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SGN

Signing Day Sports has reported a significant increase in the number of paid subscribers on its app, achieving more than a five-fold growth in 2023. Additionally, the company experienced a 20% monthly growth in subscribers in January 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:45 pm

CZWI

Citizens Community Bancorp has announced an increase in its annual dividend from $0.29 to $0.32 per share, marking a 10% increase. Additionally, the company reported a 5% increase in common equity and a growth of $46 million in deposits.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:38 pm

OPTT

Ocean Power Technologies (OPTT) has received a $1.2 million award from the New Jersey Economic Development Authority's Net Operating Loss Program. This program allows businesses to sell their net operating losses and unused research and development tax credits to unrelated profitable corporations.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:30 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) stock surged after reporting Q4 2023 earnings that exceeded expectations. Adjusted revenue was up 34% Y/Y to $594.25 million, surpassing the consensus of $571.70 million. Adjusted EPS was $0.02, beating the expected $0.00. The company saw a significant increase in members and products, with a 44% Y/Y growth in members and a 41% Y/Y increase in products. Adjusted EBITDA jumped 159% Y/Y to $181 million. SoFi provided a positive outlook for Q1 and full-year 2024, with expected growth in various segments and an adjusted EBITDA margin of approximately 30% by year-end. The company also anticipates a 20%-25% CAGR from 2023 through 2026.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 1:17 pm

SNY

Synthekine has entered into a collaboration with Sanofi to develop selective IL-10 agonists for the treatment of inflammatory diseases. Synthekine will receive an upfront payment of $40 million and is eligible for additional milestone payments and tiered royalties on net sales.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:09 pm

VEEE

Twin Vee PowerCats, Inc. is implementing organizational realignment initiatives aimed at reducing overhead costs and rightsizing operations in anticipation of the 2025 model year. These changes are expected to improve the company's financial performance by aligning its operations more closely with market demand.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:06 pm

HOOK

HOOKIPA Pharma is refocusing its business priorities to advance the clinical development of HB-200 for HPV16+ head and neck cancers and to continue its infectious disease programs in partnership with Gilead. The company will regain global development rights to the HB-700 program for KRAS-mutated cancers from Roche but remains eligible for a milestone payment upon IND submission. To reduce costs, HOOKIPA will reduce its workforce by approximately 30%. Despite these changes, HOOKIPA reports a strong cash position of $117.5 million as of the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:05 pm

H

Hyatt Hotels (NYSE:H) received mixed analyst ratings in the latest quarter, with 5 analysts offering views that ranged from indifferent to somewhat bullish. The average 12-month price target for Hyatt Hotels has increased by 9.44% to $131.6, with a high estimate of $138.00 and a low of $127.00. Analysts from Barclays, Redburn Atlantic, Jefferies, Wells Fargo, and Morgan Stanley have adjusted their ratings and price targets, reflecting their latest outlook on the company. Hyatt operates a mix of owned and managed properties across various brands, with a regional exposure of 55% in the Americas, 19% in Asia-Pacific, and 26% in the rest of the world. The company's financial performance shows a revenue growth rate of 5.26% as of September 30, 2023, but it trails behind industry peers and has below-average net margin, ROE, and ROA, although it has a healthier debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:01 pm

BLDR

Builders FirstSource (NYSE:BLDR) has been rated by 10 analysts in the last three months, with an average 12-month price target of $170.7, up from $165.71. Ratings range from 'Outperform' to 'Neutral', with price targets varying from $143.00 to $220.00. The company's financial performance shows a negative revenue trend with a -21.3% growth, a net margin of 9.96%, ROE of 10.12%, and an impressive ROA of 4.21%. Its debt-to-equity ratio is 0.85, below industry average.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:01 pm

DLTR

Dollar Tree (NASDAQ:DLTR) received mixed analyst ratings with an average 12-month price target of $143.00, up from $134.33. Analysts from firms like JP Morgan, Truist Securities, Morgan Stanley, Telsey Advisory Group, and Wells Fargo have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Dollar Tree's financial health shows a revenue growth of 5.4%, a net margin of 2.9%, and a below-average ROE and ROA. The company operates over 8,200 Dollar Tree and 8,350 Family Dollar stores, with a focus on consumables and variety items.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:00 pm