PRVA stock hits 52-week high after guidance raise; Q2 beat (NASDAQ:PRVA)

Rolled newspaper with the headline Quarterly Results

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Privia Health (NASDAQ:PRVA), a provider of value-based care, reported better than expected financials for Q2 2022 and raised its full-year outlook sending its shares a 52-week in the morning hours Thursday.

Privia’s (PRVA) revenue for the quarter jumped ~49% YoY to $335.5M as practice collections improved ~67% YoY to $615.5M while value-based care attributed lives gained ~16% YoY ~856K.

As care margin improved ~36% YoY to $76.2M, the net loss for the quarter narrowed to $10.5M from $172.5M in the prior-year quarter when the company recorded $202.6M of non-cash or non-recurring expenses.

Revenue for the first half of the year ~48% YoY to $649.3M, driven by a ~66% YoY growth in practice collections that generated $~$1.2B.

Meanwhile, cash and equivalents fell ~9% from 2021-year end to $292.2M with full repayment of outstanding debt during the quarter.

To reflect the strong performance in the first half and ongoing business momentum, Privia (PRVA) has raised its full-year outlook setting the 2022 revenue estimate at the high end of the previous view.

The company projected ~$1.23B – $1.30 revenue for 2022, initially in line with the current consensus.

Source: https://seekingalpha.com/news/3871711-prva-stock-hits-52-week-high-after-guidance-raise-q2-beat

Dana Investment Advisors Inc. Has $3.72 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

American Financial Group logoDana Investment Advisors Inc. cut its holdings in American Financial Group, Inc. (NYSE:AFG) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,575 shares of the insurance provider’s stock after selling 130 shares during the quarter. Dana Investment Advisors Inc.’s holdings in American Financial Group were worth $3,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in American Financial Group by 3.6% in the second quarter. FMR LLC now owns 5,494,989 shares of the insurance provider’s stock valued at $685,335,000 after buying an additional 188,734 shares during the period. State Street Corp raised its position in shares of American Financial Group by 3.4% during the second quarter. State Street Corp now owns 2,785,458 shares of the insurance provider’s stock worth $347,402,000 after purchasing an additional 91,290 shares during the period. Lord Abbett & CO. LLC raised its position in shares of American Financial Group by 59.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,677,274 shares of the insurance provider’s stock worth $211,051,000 after purchasing an additional 626,806 shares during the period. Northern Trust Corp raised its position in shares of American Financial Group by 2.3% during the second quarter. Northern Trust Corp now owns 721,209 shares of the insurance provider’s stock worth $89,950,000 after purchasing an additional 16,341 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of American Financial Group by 24.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 617,876 shares of the insurance provider’s stock worth $77,747,000 after purchasing an additional 121,881 shares during the period. 64.62% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered American Financial Group from a “strong-buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a research report on Monday, October 11th.

NYSE AFG opened at $132.14 on Friday. The firm has a market capitalization of $11.21 billion, a P/E ratio of 4.89 and a beta of 0.97. The business has a fifty day simple moving average of $134.60 and a 200 day simple moving average of $134.77. American Financial Group, Inc. has a 12 month low of $95.24 and a 12 month high of $146.63. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.34.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 25th. Investors of record on Friday, January 14th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Thursday, January 13th. American Financial Group’s payout ratio is currently 8.29%.

In other American Financial Group news, insider John B. Berding sold 15,957 shares of the company’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $145.51, for a total value of $2,321,903.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.00% of the stock is owned by corporate insiders.

About American Financial Group

American Financial Group, Inc is an insurance holding company. It engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. The company was founded by Carl Henry Lindner Jr.

Further Reading

Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG).

Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

Source: https://etfdailynews.com/news/dana-investment-advisors-inc-has-3-72-million-holdings-in-american-financial-group-inc-nyseafg/

Dean Investment Associates LLC Cuts Stock Holdings in Methode Electronics, Inc. (NYSE:MEI)

Methode Electronics logoDean Investment Associates LLC decreased its position in shares of Methode Electronics, Inc. (NYSE:MEI) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,235 shares of the electronics maker’s stock after selling 7,434 shares during the quarter. Dean Investment Associates LLC’s holdings in Methode Electronics were worth $1,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MEI. Fort Washington Investment Advisors Inc. OH boosted its holdings in Methode Electronics by 1.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 267,958 shares of the electronics maker’s stock worth $11,268,000 after purchasing an additional 4,086 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Methode Electronics by 7.3% in the third quarter. Pacer Advisors Inc. now owns 68,747 shares of the electronics maker’s stock worth $2,891,000 after purchasing an additional 4,703 shares during the last quarter. Swiss National Bank boosted its holdings in Methode Electronics by 2.8% in the third quarter. Swiss National Bank now owns 85,000 shares of the electronics maker’s stock worth $3,574,000 after purchasing an additional 2,300 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Methode Electronics by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,202,747 shares of the electronics maker’s stock worth $59,187,000 after purchasing an additional 18,776 shares during the last quarter. Finally, Profund Advisors LLC purchased a new stake in Methode Electronics in the second quarter worth approximately $237,000. Hedge funds and other institutional investors own 93.37% of the company’s stock.

MEI opened at $44.09 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Methode Electronics, Inc. has a 1-year low of $38.07 and a 1-year high of $50.19. The company has a market capitalization of $1.64 billion, a PE ratio of 14.13 and a beta of 1.22. The firm’s 50 day simple moving average is $46.00 and its two-hundred day simple moving average is $45.61.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, December 2nd. The electronics maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.03. The business had revenue of $295.50 million for the quarter. Methode Electronics had a net margin of 10.14% and a return on equity of 13.04%. During the same quarter in the previous year, the business posted $1.17 earnings per share. Equities analysts forecast that Methode Electronics, Inc. will post 3 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 28th. Stockholders of record on Friday, January 14th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, January 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.27%. Methode Electronics’s payout ratio is 17.95%.

Separately, Barrington Research began coverage on shares of Methode Electronics in a report on Thursday, January 20th. They issued a “market perform” rating on the stock.

In other Methode Electronics news, Director Lawrence B. Skatoff sold 800 shares of Methode Electronics stock in a transaction on Friday, December 17th. The shares were sold at an average price of $44.89, for a total value of $35,912.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joseph Elias Khoury sold 20,000 shares of Methode Electronics stock in a transaction on Monday, December 6th. The shares were sold at an average price of $45.45, for a total transaction of $909,000.00. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

Methode Electronics Profile

Methode Electronics, Inc engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers.

Recommended Stories

Want to see what other hedge funds are holding MEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Methode Electronics, Inc. (NYSE:MEI).

Institutional Ownership by Quarter for Methode Electronics (NYSE:MEI)

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, December 2nd. The electronics maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.03. The business had revenue of $295.50 million for the quarter. Methode Electronics had a net margin of 10.14% and a return on equity of 13.04%. During the same quarter in the previous year, the business posted $1.17 earnings per share. Equities analysts forecast that Methode Electronics, Inc. will post 3 earnings per share for the current fiscal year.

Source: https://etfdailynews.com/news/dean-investment-associates-llc-cuts-stock-holdings-in-methode-electronics-inc-nysemei/

First Republic Investment Management Inc. Grows Stock Position in iStar Inc. (NYSE:STAR)

iStar logoFirst Republic Investment Management Inc. grew its position in iStar Inc. (NYSE:STAR) by 165.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,538 shares of the real estate investment trust’s stock after acquiring an additional 17,172 shares during the quarter. First Republic Investment Management Inc.’s holdings in iStar were worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in iStar by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,432,886 shares of the real estate investment trust’s stock worth $237,004,000 after buying an additional 202,301 shares in the last quarter. State Street Corp lifted its position in iStar by 2.6% during the second quarter. State Street Corp now owns 2,598,648 shares of the real estate investment trust’s stock worth $53,870,000 after buying an additional 65,043 shares in the last quarter. Geode Capital Management LLC lifted its position in iStar by 1.0% during the second quarter. Geode Capital Management LLC now owns 1,448,600 shares of the real estate investment trust’s stock worth $30,029,000 after buying an additional 14,035 shares in the last quarter. Glendon Capital Management LP lifted its position in iStar by 136.7% during the second quarter. Glendon Capital Management LP now owns 1,424,400 shares of the real estate investment trust’s stock worth $29,528,000 after buying an additional 822,500 shares in the last quarter. Finally, Citigroup Inc. lifted its position in iStar by 9.8% during the third quarter. Citigroup Inc. now owns 1,252,339 shares of the real estate investment trust’s stock worth $31,409,000 after buying an additional 111,686 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

