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PSFE

Paysafe Limited (NYSE:PSFE) reported Q4 earnings with adjusted EPS of 66 cents, surpassing the 16 cents estimate, and revenue of $414.54 million, slightly above the $413.575 million forecast. Sales grew 8% YoY, with notable increases in the Merchant Solutions and Digital Wallets segments. Adjusted EBITDA rose 13% to $121.7 million, and adjusted net income increased 23% to $40.9 million. However, despite these positive results, PSFE shares dropped 15.5% to $12.02. The company forecasts FY24 revenue of $1.688 billion-$1.712 billion and adjusted EBITDA of $473 million-$488 million.

Portfolio Pulse from Nabaparna Bhattacharya

March 07, 2024 | 4:53 pm

GBTC

IBIT

Bitcoin Cash (BCH) is up 6.1% amid a broader crypto market rally, driven by Bitcoin's new all-time high and institutional interest. Bitcoin spot ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), saw significant inflows, with IBIT leading at $281 million despite outflows from Grayscale Bitcoin Trust (GBTC).

Portfolio Pulse from Henry Khederian

March 07, 2024 | 4:52 pm

DXPE

DXP Enterprises' shares surged following the announcement of their Q4 adjusted EPS results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:51 pm

GENK

Craig-Hallum analyst Jeremy Hamblin maintains a Buy rating on GEN Restaurant Gr (NASDAQ:GENK) but lowers the price target from $13 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:50 pm

NXPI

Significant activity in NXP Semiconductors (NASDAQ:NXPI) options has been observed, indicating a bullish stance by smart money, with a mix of 51% bullish and 48% bearish sentiment among 35 unusual options trades. The trades include 3 puts and 32 calls, with a price target range of $230 to $370. The trading volume and RSI indicators suggest NXPI may be overbought, with an earnings announcement expected in 53 days. Analysts have set an average price target of $254, with varying ratings from Neutral to Buy.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:46 pm

RIOT

Recent options activity on Riot Platforms (NASDAQ:RIOT) shows a bullish trend among investors, with 53% of trades being bullish and 46% bearish. Significant trades have targeted a price range of $10.0 to $35.0. The company, a Bitcoin mining entity, has seen its stock price slightly decrease by -0.66% to $12.04. Analysts have issued a consensus target price of $19.4 for RIOT, with varying ratings but generally positive outlooks.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:45 pm

META

SNAP

Shares of US social media companies are trading higher in anticipation of a U.S. House Committee on Energy and Commerce vote on legislation that could compel ByteDance to sell TikTok. This development is seen as potentially beneficial for US-based social media companies.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:45 pm

AEYE

Craig-Hallum analyst George Sutton has maintained a Buy rating on AudioEye (NASDAQ:AEYE) and increased the price target from $8 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:44 pm

ETWO

E2open Parent Holdings' shares surged following the announcement of a strategic review initiation. The company also reaffirmed its FY24 revenue guidance, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:42 pm

DOGEUSD

FETUSD

SHIBUSD

The cryptocurrency market is witnessing a shift towards AI tokens like Fetch.AI, with a 13% increase in the AI-linked tokens category, while meme coins such as Dogecoin and Shiba Inu are experiencing declines. This trend is attributed to the anticipation of AI's role in the global economy and an upcoming Nvidia conference featuring crypto AI projects. Meme coins, previously buoyed by Bitcoin's rally, are losing momentum and value, with Dogecoin's futures open interest also decreasing.

Portfolio Pulse from Murtuza Merchant

March 07, 2024 | 4:39 pm