Streetbeat News

Equity Actions

TT

Trane Technologies (NYSE:TT) received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for TT has been raised to $308.14, indicating a positive sentiment shift. Analysts from firms like Stephens & Co., Baird, Citigroup, Barclays, Goldman Sachs, and RBC Capital have raised their price targets, reflecting optimism about TT's financial performance, including strong revenue growth, net margin, ROE, ROA, and effective debt management.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 1:01 pm

TDUP

ThredUp (NASDAQ:TDUP) received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target for TDUP has been raised to $4.25, indicating a 6.25% increase from the previous target. Analysts from Telsey Advisory Group, Wedbush, and Needham maintain positive ratings, with price targets ranging from $4.00 to $5.00. ThredUp's financial performance shows a 14.13% revenue growth rate and a net margin of -17.95%, with a notable ROE of -13.69% and an ROA of -5.67%. The company's debt-to-equity ratio is 0.74, below industry norms.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 1:00 pm

ALRN

Aileron Therapeutics has announced the pricing of an offering of 4,273,505 shares and accompanying warrants, with a combined offering price of $4.68. This move is aimed at raising capital, potentially for operational expenses or growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:56 pm

LKNCY

SBUX

YUMC

Yum China Holdings Inc. (NYSE:YUMC) has significantly accelerated its share repurchase program and restaurant expansion, surpassing the 15,000-store milestone in China. The company spent a record $745 million on share buybacks and dividends in Q1, buying back more shares than any year in its history and raising its quarterly dividend. Yum China is expanding into smaller cities with new store formats and franchising, and has launched a new coffee chain, KCOFFEE, to compete with Starbucks and Luckin. The company aims to serve half of China's population by 2026, with plans to open 1,500 to 1,700 new stores this year.

Portfolio Pulse from The Bamboo Works

May 01, 2024 | 12:48 pm

YTEN

Yield10 Bioscience has announced a 1-for-24 reverse stock split, set to take effect after the market closes on May 2. This action is typically undertaken by companies seeking to increase their share price to meet exchange listing requirements or to improve perception among investors.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:47 pm

XPER

Rubric Capital Management criticizes Xperi Inc. for misleading stockholders with false statements and manipulations, particularly regarding its post-spin performance, share repurchase program, dilution, executive compensation, and director ownership. Rubric urges stockholders to vote for its nominees, Thomas A. Lacey and Deborah S. Conrad, to improve governance and alignment with stockholder interests. Xperi's underperformance and questionable practices are highlighted as reasons for change.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:24 pm

ADMQ

ASPI

ETST

Insiders at ASP Isotopes, Earth Science Tech, and ADM Endeavors have recently made significant stock purchases, signaling confidence in their companies' prospects. Earth Science Tech announced a $5 million stock repurchase program, ADM Endeavors' stock rose 4% over the past month, and ASP Isotopes received a price target increase from HC Wainwright & Co.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:22 pm

SABA

Saba Capital Income & Opportunities Fund II has announced a 1-for-2 reverse stock split. This action is a structural adjustment to the fund's shares, aiming to consolidate shares and potentially increase the market price per share.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:18 pm

SABA

Saba Capital Income & Opportunities Fund II has announced the approval of a market repurchase program, authorizing the purchase of up to 10% of its common shares each fiscal year. This move is aimed at enhancing shareholder value by potentially increasing the fund's share price through the reduction of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:18 pm

GTES

Gates Industrial has increased its FY24 adjusted EBITDA forecast to a range of $745M-$805M, up from the previously projected range of $725M-$785M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:14 pm