Streetbeat News

Revenues

DM

Desktop Metal Inc (NYSE:DM) reported a Q4 fiscal 2023 revenue of $52.30 million, surpassing expectations and showing a 13.7% decline YoY. The company's net loss decreased, and adjusted gross margin improved. Despite not meeting the A-EBITDA target, the CEO remains optimistic about reaching profitability. Desktop Metal forecasts 2024 revenue between $175 million and $215 million, with an adjusted EBITDA loss of $30 million to $10 million. Shares surged 19.6% to $0.7369.

Portfolio Pulse from Akanksha Bakshi

March 15, 2024 | 2:29 pm

GNS

Genius Group Limited (AMEX:GNS) announced the completion of its merger with FatBrain AI, an all-stock transaction. This merger is expected to increase Genius Group's 2023 pro forma revenue guidance by approximately 150% to an estimated $76 million to $80 million, and its pro forma net profit guidance by $4 million to $7 million to $9 million. Following the news, Genius Group shares are trading down 3% at 38 cents.

Portfolio Pulse from Erica Kollmann

March 15, 2024 | 2:29 pm

Z

ZG

The National Association of Realtors has agreed to a settlement involving a $418M payment in damages and amendments to several rules, which are expected to lower housing costs. This settlement comes as a resolution to lawsuits accusing the association of artificially inflating housing costs through high commission rates.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:13 pm

FIVE

Six analysts have recently shared their views on Five Below (NASDAQ:FIVE), with a majority being somewhat bullish. The average 12-month price target for FIVE is now $227.17, up from $224.20. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to market conditions and company performance. Five Below, a value-oriented retailer, has shown strong financial performance with a revenue growth rate of 14.17% and exceeds industry averages in market capitalization, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:01 pm

PHR

Recent analyst ratings for Phreesia (NYSE:PHR) show a mix of bullish to indifferent sentiments, with an average 12-month price target of $31.67, down from $34.00. The company's financial performance includes a 25.33% revenue growth rate and a net margin of -34.86%. Phreesia's market position is strengthened by its comprehensive software solutions for healthcare organizations, despite a market capitalization and ROA below industry averages.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:01 pm

CYRX

Analyst ratings for CryoPort (NASDAQ:CYRX) show a mix of opinions, with recent actions including ratings adjustments and changes in price targets. The average 12-month price target is now $17.75, up from $17.17. CryoPort faces challenges such as a decline in revenue, below-average net margin, and high debt-to-equity ratio, impacting its financial health. The company operates globally, providing temperature-controlled supply chain solutions to the life sciences industry.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:00 pm

VIR

Vir Biotechnology (NASDAQ:VIR) has been analyzed by 5 analysts, showing a mix of bullish and indifferent sentiments. The average 12-month price target is $64.8, up 22.26% from the previous $53.00, with a high estimate of $110.00 and a low of $9.00. Recent analyst actions include maintaining, raising, and lowering ratings and price targets. The company faces revenue challenges with a -55.93% decline over 3 months but has strong net margin and ROE figures, indicating effective cost management and use of equity.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:00 pm

APA

APA (NASDAQ:APA) has been the subject of diverse analyst ratings over the last three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for APA has decreased by 10.21% to $43.7. Analysts from firms like Mizuho, Piper Sandler, and Truist Securities have adjusted their ratings and price targets, reflecting changes in market conditions and APA's performance. Despite facing challenges in revenue growth and debt management, APA maintains strong profitability indicators such as an exceptional net margin of 81.82%, an impressive ROE of 94.99%, and an ROA of 12.32%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:00 pm

SPY

The Michigan Consumer Sentiment Index for March registered at 76.5, slightly below the estimated 77.1 and the previous month's 76.9, indicating a minor decline in consumer confidence.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:00 pm

CNEY

CN Energy Group, Inc. (CNEY) announced its subsidiary, Zhejiang CN Energy New Materials Co., Ltd., received a re-order for high-quality wood-based activated carbon from an existing water purification customer. The company emphasizes its product's safety, efficiency, and environmental benefits, aiming to expand its market both domestically and internationally. CEO Steven Berman highlighted efforts to meet stringent quality standards in the water purification sector and the company's focus on establishing a reliable supply chain and inventory for rapid order fulfillment.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:35 pm