Streetbeat News

Equity Actions

DLTR

Dollar Tree (NASDAQ:DLTR) has received mixed analyst ratings over the past three months, with 13 analysts offering a range of opinions. The average 12-month price target is $140.23, with a high of $160.00 and a low of $122.00. Recent actions include both raised and lowered price targets and ratings, reflecting ongoing adjustments to market conditions and company performance. Dollar Tree operates over 15,000 stores in the U.S. and Canada, with a diverse product mix. Financially, the company has shown a revenue growth rate of 5.4% as of October 31, 2023, a net margin of 2.9%, but lower than average ROE and ROA. Its debt-to-equity ratio is conservative at 1.19.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 4:00 pm

ADBE

Adobe (NASDAQ:ADBE) is evaluated against its peers in the software industry, showing mixed signals. Its P/E ratio of 50.43 is below the industry average, suggesting undervaluation, while its P/B ratio of 16.43 is also lower than the average. However, its P/S ratio of 14.1 is above the industry average, indicating potential overvaluation. Adobe's ROE is below the industry average, and its revenue growth is significantly lower than peers, but it has a strong EBITDA and gross profit. Adobe's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 4:00 pm

DIS

MS

James P. Gorman, CEO of Morgan Stanley, appeared live on CNBC to discuss the board of Disney.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:53 pm

HPQ

HP Inc.'s (NYSE:HPQ) short interest has decreased by 8.7% since the last report, with 10.90 million shares sold short, representing 1.26% of available shares. The average time to cover these short positions is 1.18 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. HP has a lower short interest compared to its peer group average of 6.86%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:45 pm

NEXT

An options sweep for NextDecade Corporation (NEXT) was observed, with 5000 calls at a $6 strike price expiring on April 19 being purchased near the ask price at $0.3 each. This volume is higher than the open interest of 2752 for the same option, indicating new positioning. The stock reference price at the time was $4.655.

Portfolio Pulse from Charles Gross

December 21, 2023 | 3:42 pm

LGVN

Longeveron Inc. has announced a registered direct offering of 1.36 million shares at $1.745 per share, aiming to raise approximately $2.36 million. The company will also issue warrants with an exercise price of $1.62 per share. The proceeds are intended for working capital and general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent for the offering, which is expected to close on December 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:37 pm

CF

CF Industries Holdings saw a significant options activity with a sweep of 16,478 May 17 $90 calls near the ask price at $2.934, compared to an open interest of 93. This activity comes ahead of the company's earnings report, which is estimated to be released after the market close on February 14th. The reference stock price at the time of the options trade was $78.81.

Portfolio Pulse from Charles Gross

December 21, 2023 | 3:35 pm

CCJ

Traders are circulating news that Investor Business Daily's SwingTrader has purchased shares of Cameco, which may influence the stock's trading activity.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:15 pm

HUBG

Hub Group (NASDAQ:HUBG) has been the subject of diverse analyst ratings over the past three months, with 7 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for HUBG is $89.14, with a high estimate of $110.00 and a low estimate of $75.00, marking a 7.43% decrease in the average target. Analysts from firms including JP Morgan, Benchmark, Barclays, Susquehanna, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Hub Group's financials show a -24.39% decline in revenue growth as of September 30, 2023, but strong profitability with a net margin of 2.97% and efficient use of equity and assets, as indicated by ROE of 1.88% and ROA of 1.07%. The company has a low debt-to-equity ratio of 0.34.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:00 pm

SKIN

There was a notable options market activity for Beauty Health, with a sweep of May 17 $5 calls, where 929 contracts were bought at $0.4 each near the ask price, against an open interest of 761 contracts. The underlying stock reference price at the time was $3.29.

Portfolio Pulse from Charles Gross

December 21, 2023 | 2:51 pm