Streetbeat News

Revenues

NAMS

NewAmsterdam Pharma reported a Q1 EPS of $(1.06), widening from $(0.51) YoY. Cash increased to $481.1M, driven by a follow-on offering and warrant exercises. Revenue fell to $1.4M from $8.6M, with no clinical milestones achieved. R&D expenses rose to $42.4M, and SG&A expenses increased to $14.5M, reflecting growth and preparation for obicetrapib's potential launch. The net loss deepened to $93.8M from $42.0M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:04 pm

NUWE

Nuwellis has entered into a purchase agreement with a network of 50 hospitals for its Aquadex Ultrafiltration Therapy. The financial terms of the deal were not disclosed. This agreement could potentially increase the adoption and usage of Aquadex therapy in a significant number of healthcare facilities, impacting Nuwellis's market presence and revenue.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:02 pm

FVRR

In the last three months, 8 analysts have evaluated Fiverr Intl (NYSE:FVRR), showing a mix of bullish and indifferent sentiments. The recent ratings indicate a shift towards a more cautious outlook, with a current average price target of $30.88, down 8.29% from the previous target. Analysts from firms like Needham, BTIG, JP Morgan, Citigroup, RBC Capital, and Piper Sandler have adjusted their price targets and ratings, reflecting changes in market conditions and Fiverr's performance. Fiverr's financials show a notable revenue growth of 10.07% over the past 3 months, a net margin of 5.14%, but lower than average ROE and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:01 pm

MGTX

MeiraGTx Holdings (MGTX) reported Q1 EPS of $(0.32), beating estimates of $(0.50) and improving from last year's $(0.62). However, sales dropped to $697K from $3.33M YoY, a 79.09% decrease.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:01 pm

SWKS

Skyworks Solutions (NASDAQ:SWKS) has been the subject of 9 analyst reviews over the past three months, showing a mix of bullish and bearish sentiments. The average 12-month price target among analysts is $102.22, down 10.86% from the previous target, with individual targets ranging from $83.00 to $120.00. Recent actions by analysts include downgrades in ratings and price targets by firms such as Citigroup, Wells Fargo, and UBS, reflecting adjustments to market conditions and company performance. Despite a negative revenue trend and challenges in market capitalization, Skyworks Solutions maintains a strong net margin and a sound debt management profile.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:00 pm

COST

Recent evaluations by 24 analysts on Costco Wholesale (NASDAQ:COST) show diverse opinions, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for COST has increased by 5.04% to $779.38, with high and low estimates of $870.00 and $650.00, respectively. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting changes in market conditions and company performance. Costco's financial health is strong, with significant market capitalization, revenue growth, and efficient cost management.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:00 pm

TRIP

Tripadvisor (NASDAQ:TRIP) has been analyzed by 11 analysts, showing a shift towards a more neutral stance in the last three months with a total of 9 indifferent ratings recently. The average 12-month price target for TRIP has increased to $26.18, reflecting a 14.37% rise from the previous target of $22.89. Analysts' actions range from maintaining to raising their price targets, with the highest target set at $34.00 and the lowest at $20.00. Tripadvisor's financial performance indicates a positive revenue growth rate of 10.17% and a strong net margin of 8.21%, despite a high debt-to-equity ratio of 1.05.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:00 pm

MNMD

Mind Medicine (MindMed) Inc. presented new studies at ISPOR 2024, demonstrating the significant economic and societal impact of Generalized Anxiety Disorder (GAD) in the U.S. The studies, based on data from the 2022 National Health and Wellness Survey, showed that GAD increases healthcare costs, decreases work productivity, and lowers health-related quality of life. The impact is more severe in undiagnosed cases. MindMed is developing novel treatments for GAD and other brain health disorders.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:56 pm

IAS

PUBM

RBLX

Roblox Corp (NYSE:RBLX) stock plummeted after issuing a weaker-than-expected outlook for Q2 and fiscal year 2024, despite beating Q1 bookings and adjusted EPS estimates. The company reported a 19% year-on-year increase in bookings to $923.80 million and an adjusted EPS loss of $(0.43), surpassing analyst expectations. However, its Q2 bookings forecast of $870 million to $900 million and fiscal 2024 bookings forecast of $4.00 billion to $4.10 billion fell short of analyst consensus. Roblox also announced partnerships with Integral Ad Science Holding Corp (NASDAQ:IAS) and PubMatic, Inc (NASDAQ:PUBM) to expand video ad access and sales.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 12:55 pm

WU

Western Union, in partnership with Orbit S.A., has resumed its money transfer service from the U.S. to Cuba, allowing customers to send money to family members with accounts at specific Cuban banks. This service is available through U.S. retail locations, WesternUnion.com, and the Western mobile app, highlighting the company's commitment to maintaining vital financial connections between the U.S. and Cuba.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:50 pm