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VF Corp Faces Analyst Downgrades and Price Target Reductions
Russell Investments Group Ltd. increased its stake in VF Corp., owning 277,442 shares valued at $4.3 million. Analysts have cut the price target for VF from $30 to $12, with a consensus rating of "Hold" and a target price of $18.65. The company reported a quarterly EPS of ($0.13), slightly beating estimates, but revenue fell 4.6% year-over-year.
DigitalOcean Stock Ratings Shift as Analysts Adjust Price Targets
Citigroup has lowered its price target for DigitalOcean from $50 to $40, maintaining a "buy" rating, while JPMorgan Chase raised its target from $40 to $45 with a "neutral" rating. Bank of America set a target of $31 with an "underperform" rating. Overall, analysts have given DigitalOcean a consensus "Hold" rating with a target price of $39.83, as institutional investors own nearly 50% of the stock. DigitalOcean reported a quarterly EPS of $0.56, exceeding estimates, with revenue up 14.1% year-over-year.
paramount global reports revenue decline and announces quarterly dividend payment
Paramount Global's revenue declined by 6.4% year-over-year, with earnings per share at $0.29 for the latest quarter, surpassing estimates. The company announced a quarterly dividend of $0.05, yielding 1.67%, while analysts project a $1.77 EPS for the current fiscal year. Institutional investors hold 73% of the stock, which has a consensus rating of "Hold" and a target price of $11.58.
fiverr international stock analysis and institutional investor activity update
Fiverr International Ltd. operates a global online marketplace, allowing sellers to offer services across ten categories, including graphic design and digital marketing. Hedge funds and institutional investors own 59% of the stock, which has a current hold rating from analysts, with target prices ranging from $32 to $47. The company recently initiated a $100 million stock buyback program, indicating management's belief that shares are undervalued.
cadence design systems receives multiple price target upgrades from analysts
Mizuho and Robert W. Baird both raised their price targets for Cadence Design Systems to $325, maintaining an "outperform" rating. The company reported $1.57 EPS for the last quarter, exceeding estimates, with a revenue of $1.24 billion, up 23.1% year-over-year. Cadence has a consensus rating of "Moderate Buy" and a target price of $322.54, with significant institutional ownership.
F5, Inc. is projected to post an EPS of 11.2 this year, with analysts giving it a "Hold" rating and a consensus price target of $282.56. Recent price targets from various firms range from $270 to $320, while institutional investors own 90.66% of the stock. The company reported a quarterly EPS of $3.42, exceeding estimates, but revenue fell short at $590.16 million.
analysts adjust ratings and price targets for acv auctions shares
JMP Securities lowered its price target for ACV Auctions from $22 to $18 while maintaining a "market outperform" rating. Bank of America upgraded the stock to "buy" but reduced its target to $20, while JPMorgan cut its target to $20 with an "overweight" rating. Needham restated a "buy" rating with a $25 target, and overall, analysts show a "Moderate Buy" rating with an average target of $22.50.
acv auctions insider sales and institutional investments update
Insiders sold 455,911 shares of ACV Auctions stock valued at $7.48 million in the last three months, with insiders owning 8.50% of the company. Institutional investors hold 88.55% of the stock, with Wellington Management increasing its stake by 61.3% to 1.7 million shares. JPMorgan Chase & Co. cut its price target for ACV Auctions from $24 to $20, suggesting a potential upside of 37.19%. The stock currently has a "Moderate Buy" rating, with an average target price of $23.14, while trading at $14.58.
truist securities expands biotech research team with new analyst appointment
Truist Securities has enhanced its biotech equity research team with the addition of Danielle Brill, who brings extensive experience from her previous roles at Raymond James and other firms. Brill's insights will support the firm's institutional clients in navigating the evolving biotech landscape, alongside a growing team of experts in various sectors. The firm aims to leverage new technologies and high-touch service to deliver differentiated, data-driven content to its clients.
sportradar group receives price target upgrades from multiple analysts
XTX Topco Ltd has increased its holdings in Sportradar Group to 25,591 shares, valued at $444,000, after acquiring 1,414 shares last quarter. Sportradar, which provides sports data services globally, has received multiple price target upgrades from analysts, with an average target of $23.22 and a current rating of "Moderate Buy." The stock recently traded at $22.55, reflecting a market cap of $25.06 billion and a 52-week range between $9.17 and $23.00.
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