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#Wedbush

Why Matterport Surged 9% Higher Today

We should never underestimate the power of a convinced analyst to move the price of a stock. So it was with 3D modeling specialist Matterport (NASDAQ:MTTR) on Wednesday, which saw its share price advance by over 9% on the back of some highly complimentary words from a prognosticator. So what.
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Bank of New York Mellon Corp Sells 897,060 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bank of New York Mellon Corp trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,260,157 shares of the home improvement retailer’s stock after selling 897,060 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lowe’s Companies were worth $1,214,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Logitech International S.A. (NASDAQ:LOGI) Expected to Post Earnings of $1.20 Per Share

Wall Street brokerages expect Logitech International S.A. (NASDAQ:LOGI) to announce earnings per share of $1.20 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Logitech International’s earnings, with the highest EPS estimate coming in at $1.27 and the lowest estimate coming in at $1.13. Logitech International posted earnings of $1.87 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 35.8%. The firm is scheduled to issue its next earnings report on Monday, October 18th.
FINANCIAL REPORTS
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mayfieldrecorder.com

Immunic, Inc. (NASDAQ:IMUX) Receives Average Recommendation of “Buy” from Brokerages

Shares of Immunic, Inc. (NASDAQ:IMUX) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $48.40.
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modernreaders.com

$1.01 Billion in Sales Expected for Diebold Nixdorf, Incorporated (NYSE:DBD) This Quarter

Brokerages expect Diebold Nixdorf, Incorporated (NYSE:DBD) to report $1.01 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Diebold Nixdorf’s earnings, with estimates ranging from $1.01 billion to $1.02 billion. Diebold Nixdorf posted sales of $995.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.5%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 27th.
FINANCIAL REPORTS
WKRB News

American Century Companies Inc. Raises Position in FirstCash, Inc. (NASDAQ:FCFS)

American Century Companies Inc. increased its position in FirstCash, Inc. (NASDAQ:FCFS) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,536 shares of the company’s stock after buying an additional 1,003 shares during the quarter. American Century Companies Inc.’s holdings in FirstCash were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.
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$4.49 Billion in Sales Expected for The Gap, Inc. (NYSE:GPS) This Quarter

Wall Street brokerages expect that The Gap, Inc. (NYSE:GPS) will report $4.49 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for The Gap’s earnings, with estimates ranging from $4.37 billion to $4.62 billion. The Gap reported sales of $3.99 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, November 23rd.
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Envestnet Asset Management Inc. Cuts Stock Position in Navient Co. (NASDAQ:NAVI)

Envestnet Asset Management Inc. lessened its holdings in Navient Co. (NASDAQ:NAVI) by 46.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 68,852 shares of the credit services provider’s stock after selling 58,703 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Navient were worth $1,331,000 at the end of the most recent reporting period.
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WKRB News

Rhumbline Advisers Grows Holdings in LendingClub Co. (NYSE:LC)

Rhumbline Advisers boosted its holdings in LendingClub Co. (NYSE:LC) by 13.2% in the 2nd quarter, Holdings Channel reports. The firm owned 132,145 shares of the credit services provider’s stock after purchasing an additional 15,396 shares during the period. Rhumbline Advisers’ holdings in LendingClub were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Beam Therapeutics (NASDAQ:BEAM) Raised to “Hold” at Zacks Investment Research

According to Zacks, “Beam Therapeutics Inc. is a biotechnology company. It engages in developing precision genetic medicines through base editing. Beam Therapeutics Inc. is based in Cambridge, Massachusetts. “. A number of other brokerages have also recently issued reports on BEAM. Bank of America assumed coverage on Beam Therapeutics in...
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eBay Inc. (NASDAQ:EBAY) SVP Sells $104,396.66 in Stock

Pete Thompson also recently made the following trade(s):. On Tuesday, August 17th, Pete Thompson sold 2,098 shares of eBay stock. The shares were sold at an average price of $73.96, for a total value of $155,168.08. Shares of NASDAQ EBAY traded down $0.75 during trading hours on Tuesday, reaching $72.12....
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BOK Financial Co. to Post FY2021 Earnings of $7.65 Per Share, Wedbush Forecasts (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at Wedbush lowered their FY2021 earnings per share (EPS) estimates for BOK Financial in a report released on Friday, September 17th. Wedbush analyst P. Winter now expects that the bank will post earnings per share of $7.65 for the year, down from their previous forecast of $8.07. Wedbush also issued estimates for BOK Financial’s Q1 2022 earnings at $1.52 EPS, Q2 2022 earnings at $1.68 EPS, Q3 2022 earnings at $1.75 EPS and FY2023 earnings at $6.99 EPS.
FINANCIAL REPORTS
protocol.com

PayPal's super app is here

PayPal introduced a new version of its app Tuesday that it said would give users more ways to manage their money, including a savings account and early access to their pay. The rollout follows CEO Dan Schulman saying early this year that PayPal planned to build a "super app" that would combine different apps "into a connected ecosystem where you can streamline and control data and information between those apps, between the act of shopping, the act of paying for that."
CELL PHONES
americanbankingnews.com

Lennar (NYSE:LEN) Releases Q4 2021 Earnings Guidance

Lennar (NYSE:LEN) updated its fourth quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.120-$4.160 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.500. The company issued revenue guidance of -. A number of research firms have commented on LEN. JMP Securities boosted their price target on shares of Lennar from $120.00 to $130.00 and gave the company a market outperform rating in a research report on Friday, June 18th. Wedbush reiterated an outperform rating on shares of Lennar in a research report on Monday, June 14th. Evercore ISI upped their target price on shares of Lennar from $121.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, June 18th. Royal Bank of Canada upped their target price on shares of Lennar from $97.00 to $100.00 and gave the stock a sector perform rating in a research report on Friday, June 18th. Finally,Zacks Investment Research downgraded shares of Lennar from a strong-buy rating to a hold rating and set a $110.00 price target for the company. in a research note on Wednesday, August 18th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $108.50.
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PacWest Bancorp (NASDAQ:PACW) Upgraded by Truist Securities to Buy

A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of PacWest Bancorp from a buy rating to a hold rating in a research note on Thursday, September 9th. Wedbush reduced their price target on shares of PacWest Bancorp from $47.00 to $40.00 and set a neutral rating for the company in a research note on Tuesday, July 20th. Finally, Truist raised shares of PacWest Bancorp from a hold rating to a buy rating and raised their price objective for the stock from $44.00 to $50.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of $44.50.
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