NYSE:STAR opened at $23.77 on Friday. iStar Inc. has a 52 week low of $15.90 and a 52 week high of $27.75. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $1.70 billion, a P/E ratio of 24.51 and a beta of 0.74. The stock’s fifty day moving average is $24.09 and its two-hundred day moving average is $24.91.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were given a $0.125 dividend. The ex-dividend date was Tuesday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.10%. iStar’s dividend payout ratio is currently 51.55%.

A number of brokerages recently commented on STAR. Raymond James lifted their price objective on iStar from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 3rd. Zacks Investment Research downgraded iStar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 6th.

iStar Profile

iStar, Inc is a real estate investment trust company, which engages in financing, investing, and development of real estate and related projects. It operates through the following business segments: Real Estate Finance, Net Lease, Operating Properties, Land and Development, and Corporate and Other. The Real Estate Finance segment includes all of the activities of the company related to senior and mezzanine real estate loans and real estate related securities.

See Also

Institutional Ownership by Quarter for iStar (NYSE:STAR)

Source: https://etfdailynews.com/news/first-republic-investment-management-inc-grows-stock-position-in-istar-inc-nysestar/

Trading War News | Facebook is one of only four companies in the S&P 500 to make this remarkable achievement over the past 10 years — and its stock is already cheap

It may seem the world has turned against Facebook, but if you are worried about its financial performance, you should look more closely at the numbers.

The post-earnings price drop may well be overdone, setting up an extraordinary buying opportunity for long-term investors who think CEO Mark Zuckerberg is taking the company in the right direction.

Below is a comparison of financial performance for Meta Platforms Inc. FB — Facebook’s holding company — and three other companies in the S&P 500 SPX. It is a special group, and Meta’s stock is, by far, the cheapest of the bunch.

Shares of Meta Platforms were down 26% on Feb. 3 after the company reported a decline in fourth-quarter profit from a year earlier. Sales rose 20%.

Meta also disappointed investors by predicting its first-quarter sales would range from $27 billion to $29 billion, when analysts had been predicting $30.2 billion. The company’s advertising business is in transition, in part, because of changes in privacy settings for users of Apple Inc.’s AAPL iPhones.

Read: Facebook stands to shed more than $200 billion in market value after rough earnings report

We’re not even halfway through the first quarter, so let’s focus for a moment on what Meta reported for the fourth quarter. Sales came in at $33.67 billion and were up 19.9% from $28.07 billion in the fourth quarter of 2020. That’s impressive revenue growth. But how does it measure up?

It turns out that if we look back 10 years — 40 quarters — Meta’s (or Facebook’s) minimum year-over-year increase in quarterly sales has been 10.7%.

That is remarkably consistent performance. Among the S&P 500 SPX, only three other companies have achieved double-digit year-over-year sales growth every reported quarter over the past 10 years. Here they are, sorted by minimum sales growth for that period:

Company
Ticker
Minimum increase in quarterly sales
Maximum increase in quarterly sales
Mean increase in quarterly sales
Median increase in quarterly sales
Date of most recent financial report available
Salesforce.com, Inc.
CRM
19.9%
38.3%
28.5%
26.6%
10/31/2021
Amazon.com Inc.
AMZN
14.6%
43.9%
27.2%
23.8%
09/30/2021
Fortinet Inc.
FTNT
13.5%
37.0%
23.1%
21.9%
09/30/2021
Meta Platforms Inc. Class A
FB
10.7%
71.6%
42.4%
44.7%
12/31/2021
Source: FactSet

Meta is on the bottom of this tiny list with the lowest minimum sales increase, but it has had the highest mean and median year-over-year increases in quarterly sales among the S&P 500 over the past 40 reported quarters. The mean is what most people call the “average,” or the sum of the numbers divided by the number of periods. The median is the quarterly sales increase in the middle of the group of 40.

