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ENVA

JMP Securities analyst David Scharf has reaffirmed a Market Outperform rating on Enova International (NYSE:ENVA) and increased the price target from $62 to $73.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:26 pm

NAVI

Navient Corporation (NASDAQ:NAVI) reported Q4 FY23 adjusted revenues of $193 million, missing consensus estimates of $201.17 million, and adjusted earnings of $0.21 per share, below the expected $0.75. The company's net interest income fell due to rising interest rates and loan portfolio paydowns. Navient announced plans to outsource student loan servicing, explore strategic options for its business processing division, and streamline its infrastructure. Shares fell by 1.06% to $17.76.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 6:26 pm

CYBR

JMP Securities analyst Trevor Walsh has reaffirmed CyberArk Software's (NASDAQ:CYBR) Market Outperform rating and increased the price target from $195 to $280, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:24 pm

ARE

JMP Securities analyst Aaron Hecht has reiterated a 'Market Outperform' rating on Alexandria Real Estate (NYSE:ARE) and maintained a price target of $140.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:22 pm

MINM

David E. Lazar disclosed a 51% active stake in Minim, Inc. (NASDAQ:MINM) after acquiring 2 million Series A Preferred Stock, convertible into 1.4 shares of common stock each, and warrants for an additional 2.8 million shares at $1.00 each. Lazar is looking to work with the board to explore strategic options to enhance shareholder value. Minim's stock has surged on the news with trading volume significantly exceeding the average.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 6:20 pm

ODFL

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported Q4 FY23 results with a marginal revenue increase of 0.3% Y/Y to $1.496 billion, slightly missing consensus estimates. The company saw a 3.0% rise in LTL revenue per hundredweight but a 2.0% decrease in LTL tons per day. Operating income fell 2.1% Y/Y, and EPS of $2.94 beat estimates. The board raised the quarterly dividend by 30% to $0.52 per share. Despite a weak economy, ODFL's investments in employees, service centers, equipment, and technology position it well for future demand increases. Shares rose 1.03% to $399.94.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 6:20 pm

CB

JMP Securities analyst Matthew Carletti has reaffirmed a Market Outperform rating on Chubb (NYSE:CB) and increased the price target from $250 to $280, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:19 pm

AMD

CNXA

MINM

NVVE

NYCB

POWL

Advanced Micro Devices, Inc. (AMD) shares fell 3.8% to $165.49 post Q4 earnings report, with non-GAAP EPS of $0.77 on $6.17 billion revenue. Other stocks showed significant movement: Connexa Sports Technologies Inc. (CNXA) regained Nasdaq compliance, surging 204%; Minim, Inc. (MINM) rose 76.4% after a stake disclosure; Powell Industries, Inc. (POWL) gained 49% on strong Q1 results and dividend raise. Notable losers included Nuvve Holding Corp. (NVVE) dropping 65.8% after a public offering announcement, and New York Community Bancorp, Inc. (NYCB) falling 34.5% on disappointing Q4 results and dividend cut.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 6:18 pm

NISTF

NUE

X

United States Steel Corp (NYSE:X) is set to report Q4 earnings with expectations of 26 cents EPS and $3.76 billion in revenues. The stock has risen 70% over the past year. U.S. Steel's proposed acquisition by Nippon Steel Corp (OTCPK: NISTF) for $14.1 billion is under scrutiny, with Biden's advisors suggesting increased support for labor and an investigation into the fairness of the $55 per share offer. Analysts hold a Neutral rating on U.S. Steel with a price target of $27.95, while JP Morgan has a Neutral rating with a $52 target. U.S. Steel trades at $48.30, and analysts are focused on the company's plans regarding the Nippon deal.

Portfolio Pulse from Surbhi Jain

January 31, 2024 | 6:16 pm

CYBR

Cantor Fitzgerald analyst Yi Fu Lee has reiterated an Overweight rating on CyberArk Software (NASDAQ:CYBR) and maintained a price target of $210.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:14 pm