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SYTA

Siyata Mobile Inc. announced a public offering of $4M in common shares and/or pre-funded warrants at $1.30 per share. The proceeds are intended for working capital, general corporate purposes, marketing, and potential future acquisitions. CEO Marc Seelenfreund highlighted the company's traction in US sales and its goal to lead the Push-to-Talk over Cellular market. Spartan Capital Securities, LLC is the sole placement agent for the offering, expected to close on May 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:08 pm

SCOR

Four analysts have recently updated their evaluations of comScore (NASDAQ:SCOR), showing a mix of bullish and indifferent stances. The average 12-month price target for SCOR has been adjusted to $22.75, marking a 6.49% decrease from previous estimates. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting a nuanced view of comScore's market position and future prospects. Despite challenges in revenue growth, net margin, and ROE, comScore's lower debt-to-equity ratio suggests a conservative financial approach.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

CMG

Chipotle Mexican Grill's (CMG) short interest has increased by 15.88% since the last report, with 874 thousand shares sold short, representing 3.21% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 10.39%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

MAX

MediaAlpha's stock trades lower following the announcement of a secondary public offering of 6.6 million shares by White Mountains Insurance Group and Insignia Capital Group, priced at $19 per share.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:36 pm

MTC

MMTEC, Inc. (NASDAQ:MTC) has announced a suspension of its capital raising activities for the next six months. This decision is based on the Company's current capital position and a comprehensive assessment of the market environment and business operations. The aim is to optimize strategic layout, rationalize resource allocation, and adjust operational strategy to improve efficiency and ensure long-term development.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:21 pm

DTIL

Precision BioSciences, symbol DTIL, announced a private placement where members of its management, including the CEO, purchased $300,000 worth of common stock. This move demonstrates confidence in the company's future prospects by its leadership.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:18 pm

MTC

MMTec, Inc. has announced a pause on all financing activities for the upcoming six months. This decision could impact the company's growth and investment plans in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:06 pm

MNST

Monster Beverage Corporation has initiated a modified Dutch auction tender offer to repurchase up to $3 billion of its outstanding common stock. This strategic move allows shareholders to tender their shares at a price within a specified range, enabling the company to buy back shares and potentially increase the stock's value.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:04 pm

RDFN

A comprehensive review of Redfin (NASDAQ:RDFN) by 5 analysts over the last three months shows a consensus leaning towards a neutral stance, with 4 indifferent and 1 somewhat bearish rating. The average 12-month price target is now $7.25, marking a 17.71% decrease from previous targets. Analysts from DA Davidson, B. Riley Securities, Citigroup, Gordon Haskett, and RBC Capital have adjusted their price targets and ratings, reflecting concerns over Redfin's market position, revenue trends, and financial health. Despite a challenging financial outlook, Redfin's innovative use of technology in real estate services positions it uniquely in the market.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:01 pm

BAND

Bandwidth (NASDAQ:BAND) received varied analyst ratings in the last quarter, with a shift towards a more positive outlook. The average 12-month price target for BAND has been raised to $26.5, indicating a 13.98% increase from the previous target of $23.25. Analysts from Baird, Canaccord Genuity, Barclays, and Keybanc have all raised their price targets, reflecting optimism about the company's future performance. Despite this, Bandwidth's market capitalization is below industry benchmarks, and its financial performance shows mixed results with a positive revenue trend but lower ROE and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:00 pm