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PINC

Canaccord Genuity analyst Richard Close downgraded Premier (NASDAQ:PINC) from Buy to Hold and reduced the price target from $27 to $21.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:00 pm

TWKS

Thoughtworks Holding (NASDAQ:TWKS) has been evaluated by 5 financial analysts over the last three months, showing a shift towards a more cautious stance with 1 somewhat bullish and 4 indifferent ratings recently. The average 12-month price target for TWKS has been adjusted to $3.93, down from $4.75, indicating a 17.26% decrease. Analysts from firms like Baird, Citigroup, RBC Capital, and Piper Sandler have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Thoughtworks faces revenue challenges with a -18.78% growth over 3 months and has a below-industry average market capitalization, yet it maintains strong profitability metrics such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:00 pm

GBTC

Bitcoin spot ETFs experienced a net outflow of $15.6439 million on May 7, with the Grayscale Bitcoin Trust (GBTC) seeing a significant outflow of $28.613 million. Despite these outflows, the total NAV of Bitcoin spot ETFs remains high at $52.210 billion. The wider digital asset market also saw net outflows, totaling $251 million for the fourth consecutive week. This trend is particularly concerning for newly issued U.S. ETFs, which saw their first significant outflows since inception. Outflows were mainly concentrated in the U.S., but Canada, Switzerland, and Germany also experienced outflows. In contrast, Hong Kong's digital asset market saw significant inflows, especially in newly launched Bitcoin and Ethereum ETFs.

Portfolio Pulse from Murtuza Merchant

May 08, 2024 | 12:00 pm

FRSH

11 analysts have recently shared mixed evaluations of Freshworks (NASDAQ:FRSH), with a range of bullish to bearish perspectives. The average 12-month price target for FRSH is now $21.82, down from $25.38, indicating a 14.03% decrease. Analysts from firms like Needham, Canaccord Genuity, and Barclays have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Freshworks's financial indicators show a revenue growth rate of 20.23% but lag behind industry peers in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:00 pm

VCEL

Vericel (NASDAQ:VCEL) reported Q1 earnings with losses of $(0.08) per share, surpassing the $(0.11) estimate, and sales of $51.28M, exceeding the $49.07M estimate. This represents a 50% decrease in losses and a 25.02% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:56 am

ALIT

Alight's stock price has decreased following the release of their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:55 am

INTA

Intapp shares surged following the announcement of its Q3 financial results, which exceeded expectations. Additionally, the company provided an optimistic FY24 guidance and Q4 adjusted EPS forecast, both surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:55 am

MTCH

Match Group shares declined following the announcement of Q1 financial results and Q2 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:51 am

GMED

Globus Medical's stock price increased following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company has raised its guidance for the full fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:50 am

TRIP

TripAdvisor shares are trading lower following the announcement that Liberty TripAdvisor and the Special Committee have halted discussions with third parties regarding a potential transaction.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:50 am