Before digging into profit margins, check out the forward price-to-earnings ratios for the four companies as of the close on Feb. 2 — before Meta’s shares took a dive:

Company
Ticker
Forward P/E
Closing price – Feb. 2
Consensus EPS estimate – next 12 months
Meta Platforms Inc. Class A
FB
24.1
$323.00
$13.43
Salesforce.com Inc.
CRM
47.3
$225.01
$4.76
Amazon.com Inc.
AMZN
58.5
$3,012.25
$51.50
Fortinet Inc.
FTNT
65.9
$309.88
$4.70
Source: FactSet

Meta has, by far, the lowest forward P/E. And it compares to a forward P/E of 20.4 for the S&P 500, which is expected to increase sales by only 7.7% this year, based on weighted aggregate estimates among analysts polled by FactSet.

Profit margins

Investors were obviously upset that Meta’s net income for the fourth quarter of 2021 was down 8% from a year earlier. (Earnings per share were down 5%.) But a look at three profit margins sheds a bit more light on what has been going on:

Net income margin

Meta’s net income margin (net income divided by sales) for the fourth quarter was 30.55%. That was down from 39.97% a year earlier. But it compared more favorably to 31.69% in the third quarter of 2021. The net income margin has been significantly lower before — during the first two quarters of 2020, which was understandable for the early stages of the coronavirus pandemic, but also during all four quarters of 2015. That said, earnings and net interest margins may be relatively low at Meta for a long period, as the company’s expenses have risen across the board.

Fourth-quarter expenses (excluding taxes) were up 38% from a year earlier. Meta CFO David Wehner said during the earnings call on Feb. 2 that higher expenses were “driven primarily by Reality Labs hardware costs, core infrastructure investments and payments to partners.” Reality Labs is Meta’s virtual reality unit, which includes Oculus VR equipment and is a critical component of CEO Mark Zuckerberg’s long-term “metaverse” strategy.

Read: Meta CFO cries ‘wolf’ again with bleak Facebook outlook — but he may be right this time

Taxes were up considerably, with an income-tax rate of 19%. Wehner said the income tax rate for all of 2022 was expected to be “similar” to the 17% in 2021, which was up from 12% in 2020. That’s painful. Then again, the fourth-quarter income-tax provision of $2.42 billion was 7.2% of sales, up from 6.5% a year earlier. The higher tax rate might turn out to be a relatively small item, when compared with Meta’s increased “metaverse” development spending.

This table shows the past five reported quarters’ net income margins. The columns are marked “Q” for the most recent quarter, then “Q-1” for the previous one and so on, because the most recent quarter-end for Meta was Dec. 31, while the most recent quarter ends were Sept. 30 for Amazon.com Inc. AMZN and Fortinet Inc. FTNT, and Oct. 31 for Salesforce.com Inc. CRM.

Company
Ticker
Net income margin – Q
Net income margin – Q-1
Net income margin – Q-2
Net income margin – Q-3
Net income margin – Q-4
Meta Platforms Inc. Class A
FB
30.55%
31.69%
35.75%
36.29%
39.97%
Fortinet Inc.
FTNT
18.81%
17.16%
15.09%
19.61%
18.95%
Salesforce.com inc.
CRM
6.82%
8.44%
7.87%
4.59%
19.95%
Amazon.com Inc.
AMZN
2.85%
6.88%
7.47%
5.75%
6.58%
Source: FactSet

One can argue that net income margin isn’t very important, in light of Amazon’s multi-decade success even though it reported net losses or relatively small profits consistently for years as it focused on expansion. But Meta has been consistent with the highest net margin among these four companies over the past year.

The Ratings Game: Can Meta ‘salvage any growth’ out of Facebook platform?

Operating margin

A company’s operating margin is, essentially, earnings before interest, taxes, depreciation and amortization (EBITDA) divided by sales. So it factors in the variable costs of production and sales, while leaving out capital expenditures and taxes.

Here’s a comparison of operating margins for the four companies over the past five quarters. The columns are marked “Q” for the most recent quarter, then “Q-1” for the previous one and so on, because the dates for the most recently available quarters don’t match, as explained before the net income margin table, above.

