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Stock Prices

FWRD

Shares of Forward Air Corporation (FWRD) were halted on a circuit breaker due to a significant drop in price. The stock is currently down by 9.86%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:27 pm

DASH

Susquehanna analyst Shyam Patil maintains a positive outlook on DoorDash (NYSE:DASH), raising the price target from $85 to $110.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 1:26 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) reported Q2 financial results, beating estimates with $486 million in revenue and 3 cents EPS. However, the company's shares are trading lower. Total net revenues increased 53% YoY and 10% sequentially, while transaction-based revenues fell 7% QoQ. The company ended the quarter with $5.8 billion in cash and equivalents. Barclays and Citigroup analysts maintained their ratings but raised the price target for Robinhood.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 1:26 pm

FVRR

Fiverr International Ltd reported Q2 FY23 sales growth of 5.1% YoY to $89.4 million, slightly above the consensus of $89.2 million. Non-GAAP gross margin expanded by 150 bps to 84.2%, and the adjusted EBITDA margin expanded by 1,170 bps to 17.1%. The company raised its FY23 revenue and adjusted EBITDA outlook. FVRR shares are trading higher by 5.43% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:26 pm

DXC

FARO

In Thursday's pre-market session, several IT stocks showed significant movement. Faro Technologies, Datasea, Zeta Global Holdings, Rackspace Tech, Oblong, and Fastly saw increases in their share prices, with Faro Technologies leading with a 15.3% increase. On the other hand, DXC Technology, Neonode, WaveDancer, Inpixon, DatChat, and Nano Labs experienced decreases, with DXC Technology seeing the largest drop of 24.1%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm

W

Wayfair Inc (NYSE:W) reported a Q2 FY23 sales decline of 3.4% YoY to $3.17 billion, beating the consensus of $3.10 billion. International net revenue fell 20.9% to $386 million, while U.S. revenue declined 0.4% to $2.8 billion. The number of active customers decreased by 7.6% YoY. Adjusted EPS of $0.21 beat the analyst consensus of $(0.67). The company held over $1.3 billion in cash and equivalents. Wayfair's shares are trading higher by 8.84% at $79.33 premarket.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 1:25 pm

ALIT

Alight (NYSE:ALIT) has received mostly bullish ratings from analysts in the last quarter, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target for Alight is $12.5, a decrease of 16.67% from the previous average price target of $15.00.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm

ARAV

BJDX

SDGR

TTOO

In Thursday's pre-market session, several healthcare stocks saw significant movement. Bluejay Diagnostics, T2 Biosystems, Biomerica, Adamis Pharmaceuticals, Assure Hldgs, and TC BioPharm saw gains, while Aravive, Vicarious Surgical, Bio-Path Hldgs, Schrodinger, Outset Medical, and Staar Surgical experienced losses. The Q2 earnings reports for Schrodinger, Outset Medical, and Staar Surgical were released yesterday.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:25 pm

AMSC

RUN

UPWK

WCC

In Thursday's pre-market session, several industrial stocks showed significant movement. Upwork, Sunrun, Orion Energy Sys, Hudson Technologies, Nauticus Robotics, and Flux Power Holdings saw gains, while American Superconductor, WESCO Intl, Energy Recovery, Timken, Pitney Bowes, and Gaucho Group Holdings experienced losses. Q2 earnings reports were a common factor in these movements.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:24 pm

AWR

American States Water Company (NYSE:AWR) has announced an increase in its third quarter cash dividend from $0.3975 per share to $0.4300 per share. The annualized dividend rate after this increase is $1.72 per share, representing an 8.2% increase from the current annualized dividend rate of $1.59 per share. This marks the 349th consecutive dividend payment by the company, which has paid dividends every year since 1931.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:24 pm