Date | Price Target | Rating | Analyst |
---|---|---|---|
3/27/2023 | $2.50 → $1.40 | Buy → Hold | Craig Hallum |
12/8/2021 | $12.00 | Buy | BofA Securities |
11/23/2021 | $8.00 → $10.00 | Neutral → Outperform | Credit Suisse |
9/21/2021 | $8.00 | Neutral | Credit Suisse |
8/16/2021 | Market Perform | William Blair |
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
4 - Berkshire Grey, Inc. (0001824734) (Issuer)
Craig Hallum downgraded Berkshire Grey from Buy to Hold and set a new price target of $1.40 from $2.50 previously
BofA Securities initiated coverage of Berkshire Grey with a rating of Buy and set a new price target of $12.00
Credit Suisse upgraded Berkshire Grey from Neutral to Outperform and set a new price target of $10.00 from $8.00 previously
Credit Suisse initiated coverage of Berkshire Grey with a rating of Neutral and set a new price target of $8.00
William Blair initiated coverage of Berkshire Grey with a rating of Market Perform
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8-K - Berkshire Grey, Inc. (0001824734) (Filer)
Berkshire Grey, Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Hy-Tek Intralogistics, a premier integrator of full-service automation technology for the supply chain, announce their formal partnership and celebrate the successful integration and installation of a highly-automated system for their customer, Bealls, Inc. Despite persistent global supply chain issues, just 8 months after Bealls selected BG, the Berkshire Grey's Robotic Shuttle Product Sortation (BG RSPS) systems were live in the Bealls Jacksonville, Texas facility sorting items bound for stores. The 400,000-square-foot facility utilizes the BG RSPS solution to enable it
According to Benzinga Pro data, during Q4, Berkshire Grey (NASDAQ:BGRY) posted sales of $13.31 million. Earnings were up 13.09%, but Berkshire Grey still reported an overall loss of $23.36 million. Berkshire Grey collected $23.60 million in revenue during Q3, but reported earnings showed a $26.88 million loss. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, Berkshire
Gainers Berkshire Grey (NASDAQ:BGRY) shares rose 19.7% to $1.36 during Monday's regular session. The current volume of 9.4 million shares is 630.2% of Berkshire Grey's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $330.1 million. Nuburu (AMEX:BURU) shares rose 11.59% to $4.32. The company's market cap stands at $144.2 million. Charah Solutions, Inc. 8.50% Senior Notes due 2026 (NYSE:CHRB) shares rose 8.91% to $10.89. Singularity Future Tech (NASDAQ:SGLY) shares increased by 8.71% to $0.65. Singularity Future Tech's stock is trading at a volume of 57.1K shares as of 13:30 EST. This is 75.1% of its average full-day volume ove
Gainers Crown ElectroKinetics Corp. (NASDAQ:CRKN) shares jumped 59.6% to $0.2513. Crown Electrokinetics said it has entered into an agreement with a leading infrastructure solutions provider. First Citizens BancShares, Inc. (NASDAQ:FCNCA) shares surged 42.5% to $829.82 after First-Citizens Bank & Trust Company entered an agreement to purchase all deposits and loans of Silicon Valley Bank. Alpine Acquisition Corporation (NASDAQ:REVE) surged 32% to $14.17. Coeptis Therapeutics Holdings, Inc. (NASDAQ:COEP) shares jumped 30% to $1.93 after gaining 8% on Friday. Jounce Therapeutics, Inc. (NASDAQ:JNCE) gained 23% to $1.86. Jounce Therapeutics entered into agreement to be acquired by Concent
Upgrades According to Argus Research, the prior rating for JM Smucker Co (NYSE:SJM) was changed from Hold to Buy. In the third quarter, JM Smucker showed an EPS of $2.21, compared to $2.33 from the year-ago quarter. The stock has a 52-week-high of $163.07 and a 52-week-low of $119.95. At the end of the last trading period, JM Smucker closed at $154.69. For Victory Capital Holdings Inc (NASDAQ:VCTR), Piper Sandler upgraded the previous rating of Underweight to Overweight. In the fourth quarter, Victory Capital Holdings showed an EPS of $1.05, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.01 and a 52-week-low of $22.22. Victory Capital Holdi
Craig-Hallum analyst Greg Palm downgrades Berkshire Grey (NASDAQ:BGRY) from Buy to Hold and lowers the price target from $2.5 to $1.4.
