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Revenues

MITK

Mitek Systems, Inc. (MITK) has reiterated its fiscal 2024 guidance, expecting full-year revenue between $180.0 million and $185.0 million, indicating a 6% growth rate at the midpoint. This forecast includes adjustments for a large multi-year mobile deposit reorder contract signed in fiscal 2023, which contributed an additional $7.0 million in license revenue. Adjusting for this, the growth rate for fiscal 2024 would be approximately 12% at the revised midpoint. Mitek also anticipates a non-GAAP operating margin of 30.0% to 31.0% for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:08 pm

ZI

ZoomInfo Technologies (NASDAQ:ZI) has been analyzed by 16 analysts over the last three months, showing a mix of bullish to bearish sentiments. The recent evaluations indicate a shift towards a more cautious stance, with an increase in 'Indifferent' ratings in the last 30 days. The 12-month price targets suggest an average target of $21.47, reflecting a 4.02% increase from the previous target. Analyst actions include a range of 'Maintain', 'Raise', and 'Lower' recommendations, with price targets varying from $13.00 to $28.00. ZoomInfo's financial health shows positive revenue growth but below-average profitability and high debt levels.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:02 pm

PRA

ProAssurance (NYSE:PRA) has been the subject of 5 analyst ratings in the last three months, showing a mix of bullish and indifferent sentiments. The average 12-month price target among analysts is $19.4, with a high of $24.00 and a low of $14.00, marking a slight decrease from the previous average of $19.75. Analyst actions include maintaining and lowering ratings, with price targets adjusted accordingly. ProAssurance's financial health indicators reveal challenges in revenue growth and asset utilization, but strong net margin performance. The company's market capitalization is below industry averages, indicating a smaller scale relative to peers.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:01 pm

HPE

Recent evaluations of Hewlett Packard (NYSE:HPE) by 5 financial analysts show a mix of opinions, with a shift towards a more cautious stance over the last three months. The average 12-month price target for HPE has been adjusted to $17.2, down from $18.20, reflecting a 5.49% decline. Analysts from firms including Morgan Stanley, Stifel, Wells Fargo, Evercore ISI Group, and Barclays have updated their ratings and price targets, indicating a nuanced view of HPE's market position amidst challenges in revenue growth and financial performance.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:00 pm

WAB

Recent analyst ratings for Westinghouse Air Brake (NYSE:WAB) show a predominantly positive outlook, with 6 analysts offering insights ranging from bullish to indifferent. The average 12-month price target for WAB has been raised to $152.83, indicating a 5.11% increase from the previous target. The company has shown solid revenue growth of 9.54% and a net margin of 8.51%, though its ROE at 2.07% is below industry standards. Its ROA at 1.14% and a low debt-to-equity ratio of 0.39 highlight strong financial health and efficient asset utilization.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:00 pm

LMND

Four analysts have recently updated their ratings and price targets for Lemonade (NYSE:LMND), showing a mix of opinions. The average 12-month price target is now $22.25, up from $14.50, indicating a 53.45% increase. Analysts' ratings range from 'Market Perform' to 'Underweight', with price targets varying from $14.00 to $40.00. Lemonade's financial performance shows a revenue growth of 30.66% over the past three months, but struggles with a net margin of -36.71% and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:01 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) received mixed analyst ratings with 2 bullish, 1 somewhat bullish, and 1 indifferent over the past three months. The average 12-month price target is $1788.5, reflecting a 10.27% increase from the previous target of $1622. Analysts from DA Davidson, Goldman Sachs, UBS, and Wedbush have adjusted their ratings and price targets, indicating a positive outlook on FCNCA's performance. The company has shown significant revenue growth, a high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:01 pm

WFRD

Weatherford International (NASDAQ:WFRD) has been analyzed by 4 analysts, showing a mix of bullish and somewhat bullish ratings with an updated average 12-month price target of $151.25, indicating a 20.68% increase from the previous target. The company's financials reveal strong performance with a revenue growth rate of 12.66%, a net margin of 10.28%, and an ROE of 16.81%, despite a high debt-to-equity ratio of 2.23.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:01 pm

JRVR

James River Gr Hldgs (NASDAQ:JRVR) has received mixed analyst ratings with a notable decrease in the average price target by 37.5%, setting it at $12.5. Analysts from JMP Securities, Keefe, Bruyette & Woods, UBS, and Truist Securities have adjusted their ratings and price targets, reflecting a varied outlook on the company's performance. Despite a significant revenue growth of 58.93%, JRVR faces challenges with a net margin of -130.74%, ROE of -27.85%, and ROA of -2.91%, indicating potential profitability and efficiency issues.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:00 pm

AR

Analyst ratings for Antero Resources (NYSE:AR) show a mix of bullish and bearish perspectives with a total of 12 analysts providing ratings. The recent ratings indicate a shift towards a more cautious stance with only 1 indifferent rating in the last 30 days compared to more varied opinions in previous months. The 12-month price targets suggest an optimistic view with an average target of $29.67, marking an increase from the previous average of $27.00. Antero Resources, engaged in natural gas and liquids production, faces financial challenges with a significant revenue decline of -38.57% and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:00 pm