (IFF), with 7 ratings in the past 3 months and an average 12-month price target of $83.57, up from $79.83. The company is a global leader in specialty ingredients but has seen a revenue decline of -7.93% as of September 30, 2023. Despite a strong net margin of 0.89%, IFF's ROE and ROA are below industry averages, and it has a conservative debt-to-equity ratio of 0.65.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:01 pm

TALO

Talos Energy (NYSE:TALO) has been rated by 4 analysts in the past three months, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target is now $21.00, down from $22.33, with a high estimate of $24.00 and a low of $20.00. Analysts from Keybanc, Canaccord Genuity, Stifel, and Benchmark have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Talos Energy, an independent oil and gas company, has shown a revenue growth rate of 1.59% as of September 30, 2023, but struggles with below industry standard net margin, ROE, and ROA, despite a prudent debt-to-equity ratio of 0.52.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:01 pm

BETS

Bit Brother Ltd (NASDAQ:BETS) stock dropped 22% to $5.14 after implementing a 1 for 1,000 reverse stock split, reducing its Class A ordinary shares from 3.8 billion to approximately 3.8 million. The reverse split was previously approved by the board in November and the split-adjusted shares began trading on Wednesday at a price roughly one thousand times the pre-split price. BETS has a 52-week range between $6.50 and $0.0038.

Portfolio Pulse from Henry Khederian

January 11, 2024 | 7:58 pm

MI

NFT Limited has agreed to sell approximately 69.9 million units at a price of $0.221 per unit, raising a total of around $15.47 million.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:35 pm

MI

NFT Ltd has entered into a securities purchase agreement with certain non-U.S. persons on January 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:35 pm