Gainers Berkshire Grey (NASDAQ:BGRY) shares increased by 20.2% to $1.37 during Monday's pre-market session. The market value of their outstanding shares is at $331.3 million. Energous (NASDAQ:WATT) shares moved upwards by 7.42% to $0.54. The company's market cap stands at $42.8 million. Nuvve Holding (NASDAQ:NVVE) shares rose 6.99% to $0.58. The market value of their outstanding shares is at $14.1 million. Lightning eMotors (NYSE:ZEV) shares rose 6.87% to $0.28. The company's market cap stands at $26.3 million. Microvast Holdings (NASDAQ:MVST) shares moved upwards by 6.83% to $1.25. The company's market cap stands at $386.7 million. FiscalNote Holdings (NYSE:NOTE) stock moved upwards b
Gainers Coeptis Therapeutics Holdings, Inc. (NASDAQ:COEP) shares rose 38.5% to $2.05 in pre-market trading after gaining 8% on Friday. First Republic Bank (NYSE:FRC) gained 25.5% to $15.51 in pre-market trading. U.S. authorities plan to give First Republic Bank more time to ramp up its balance sheet and have yet to decide on what support, if any, to provide to the troubled lender, according to Bloomberg. Berkshire Grey, Inc. (NASDAQ:BGRY) gained 18.4% to $1.35 in pre-market trading as the company entered into definitive merger agreement with SoftBank Group for a go-private transaction. Silvergate Capital Corporation (NYSE:SI) climbed 14% to $1.96 in pre-market trading. Silvergate Capi
BEDFORD, Mass. and LIVERPOOL, U.K., July 27, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc., a leader in AI-enabled robotic solutions that automate supply chain processes, and Maersk, an integrated logistics company working to connect and simplify its customers' supply chains, today announce their first collaboration in the UK. The project, to be deployed ahead of peak in its 685,000 sq ft facility at SEGRO Logistics Park East Midlands Gateway, is part of Maersk's key visions of leveraging cutting-edge technology to integrate logistics and offer flexible and resilient end-to-end solutions to its customers. Details of the project: Maximize SKU coverage across a variety of Maersk customers
BEDFORD, Mass. and COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Hy-Tek Intralogistics, a premier integrator of full-service automation technology for the supply chain, announce their formal partnership and celebrate the successful integration and installation of a highly-automated system for their customer, Bealls, Inc. Despite persistent global supply chain issues, just 8 months after Bealls selected BG, the Berkshire Grey's Robotic Shuttle Product Sortation (BG RSPS) systems were live in the Bealls Jacksonville, Texas facility sorting items bound for stores. The 4
Revenue of $66 Million for Full Year 2022 Meets Full Year Outlook Company Achieves Positive Gross Margins in Q4 BEDFORD, Mass. , March 29, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its fourth quarter and year ended December 31, 2022. The Company: Executed 71 installations of Berkshire Grey's advanced robotics solutions during 2022.Entered 2023 with backlog of approximately $100 million.Increased total orders since inception to $265 million.Achieved positive gross margin in the fourth quarter of 2022. "We had another strong quarter in terms of exec
BEDFORD, Mass., March 24, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), ("Berkshire Grey" or the "Company") today announced that the Company has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate (together, "SoftBank"). Under the agreement, SoftBank will acquire all of the outstanding capital stock of the Company not currently owned by SoftBank for $1.40 per share in an all-cash transaction valued at approximately $375 million. SoftBank, a strategic investment holding company with stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, has been an investor in Berkshire Grey since 201
BEDFORD, Mass., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), ("Berkshire Grey" or the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today confirmed that it has received a non-binding indication of interest from SoftBank Group Corp. ("SoftBank") to acquire all of the outstanding capital stock of the Company for $1.30 per share in cash. The terms of any potential agreement between Berkshire Grey and SoftBank would be contingent on certain conditions, including completion of due diligence review and negotiation of definitive transaction documents. Berkshire Grey also notes that it is currently evaluating various alternati