Company
Ticker
Operating margin – Q
Operating margin – Q-1
Operating margin – Q-2
Operating margin – Q-3
Operating margin – Q-4
Meta Platforms Inc. Class A
FB
43.36%
42.81%
49.36%
51.01%
52.14%
Fortinet Inc.
FTNT
21.70%
20.61%
19.41%
24.72%
21.89%
Salesforce.com Inc.
CRM
19.60%
21.85%
22.69%
23.24%
21.50%
Amazon.com Inc.
AMZN
12.44%
13.93%
15.12%
11.15%
13.29%
Source: FactSet

It is no surprise that Meta’s operating margin was down from a year earlier, but it was still much higher than those of the other three companies.

Gross margin

A company’s gross margin is its net revenue minus the cost of goods or services sold. It reflects a company’s pricing power and its direct production costs, including labor and materials. A company’s management team might decide to build market share by increasing discounts to customers or holding the line on price increases. This may be worthwhile depending on the competitive environment, but it cannot go on forever. It’s a good sign if the gross margin is expanding as sales increase.

Here’s a comparison of gross margins for the four companies over the past five quarters. The columns are marked “Q” for the most recent quarter, then “Q-1” for the previous one and so on, because the dates for the most recently available quarters don’t match, as explained before the net income margin table, above.

Company
Ticker
Gross margin – Q
Gross margin – Q-1
Gross margin – Q-2
Gross margin – Q-3
Gross margin – Q-4
Meta Platforms Inc. Class A
FB
81.15%
80.11%
81.43%
80.39%
81.44%
Fortinet Inc.
FTNT
75.09%
76.23%
77.47%
77.59%
78.50%
Salesforce.com Inc.
CRM
64.68%
67.16%
66.64%
67.61%
67.17%
Amazon.com Inc.
AMZN
43.21%
43.25%
42.50%
36.85%
40.60%
Source: FactSet

Once again, Meta shines, although the gap with the other companies narrows. Meta’s fourth-quarter gross margin narrowed moderately from a year earlier, but it leads the group by this profit measure.

Meta Platforms is going through what analysts call a “re-rating.” The company’s earnings estimates for 2022 and beyond will decline over the next several days. It’s price drop on Feb. 3, combined with the decline in earnings estimates, might not lead to a significant decline in the stock’s forward P/E, but all the above figures argue that Meta was already an inexpensive stock.

Don’t miss: These 7 semiconductor stocks may be close to a bottom. This chart pattern shows when and how much they might rebound.

Source: https://tradingwarnews.com/2022/02/05/facebook-is-one-of-only-four-companies-in-the-sp-500-to-make-this-remarkable-achievement-over-the-past-10-years-and-its-stock-is-already-cheap/

F Stock Alert: Why Ford Shares Are Falling Lower Today

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Ford Motor (NYSE:F) stock is slipping on Friday after losing traction thanks to its earnings report for the fourth quarter of 2021.

Ford (F Stock) logo on a steering wheel.

Source: Proxima Studio / Shutterstock.com

The bad news for F stock starts with the automotive company’s adjusted earnings per share of 26 cents. That’s worse than the 34 cents per share reported during the same time last year. It’s also a massive miss from the 44 cents per share that Wall Street was looking for.

At least Ford’s revenue of $37.7 billion didn’t do any further damage to the company’s stock today. It represents a 5% increase over the $36 billion reported during the fourth quarter of 2020. That also sees it beating out analysts’ estimate of $35.52 billion for the period.

Unfortunately, it’s back to the negatives with the company’s outlook for the first quarter of 2022. Ford warns that supplier shortages continue to be an issue. This has it expecting vehicle wholesales to drop in the single-digit high to double-digit low percentage during the current quarter.

Jim Farley, president and CEO of Ford, said the following in its most recent earnings report.

“Financial performance is obviously critical. We’re also proud that customers see how Ford is taking EVs mainstream, and have already ordered or reserved more than 275,000 all-electric Mustang Mach-E SUVs, F-150 Lightning pickups and E-Transit commercial vehicles – and we’re breaking constraints to deliver every one of them as fast as we can.”

Ford investors aren’t impressed with the results as heavy trading takes place today. This has some 122 million shares of the stock moving as of this writing. For the record, that’s above the company’s daily average trading volume of about 110.5 million shares.

F stock is down 10.8% as of of Friday morning.

There’s more stock market news for investors to dive into below!

We’ve got all the latest stock coverage that traders need for Friday. That includes the latest earnings news affecting shares of Bill.com (NYSE:BILL), Unity Software (NYSE:U), and Pinterest (NYSE:PINS). You can find all of that at the following links!

