Benzinga · Nov 10, 2022
At the beginning of 2022, Forbes looked like it would be part of the SPAC wave, planning to go public via a merger with Magnum Opus Acquisition Ltd. (NASDAQ: OPA).
Even Binance, which has been particularly busy the past few days with FTX, was on board with a $200-million strategic investment before the deal's public debut, which would have made Binance one of the top two biggest owners of Forbes.
In May, those SPAC dreams were dashed. But now, a buyer has come calling.
In a company-wide email sent Wednesday by Forbes CEO Mike Federle, according to a Daily Beast report, stated the company entered into exclusive negotiations with a ...
Benzinga · Mar 2, 2022
Upgrades
Barclays upgraded the previous rating for Equitrans Midstream Corp (NYSE:ETRN) from Underweight to Equal-Weight. Equitrans Midstream earned $0.07 in the fourth quarter, compared to $0.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.52 and a 52-week-low of $5.87. Equitrans Midstream closed at $6.45 at the end of the last trading period.
Barclays upgraded the previous rating for WillScot Mobile Mini Holdings Corp (NASDAQ:WSC) from Equal-Weight to Overweight. In the fourth quarter, WillScot Mobile Mini showed an EPS of $0.32, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.00 and a 52-week-low of $24.51. WillScot Mobile Mini closed at $34.42 at the end of the last trading period.
For Inseego Corp (NASDAQ:INSG), Canaccord Genuity upgraded the previous rating of Hold to Buy. For the fourth quarter, Inseego had an EPS of $0.08, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $15.29 and a 52-week-low of $3.93. At the end of the last trading period, Inseego closed at $4.78.
Scotiabank upgraded the previous rating for Bank of Montreal (NYSE:BMO) from Sector Perform to Sector Outperform. In the first quarter, Bank of Montreal showed an EPS of $3.07, compared to $2.35 from the year-ago quarter. The current stock performance of Bank of Montreal shows a 52-week-high of $120.86 and a 52-week-low of $82.30. Moreover, at the end of the last trading period, the closing price was at $113.42.
For Domino's Pizza Inc (NYSE:DPZ), Stephens & Co. upgraded the previous rating of Underweight to Equal-Weight. For the fourth quarter, Domino's Pizza had an EPS of $4.25, compared to year-ago quarter EPS of $3.46. The stock has a 52-week-high of $567.57 and a 52-week-low of $319.71. At the end of the last trading period, Domino's Pizza closed at $432.21.
Jefferies upgraded the previous rating for Ardelyx Inc (NASDAQ:ARDX) from Hold to Buy. Ardelyx earned $0.31 in the fourth quarter, compared to $0.32 in the year-ago quarter. The current stock performance of Ardelyx shows a 52-week-high of $9.23 and a 52-week-low of $0.58. Moreover, at the end of the last trading period, the closing price was at $0.73.
According to Goldman Sachs, the prior rating for Quanterix Corp (NASDAQ:QTRX) was changed from Sell to Neutral. For the fourth quarter, Quanterix had an EPS of $0.55, compared to year-ago quarter EPS of $0.31. The current stock performance of Quanterix shows a 52-week-high of $84.89 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $31.60.
For Chevron Corp (NYSE:CVX), DZ Bank upgraded the previous rating of Hold to Buy. In the fourth quarter, Chevron showed an EPS of $2.56, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $149.96 and a 52-week-low of $92.86. Chevron closed at $149.72 at the end of the last trading period.
Bernstein upgraded the previous rating for Hewlett Packard Enterprise Co (NYSE:HPE) from Market Perform to Outperform. In the first quarter, Hewlett Packard showed an EPS of $0.53, compared to $0.52 from the year-ago quarter. The current stock performance of Hewlett Packard shows a 52-week-high of $17.76 and a 52-week-low of $12.99. Moreover, at the end of the last trading period, the closing price was at $15.41.
According to BMO Capital, the prior rating for PPL Corp (NYSE:PPL) was changed from Market Perform to Outperform. For the fourth quarter, PPL had an EPS of $0.22, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $30.71 and a 52-week-low of $25.27. At the end of the last trading period, PPL closed at $25.45.
Daiwa Capital upgraded the previous rating for Zscaler Inc (NASDAQ:ZS) from Underperform to Buy. For the second quarter, Zscaler had an EPS of $0.13, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $376.11 and a 52-week-low of $157.03. At the end of the last trading period, Zscaler closed at $247.83.
For Booking Holdings Inc (NASDAQ:BKNG), Evercore ISI Group upgraded the previous rating of In-Line to Outperform. For the fourth quarter, Booking Holdings had an EPS of $15.83, compared to year-ago quarter EPS of $0.57. The current stock performance of Booking Holdings shows a 52-week-high of $2715.66 and a 52-week-low of $2053.57. Moreover, at the end of the last trading period, the closing price was at $2072.00.
Oppenheimer upgraded the previous rating for PMV Pharmaceuticals Inc (NASDAQ:PMVP) from Perform to Outperform. In the fourth quarter, PMV Pharmaceuticals showed an EPS of $0.40, compared to $3.53 from the year-ago quarter. The stock has a 52-week-high of $43.63 and a 52-week-low of $14.42. At the end of the last trading period, PMV Pharmaceuticals ...Full story available on Benzinga.com
Benzinga · Feb 10, 2022
Forbes is expected to go public via merger with the special purpose acquisition company Magnum Opus Acquisition Ltd (NYSE: OPA) during the first quarter.
The world's largest cryptocurrency exchange, Binance, is making a $200-million strategic investment in Forbes ahead of its public debut, according to a CNBC report.
What To Know: Binance will replace half of the $400 million in commitments from institutional investors previously announced by Forbes, according to the report, which cited people with knowledge of the ...
Benzinga · Dec 21, 2021
A leading financial media company could have an alternative to a previously announced SPAC merger, according to a new report.
What Happened: Investment firm GSV Asset Management could be bidding to buy Forbes Media in an alternative buyout for the company versus a previously announced SPAC merger, according to Axios.
The price tag on Forbes from GSV could value the company at $620 million.
Axios saw a pitch that includes investments from GSV Asset Management CEO Michael Moe and participation from “top family offices and institutional investors.” A new deal with GSV could be announced before the end of the year or in March 2022, according to the report.
“We are moving full steam ahead with ...