BEDFORD, Mass. and WILMINGTON, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, and Locus Robotics, the leader in Autonomous Mobile Robotics (AMR) for logistics and distribution warehouses, today announced their formal partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots. This innovative integrated solution deploys end-to-end robotic automation solutions for retail and eCommerce customers looking to maximize their supply chain productivity and throughput while addressi
Revenue Up 26% Year-Over-Year To $23.6 million in Q3; YTD Revenues Up 93% Completes Highest Number of Installations in a Quarter in Company History BEDFORD, Mass., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2022. Third-Quarter Financial Highlights Revenue of $23.6 million, an increase of 26% compared to the third quarter of 2021. Revenue includes $0.4 million for the provision for common stock warrants, which is recorded as a reduction in revenue. The Company previously issued a warrant to purchase Ber
BEDFORD, Mass., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced the Company will report third-quarter financial results before the market opens on November 14, 2022. The Company will host a conference call and accompanying webcast beginning at 10:00 a.m. ET to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Third-Quarter 2022 Conference Call and Webcast Date: November 14, 2022Time: 10:00 a.m. ETDial-in: 1-833-630-2125 or 1-412-317-1844Conference ID: Berkshire Grey Q3 2022 Earnings CallLive webcast (listen only): https://ir.berks
BEDFORD, Mass., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey, Inc. (NASDAQ:BGRY) ("Berkshire Grey" or the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced that the Company has entered into a purchase agreement and registration rights agreement (together, the "Agreement") for up to $75 million with Lincoln Park Capital Fund, LLC ("Lincoln Park"). Under the terms and conditions of the Agreement, the Company has the right, but not the obligation, to sell up to $75 million of its shares of common stock to Lincoln Park over a 36-month period, subject to certain limitations. Any common stock that is sold to Lincoln Park will occur at
FiscalNote (NYSE:NOTE), a leading AI-driven enterprise SaaS company that delivers market intelligence and data insights, announced the appointment of Sara Buda as Vice President, Investor Relations, effective today. In the newly created role at FiscalNote, Buda brings more than two decades of experience in investor relations, corporate development, shareholder communications, analyst engagement, financial analysis, and M&A strategy at publicly traded companies - primarily within the technology and SaaS sectors. She was recently ranked as the #1 Investor Relations Professional in her sector, and led the #1 ranked IR program, by Institutional Investor. Buda will serve as the company's prima
Revenue Up 26% Year-Over-Year To $23.6 million in Q3; YTD Revenues Up 93% Completes Highest Number of Installations in a Quarter in Company History BEDFORD, Mass., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY) (the "Company"), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2022. Third-Quarter Financial Highlights Revenue of $23.6 million, an increase of 26% compared to the third quarter of 2021. Revenue includes $0.4 million for the provision for common stock warrants, which is recorded as a reduction in revenue. The Company previously issued a warrant to purchase Ber
BEDFORD, Mass., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced the Company will report third-quarter financial results before the market opens on November 14, 2022. The Company will host a conference call and accompanying webcast beginning at 10:00 a.m. ET to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Third-Quarter 2022 Conference Call and Webcast Date: November 14, 2022Time: 10:00 a.m. ETDial-in: 1-833-630-2125 or 1-412-317-1844Conference ID: Berkshire Grey Q3 2022 Earnings CallLive webcast (listen only): https://ir.berks
BEDFORD, Mass., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its second quarter ended June 30, 2022. Second Quarter Financial Highlights Revenue of $23.4 million, an increase of $18.9 million or 421% as compared to the second quarter of 2021.$20 million in new orders in the second quarter of 2022 and through July 31, 2022.Backlog of $100 million, which includes orders through July 31, 2022.Net loss of $29.0 million or $(0.12) per diluted share.Adjusted EBITDA of $(30.3) million.$108 million of cash and cash equivalents with no debt as of June 30, 2022. Seco