More Stock Market News for Friday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More From InvestorPlace

The post F Stock Alert: Why Ford Shares Are Falling Lower Today appeared first on InvestorPlace.

Source: https://markets.businessinsider.com/news/stocks/f-stock-alert-why-ford-shares-are-falling-lower-today-1031163081?op=1

Hot Stocks: AMZN, PINS, BILL soar on earnings news; F, APD drop (NASDAQ:AMZN)

Big-name earnings announcements provided the main drivers in Friday’s pre-market action. Amazon (NASDAQ:AMZN) and Pinterest (NYSE:PINS) both attracted significant buying interest after beating expectations with their quarterly reports.

Earnings news also gave a lift to Bill.com (NYSE:BILL), which expanded its value by almost a quarter during pre-market trading.

Some high-profile stocks moved in the opposite direction following the release of their financial figures. Ford (NYSE:F) and Air Products and Chemicals (NYSE:APD) both fell in the wake of their respective quarterly updates.

Gainers

Amazon (AMZN) soared nearly 12% after beating expectations with its Q4 results. The online retailer also announced that it was raising the price for its popular Prime membership to $139 a year.

In terms of Q4 results, AMZN posted net income of $14.3B, including an $11.8B boost from its investment in Rivian (NASDAQ:RIVN), which came public in November. The company’s revenue rose 9% to more than $137B.

Pinterest (PINS) also saw a double-digit percentage gain following the release of the quarterly results. The stock jumped 11% in pre-market action, reversing a 10% slide it posted on Thursday, when PINS was weighed down by a devastating earnings report from Meta Platforms (NASDAQ:FB).

PINS surpassed projections with its Q4 profit, with revenue that jumped 20% to $847B. Adjusted EBITDA reached $351M. These stronger-than-expected results came despite a dip in monthly active users, which fell to 431M.

The release of quarterly results also provided a major boost to Bill.com (BILL). Shares skyrocketed 24% in pre-market trading, thanks to better-than-expected quarterly earnings and increased guidance.

Decliners

Ford (F) suffered an earnings-inspired setback before the opening bell. Shares of the automaker tumbled 6% after issuing a disappointing quarterly report.

F reported Q4 earnings that failed to meet analysts’ expectations. The firm’s forecast likewise disappointing market analysts. The company blamed higher labor and supply costs for the shortfall.

Air Products and Chemicals (APD) also slipped in pre-market action on earnings news. The company beat expectations with its quarterly results but offered a disappointing forecast for the current quarter.

To keep up with Wall Street’s biggest movers throughout the session, turn to SA’s On The Move section.

Gainers

Source: https://seekingalpha.com/news/3796032-hot-stocks-amzn-pins-bill-soar-on-earnings-news-f-apd-drop

Avalara (NYSE:AVLR) Trading Up 7.3%

Avalara logoAvalara, Inc. (NYSE:AVLR) shares were up 7.3% during trading on Friday . The company traded as high as $104.31 and last traded at $103.57. Approximately 17,206 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,338,610 shares. The stock had previously closed at $96.50.

A number of research analysts recently commented on AVLR shares. TheStreet downgraded Avalara from a “c-” rating to a “d+” rating in a report on Friday, January 7th. Mizuho reduced their price target on Avalara from $220.00 to $140.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group started coverage on Avalara in a research note on Monday, December 13th. They set a “buy” rating and a $200.00 price objective on the stock. Piper Sandler cut their price objective on Avalara from $215.00 to $200.00 in a research note on Monday, January 10th. Finally, JPMorgan Chase & Co. upgraded Avalara from a “neutral” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Tuesday, December 14th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $192.67.

The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $126.66 and a two-hundred day moving average price of $156.28. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of -88.18 and a beta of 0.72.

Avalara (NYSE:AVLR) last posted its earnings results on Thursday, November 4th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. Avalara had a negative return on equity of 7.30% and a negative net margin of 15.60%. The firm had revenue of $181.17 million for the quarter, compared to analysts’ expectations of $170.34 million. During the same period last year, the firm earned ($0.13) EPS. The firm’s revenue was up 41.7% compared to the same quarter last year. On average, equities research analysts predict that Avalara, Inc. will post -1.12 earnings per share for the current fiscal year.

