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Equity Actions

PLMR

In the last three months, 4 analysts have updated their ratings on Palomar Holdings (NASDAQ:PLMR), showing a shift towards a more bullish outlook. The average 12-month price target has been raised to $82.75, up 14.53% from the previous $72.25. Analysts from Jefferies, Keefe, Bruyette & Woods, Truist Securities, and Evercore ISI Group have all raised their price targets, indicating a positive sentiment towards PLMR's market position and financial health, highlighted by its revenue growth, net margin, and ROE.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 12:00 pm

STI

Solidon Technology's stock is trading lower following the announcement of a $3.85 million private placement.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:59 am

PGY

Pagaya Technologies announced the pricing of an underwritten public offering of 7.5 million Class A shares at $12.70 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:46 am

EVTL

Vertical Aerospace announced receiving $25M from Stephen Fitzpatrick on March 13, 2024, with an additional commitment of $25M set for July 31, 2024. This financial boost could significantly impact the company's operations and future projects.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:38 am

KNTK

Kinetik Holdings announced the pricing of a secondary offering of 11,373,801 shares at $33.75 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:38 am

ECNS

IRBO

MOMO

Hello Group Inc (NASDAQ:MOMO) reported a Q4 fiscal 2023 revenue decline of 6.5% Y/Y to $423.0 million, surpassing consensus estimates. Adjusted net income per ADS was $0.37, above consensus. Despite beating estimates, MOMO shares fell 17.47% in premarket trading. The company saw a decrease in MAUs and paying users for its Tantan and Momo apps. Revenue from live video service and value-added service declined, while mobile marketing and games saw growth. Hello Group announced a special dividend and extended its share buyback program. The company forecasts a revenue decrease for Q1. MOMO can be accessed via ECNS and IRBO ETFs.

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 11:15 am

UNCY

Unicycive Therapeutics has entered into a securities purchase agreement with healthcare-focused institutional investors for the sale of 50,000 shares of its Series B Convertible Preferred Stock, priced at $1,000 per share.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:10 am

PGY

Pagaya Technologies has announced the pricing of an underwritten public offering of 7,500,000 Class A ordinary shares at a price of $12.70 per share.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:48 am

QSR

Restaurant Brands International Inc. has appointed Sami Siddiqui as its new CFO, replacing Matt Dunnigan who is leaving the company. This change in the financial leadership could signal a strategic shift or continuity in financial management for the company.

Portfolio Pulse from Charles Gross

March 14, 2024 | 10:34 am

PSQH

PSQ Holdings, Inc. (NYSE:PSQH), also known as PublicSquare, has completed the acquisition of Credova Holdings, Inc., a Buy Now Pay Later (BNPL) solutions provider for the shooting sports and firearms industries, in an all-equity transaction. The deal involved PublicSquare issuing approximately 2.9 million shares of its Class A common stock and converting Credova's outstanding subordinated debt into 10-year promissory notes, convertible into PublicSquare Class A common stock. Following the merger, Credova became a wholly-owned subsidiary of PublicSquare, with Credova's management, including CEO Dusty Wunderlich, joining PublicSquare. Wunderlich is also expected to join PublicSquare's board of directors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:07 am