BEDFORD, Mass., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report second quarter 2022 financial results before market open on Thursday August 11, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time that day to discuss its financial results for the quarter and to provide a business update. Berkshire Grey Second Quarter 2022 Conference CallDate: Thursday August 11, 2022Time: 10:00 a.m. Eastern timeDial-in: 1-833-630-1956 or 1-412-317-1837Conference ID: Berkshire Grey Q2 2022 earnings callLive webcast (listen only): https://ir.berkshiregrey.com/
BEDFORD, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for the quarter ended March 31, 2022. First Quarter Financial Highlights Revenue of $5.5 million.Total orders since inception of $203 million.Backlog of $103 million as of quarter-end.Net loss of $23.6 million or $(0.10) per diluted share.Adjusted EBITDA of $(31.8) million.Ended the quarter with $140 million of cash and no debt. First Quarter and Recent Business Highlights Named the 2022 Enabling Technology Leader for Intelligent Robotic Automation by Frost & Sullivan. Frost & Sullivan recognized Berk
BEDFORD, Mass., May 05, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report first quarter 2022 financial results before market open on Thursday May 12, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time that day to discuss its financial results for the quarter and to provide a business update. Berkshire Grey First Quarter 2022 Conference CallDate: Thursday May 12, 2022Time: 10:00 a.m. Eastern timeDial-in: 1-855-639-2214 or 1-409-216-0598Conference ID: 1697205Live webcast (listen only): https://ir.berkshiregrey.com/news-events The conference call avail
Exceeds Fourth Quarter and Full Year 2021 Revenue GuidanceEnters 2022 with Backlog of $105 Million BEDFORD, Mass., March 29, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its fourth quarter and year ended 2021. The Company: Delivered revenue of $23.6 million for the fourth quarter of 2021, ahead of expectations and a 556% increase as compared to the fourth quarter of 2020.Entered 2022 with strong backlog of $105 million, positioning the Company well for continued growth.Increased total orders to date to $200 million. "We made subst
BEDFORD, Mass., March 15, 2022 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report fourth quarter and full year 2021 financial results before market open on Tuesday, March 29, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time that day to discuss its financial results for the year and to provide a business update. Berkshire Grey Fourth Quarter 2021 Conference CallDate: Tuesday, March 29, 2022Time: 10:00 a.m. Eastern timeDial-in: 1-855-639-2214 or 1-409-216-0598Conference ID: 4180805Live webcast (listen only): https://ir.berkshiregrey.com/news-events The co
BEDFORD, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), a leader in AI-enabled robotic solutions that automate supply chain processes, today announced results for its third quarter ended September 30, 2021. Third Quarter and Recent Financial Highlights Revenue of $18.8 million in the third quarter of 2021, an increase of $16.6 million or 750% from the third quarter of 2020 and an increase of $14.3 million or 317% from the second quarter of 2021.Total orders since inception of $184 million including orders received in early October identified below. The Company has received $70 million in new orders in 2021 year-to-date.Backlog of $113 million including orde
BEDFORD, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Berkshire Grey Inc. (NASDAQ:BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, announced that it will report third quarter 2021 financial results before market open on Thursday, November 11, 2021. The Company will host a conference call at 10:00 a.m. Eastern time on November 11, 2021 to discuss its financial results for the third quarter and to provide a business update. Berkshire Grey Third Quarter 2021 Conference Call.Date: Thursday, November 11, 2021Time: 10:00 a.m. Eastern timeDial-in: 1-855-639-2214 or 1-409-216-0598Conference ID: 4665177Live webcast (listen only): https://ir.berkshiregrey.com/news