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PODD

Four analysts have recently updated their ratings on Insulet (NASDAQ:PODD), showing a mix of bullish and indifferent stances, with three somewhat bullish and one indifferent rating in the last 30 days. The average 12-month price target for Insulet is now $217.00, with a high estimate of $230.00 and a low estimate of $200.00, marking a slight decrease of 0.46% in the average price target. Insulet's financial performance includes a revenue growth rate of 37.9%, a net margin of 20.26%, an ROE of 15.42%, and an ROA of 4.09%, indicating strong profitability and financial health despite a high debt-to-equity ratio of 1.93.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 1:00 pm

SPY

The USA Redbook year-over-year data shows a 6.0% increase compared to the 5.5% increase reported in the prior period, indicating a rise in consumer spending.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:59 pm

DIS

Disney has indicated in a recent conference call that the growth of its parks is 'moderating' from the peak levels experienced post-Covid. This suggests a normalization of growth rates after the surge seen as the world recovered from the pandemic.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:58 pm

AAWH

Ascend Wellness Holdings, Inc. (OTCQX:AAWH) reported a 24.7% year-over-year revenue increase to $142.4 million for Q1 2024, with a net loss of $18.2 million. The company achieved its fifth consecutive quarter of positive cash flow, with $3.9 million generated from operations. Adjusted EBITDA rose by 39% to $32.5 million. Ascend Wellness also expanded its operations, opening two new dispensaries and entering into two long-term supply agreements in Maryland.

Portfolio Pulse from Nina Zdinjak

May 07, 2024 | 12:53 pm

AENT

Alliance Entertainment Holding Corporation (NASDAQ:AENT) reported a sales increase of over 30% for its Independent Retail Division during the 2024 Record Store Day event compared to the previous year. The event, which celebrates independent record stores, saw Alliance distributing over 600,000 units across 400 unique titles. The success is attributed to the growth of vinyl records, with sales surpassing 43 million units in 2023. Challenges included managing releases from Taylor Swift and Pearl Jam, but the effort led to Alliance's largest sales month ever. AMPED Distribution, a division of Alliance, contributed by releasing 68 unique titles for the event.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:50 pm

NTDOY

Nintendo Co., Ltd. (OTC:NTDOY) announced the launch of a next-gen gaming console to succeed the Switch within the fiscal year ending March 2025. Despite strong sales of the Switch, driven by titles like 'The Legend of Zelda: Tears of the Kingdom,' the company is preparing for a transition with the new console, which aims to address criticisms such as battery life. Nintendo plans to hold back major titles for the new device and has issued a takedown request for over 8,500 copies of the Yuzu emulator code.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 12:48 pm

UMC

United Microelectronics Corporation (NYSE:UMC) reported a 6.9% year-over-year increase in April sales, reaching NT$19.741 billion. From January to April, revenues rose by 2.34% to NT$74.373 billion. The company also noted an 8.7% increase in April revenues compared to March. UMC's first-quarter CAPEX spending was $924 million, with a 2024 budget set at $3.3 billion. Co-president Jason Wang anticipates higher wafer shipments in Q2 due to improving inventory levels in various segments, despite near-term macro uncertainties and cost challenges. UMC's stock has seen a slight decline of over 0.8% in the past year, closing at $8.12 on Monday, down by 0.37%.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 12:47 pm

GROM

Grom Social Enterprises Inc. (NASDAQ:GROM), a media, technology, and entertainment company, announced that its subsidiary, Top Draw Animation (TDA), has secured over $2.9M in new animation production assignments, including the largest single order in its 25-year history. These projects, supported by tax incentives from the Philippines, underscore TDA's role as a leading provider of premium animation services globally. Acquired by Grom in 2016, TDA offers high-capacity Harmony and Flash production pipelines and benefits from up to a 25% cash rebate for approved work in the Philippines.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:46 pm

OSIS

OSI Systems, Inc. (OSIS) announced a $6 million order from an advanced engineered solutions OEM for its Optoelectronics and Manufacturing division to provide electronic assemblies. CEO Deepak Chopra expressed commitment to supporting the OEM and anticipation for continued collaboration.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:45 pm

ICCM

IceCure Medical (ICCM) is anticipated to receive a total of $13.2M from Terumo during the initial term, including $4M already received, $8.2M upon order completion, and $1M for milestone-based payments.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:45 pm