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AGRI

AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) shares dropped 26.9% to $0.10 after filing a prospectus for the sale of up to 432.5 million shares by selling stockholders. The company will not sell any shares itself nor receive proceeds from the sale, but will incur registration expenses. The stock has significantly underperformed, losing 99.65% year to date, with a 52-week range of $0.098 to $31.00.

Portfolio Pulse from Henry Khederian

May 07, 2024 | 5:07 pm

MCHP

B. Riley Securities analyst Craig Ellis maintains a Buy rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $105 to $110.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 5:05 pm

USO

Deputy Prime Minister of Russia, Novak, announced that OPEC+ is not discussing an output hike, according to Reuters. This statement could influence global oil supply perceptions and potentially impact oil prices and related assets.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 5:05 pm

ROOT

Root Inc (NASDAQ:ROOT) was analyzed by 11 analysts, showing a mix of bullish to bearish sentiments. Recent ratings have shifted, with an average 12-month price target of $45.09, marking a 92.69% increase from the previous $23.40. Analysts from firms like Keefe, Bruyette & Woods, Wells Fargo, and JMP Securities have adjusted their ratings and price targets, reflecting optimism in Root's performance. Root's financials indicate a market cap below industry average, a significant revenue growth of 263.62%, but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:01 pm

SNAP

Deep-pocketed investors have shown a bearish sentiment towards Snap Inc. (NYSE:SNAP), as revealed by Benzinga's tracking of public options records. The data indicates a significant level of activity, with 17 extraordinary options activities noted. The sentiment among these investors is divided, with 35% bullish and 64% bearish, focusing on a price window from $10.0 to $22.0 for Snap. The company, known for its social networking app Snapchat, has over 400 million daily active users and generates most of its revenue from advertising. Currently, Snap's stock is trading down by -0.24% at $16.8, with an anticipated earnings release in 77 days. Analyst ratings in the last month have set an average target price of $13.6 for Snap.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:01 pm

VST

Financial giants have shown a bearish sentiment towards Vistra (NYSE:VST) through options trading, with 63% of trades being bearish. The trading activity suggests a price target range of $27.0 to $100.0. Vistra, a major power producer and retail energy provider, recently acquired Energy Harbor and is currently trading at $83.29, slightly up by 0.06%. Analysts have set an average price target of $82.0 for VST, with a recent downgrade to Buy by Janney Montgomery Scott.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:00 pm

AMZN

AVB

GOOGL

GRMN

The CNBC Halftime Report featured final trade recommendations, highlighting Amazon.com, Garmin, AvalonBay Communities, and Alphabet Inc. - Class A. These picks are seen as significant for investors looking for potential opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 5:00 pm

EYPT

EyePoint Pharmaceuticals (NASDAQ:EYPT) has received varied analyst ratings over the past quarter, with a recent shift towards more bullish perspectives. In the last 30 days, 2 bullish ratings were added, contrasting with the previous months' single bullish stance. Analysts have adjusted their 12-month price targets, resulting in an average target of $32.5, down from $35.25. The company's financial performance shows significant revenue growth but challenges in net margin, ROE, and ROA, alongside a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:00 pm

HIMS

Hims & Hers Health Inc (NYSE:HIMS) reported strong Q1 earnings, surpassing expectations with a 46% year-on-year revenue growth to $278.2 million and an adjusted EBITDA beat. Analysts from Piper Sandler and Truist Securities have responded positively, adjusting their price targets and ratings to reflect the company's performance and future guidance. The company's success was attributed to subscriber growth, personalized solutions, and operational efficiencies.

Portfolio Pulse from Priya Nigam

May 07, 2024 | 4:57 pm

BLDR

Builders FirstSource, Inc. (NYSE:BLDR) shares fell over 17% following its Q1 earnings report. Despite beating analyst expectations with adjusted EPS of $2.65 and quarterly sales of $3.891 billion, the company saw a decrease in gross profit by 5.2% and a 14.4% decline in adjusted EBITDA. The drop in gross profit margin and adjusted EBITDA margin was attributed to a shift in product mix towards lower-margin products and margin normalization. Operating cash flow also decreased significantly. The company reiterated its 2024 net sales outlook.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 4:52 pm