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RVPH

Reviva Pharmaceuticals Holdings, Inc. has announced a registered direct offering priced at-the-market under Nasdaq rules, aiming to raise $30 million. This capital raise is significant for the company's financial strategy and future operations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:01 pm

BABA

Alibaba Group Holding Limited (NYSE: BABA) reported Q2 FY23 revenue of $30.81 billion, surpassing estimates of $30.77 billion, with adjusted earnings per ADS at $2.14, beating the consensus of $2.11. Revenue growth was seen across multiple segments, with Alibaba International Digital Commerce Group showing a 53% increase. However, Alibaba's Cloud Intelligence Group faces uncertainties due to new U.S. semiconductor embargoes. Alibaba has paused the Freshippo IPO and is preparing for external fundraising for its International Digital Commerce Group. Cainiao is applying for an IPO in Hong Kong. Jack Ma's family trust plans to sell 10 million ADSs worth approximately $871 million. Alibaba announced a FY23 dividend of $1.00/ADS. BABA shares dropped 7.94% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 12:58 pm

PETS

Morgan Stanley analyst Erin Wright has maintained an Underweight rating on PetMed Express (NASDAQ:PETS) and reduced the price target from $7 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:55 pm

ITT

B of A Securities analyst Andrew Obin has upgraded ITT Inc. (NYSE:ITT) from Neutral to Buy and increased the price target from $105 to $125.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:53 pm

LICY

Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Li-Cycle Holdings (LICY) and significantly lowered the price target from $4 to $0.51.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:52 pm

FSR

Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Fisker (NYSE:FSR) and reduced the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:49 pm

GFF

Raymond James analyst Sam Darkatsh has reaffirmed a Strong Buy rating on Griffon Corporation (NYSE:GFF) and increased the price target from $55 to $60.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:49 pm

SSYS

Stratasys has updated its FY23 adjusted EPS guidance to $0.10-$0.14, down from the previous range of $0.12-$0.24. This new guidance is below the consensus estimate of $0.17.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:44 pm

SSYS

Stratasys has updated its FY23 sales forecast, now expecting sales to be between $620M-$630M, which is lower than its previous guidance of $630M-$670M and below the consensus estimate of $640.89M.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:43 pm

SSYS

Stratasys (NASDAQ:SSYS) reported Q3 adjusted EPS of $0.04, surpassing the $0.03 estimate, and sales of $162.13M, slightly beating the $161.25M estimate. However, these figures represent a 20% decrease in EPS and a 0.04% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:39 pm