In other Avalara news, insider Scott M. Mcfarlane sold 2,986 shares of the stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $129.00, for a total transaction of $385,194.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Mathradas sold 1,074 shares of the stock in a transaction on Wednesday, January 5th. The shares were sold at an average price of $120.00, for a total value of $128,880.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,302 shares of company stock worth $7,236,157. 21.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mizuho Markets Americas LLC boosted its stake in Avalara by 3.0% during the 4th quarter. Mizuho Markets Americas LLC now owns 91,692 shares of the company’s stock valued at $11,838,000 after purchasing an additional 2,682 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Avalara during the 4th quarter worth $238,704,000. Janney Montgomery Scott LLC boosted its stake in shares of Avalara by 3.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,845 shares of the company’s stock worth $1,917,000 after acquiring an additional 479 shares in the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of Avalara by 10.7% during the 4th quarter. Liontrust Investment Partners LLP now owns 41,400 shares of the company’s stock worth $5,345,000 after acquiring an additional 4,000 shares in the last quarter. Finally, RMB Capital Management LLC boosted its stake in shares of Avalara by 32.6% during the 4th quarter. RMB Capital Management LLC now owns 18,399 shares of the company’s stock worth $2,375,000 after acquiring an additional 4,527 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Avalara Company Profile (NYSE:AVLR)

Avalara, Inc engages in the provision of cloud-based solutions. The firm focuses on taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Its products include AvaTax excise, AvaTax communications, returns excise, trustfile, CertCapture, and avalara licensing.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mizuho Markets Americas LLC boosted its stake in Avalara by 3.0% during the 4th quarter. Mizuho Markets Americas LLC now owns 91,692 shares of the company’s stock valued at $11,838,000 after purchasing an additional 2,682 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Avalara during the 4th quarter worth $238,704,000. Janney Montgomery Scott LLC boosted its stake in shares of Avalara by 3.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,845 shares of the company’s stock worth $1,917,000 after acquiring an additional 479 shares in the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of Avalara by 10.7% during the 4th quarter. Liontrust Investment Partners LLP now owns 41,400 shares of the company’s stock worth $5,345,000 after acquiring an additional 4,000 shares in the last quarter. Finally, RMB Capital Management LLC boosted its stake in shares of Avalara by 32.6% during the 4th quarter. RMB Capital Management LLC now owns 18,399 shares of the company’s stock worth $2,375,000 after acquiring an additional 4,527 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Source: https://etfdailynews.com/news/avalara-nyseavlr-trading-up-7-3/

Analyst Ratings For Dover

Within the last quarter, Dover (NYSE:DOV) has observed the following analyst ratings:

BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings12400Last 30D001001M Ago021002M Ago102003M Ago00000

These 7 analysts have an average price target of $194.0 versus the current price of Dover at $163.8, implying upside.

Below is a summary of how these 7 analysts rated Dover over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

price target chart

This current average has increased by 5.32% from the previous average price target of $184.20.

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

price target chart

Source: https://markets.businessinsider.com/news/stocks/analyst-ratings-for-dover-1031139990?op=1

Private space investment hits all-time high

Research by New York-based firm Space Capital showed that space infrastructure companies got billions of dollars in private investment in 2021. The funds grew by more than 50% from the previous year to a record $14.5 billion.

After a historic third quarter for human spaceflight, the fourth quarter brought in $4.3 billion thanks to “mega-rounds” of $250 million or more by Sierra Space, Elon Musk’s SpaceX, and Planet Labs.

In total, Space Capital tracked 1,694 companies that have raised nearly $253 billion in cumulative global equity investments since 2012 across the three space categories – infrastructure, distribution, and application.

“As we look ahead, we see tremendous opportunities to scale mass adoption of the existing infrastructure as we look for radically new approaches to build and operate space-based assets,” said Space Capital’s managing partner, Chad Anderson.

According to the report, space-related companies received $17.1 billion in venture capital last year, which made up 3% of total global venture capital investment in 2021.

“It’s important for investors to realize that investment in the space economy requires specialist expertise. We believe this will become more apparent in 2022 as some of these overvalued companies come back down to Earth and the quality companies rise above,” Anderson said.

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Source: https://www.rt.com/business/546422-private-space-investment-high/