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Equity Actions

FLT

Fleetcor Technologies (NYSE:FLT) received mixed analyst ratings over the past three months, with 9 analysts offering a range of opinions. The average 12-month price target is $280.33, up from the previous $275.43. Citigroup, Baird, BMO Capital, Mizuho, Raymond James, RBC Capital, Morgan Stanley, and UBS have all adjusted their ratings or price targets. Fleetcor offers specialized payment products and has shown positive revenue growth, a high net margin, and exceptional ROE, but carries a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 1:00 pm

PATK

Patrick Industries (NASDAQ:PATK) received mixed analyst ratings with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target is $108.75, a 12.5% increase from the previous target. Brett Andress of Keybanc and Michael Swartz of Truist Securities raised their targets, while Swartz also lowered a separate target. The company faces challenges with revenue decline, below-average net margin, ROE, and ROA, but has a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 1:00 pm

LCCN

LeapCharger has announced its intention to cancel 32 million shares of its common stock. This move could potentially increase the value of the remaining shares by reducing the total number of shares outstanding, thus increasing the earnings per share and the ownership percentage of each remaining share.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:31 pm

NVRO

Analysts have provided mixed reviews on Nevro Corp (NYSE:NVRO) with 1 somewhat bullish, 6 indifferent, and 1 somewhat bearish rating over the past three months. The average 12-month price target is $19.62, down from the previous $22.25. Recent actions include both lowered and raised price targets, with the highest at $23.00 and the lowest at $15.00. Nevro's financials show a revenue growth of 3.38% over 3 months, but it lags behind industry peers and has a net margin of -22.61%, ROE of -8.09%, ROA of -4.15%, and a high debt-to-equity ratio of 0.68.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 12:00 pm

IDYA

Ideaya Biosciences has sold 4.6 million shares between January 4 and January 11, resulting in net proceeds of $158.9 million. This sale was conducted under an at-the-market offering according to an agreement from June 2023.

Portfolio Pulse from Charles Gross

January 12, 2024 | 11:16 am

GNS

Genius Group announced the pricing of its public offering at $8.25 million, consisting of 23.57 million of the company's ordinary shares. The expected closing date of the offering is on or about January 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:03 am

STLA

Stellantis N.V. (NYSE:STLA) has invested in Tiamat, a French developer of sodium-ion battery technology, through its venture fund, Stellantis Ventures. This investment aligns with Stellantis' Dare Forward 2030 strategic plan, aiming for carbon net zero by 2038 and a significant shift to electric vehicles (EVs) with a 100% BEV sales mix in Europe and 50% in the US by 2030. Stellantis is also securing 400 GWh of battery capacity and has previously partnered with Ample for a Modular Battery Swapping solution and announced plans to increase vehicle production in Italy.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 10:58 am

VCIG

VCI Global Limited (NASDAQ:VCIG) has priced a public offering at $1.25 per share, including 2.2 million ordinary shares and Series A and B warrants. Series A Warrants are exercisable for five years, and Series B Warrants for eighteen months, both at $1.25 per share. The offering is expected to close on January 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:56 am

ECC

Eagle Point Credit Company has priced an underwritten public offering of 1.4 million shares of its 8.00% Series F Term Preferred Stock due 2029 at $25 per share. The offering is expected to yield net proceeds of approximately $33.6 million after underwriting discounts, commissions, and estimated offering expenses.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:24 am

AMZN

QQQ

SPY

Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN), celebrates his 60th birthday as the second-richest person in the world. Amazon, which started as an online bookstore, faced challenges during the dot-com bubble but survived and thrived, becoming a global e-commerce and technology giant. The article reflects on the potential returns of a $1000 investment in Amazon stock during the dot-com bubble compared to the present day, highlighting the company's resilience and growth. It also mentions Amazon's current ventures, including a significant investment in AI through Anthropic, and its dominance in cloud services with AWS.

Portfolio Pulse from Ananya Gairola

January 12, 2024 | 6:17 am