Benzinga's Top Ratings Upgrades, Downgrades For August 10, 2023
Upgrades
For Roblox Corp (NYSE:RBLX), Wedbush upgraded the previous rating of Neutral to Outperform. Roblox earned $0.46 in the second quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.87 and a 52-week-low of $25.33. Roblox closed at $29.46 at the end of the last trading period.
DA Davidson upgraded the previous rating for GoodRx Holdings Inc (NASDAQ:GDRX) from Neutral to Buy. In the second quarter, GoodRx Holdings showed an EPS of $0.07, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.36 and a 52-week-low of $3.83. GoodRx Holdings closed at $7.94 at the end of the last trading period.
For ADC Therapeutics SA (NYSE:ADCT), JP Morgan upgraded the previous rating of Underweight to Neutral. In the second quarter, ADC Therapeutics showed an EPS of $0.37, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.40 and a 52-week-low of $1.22. ADC Therapeutics closed at $1.50 at the end of the last trading period.
Wells Fargo upgraded the previous rating for Essex Property Trust Inc (NYSE:ESS) from Underweight to Equal-Weight. Essex Property Trust earned $3.77 in the second quarter, compared to $3.68 in the year-ago quarter. At the moment, the stock has a 52-week-high of $300.31 and a 52-week-low of $195.03. Essex Property Trust closed at $241.32 at the end of the last trading period.
Raymond James upgraded the previous rating for Harmonic Inc (NASDAQ:HLIT) from Outperform to Strong Buy. Harmonic earned $0.12 in the second quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $18.43 and a 52-week-low of $9.96. At the end of the last trading period, Harmonic closed at $10.12.
Citigroup upgraded the previous rating for Mirati Therapeutics Inc (NASDAQ:MRTX) from Neutral to Buy. For the second quarter, Mirati Therapeutics had an EPS of $3.04, compared to year-ago quarter EPS of $3.18. At the moment, the stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. Mirati Therapeutics closed at $37.00 at the end of the last trading period.
For Kornit Digital Ltd (NASDAQ:KRNT), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Kornit Digital had an EPS of $0.15, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $37.38 and a 52-week-low of $16.19. Kornit Digital closed at $22.23 at the end of the last trading period.
According to Jefferies, the prior rating for Global Payments Inc (NYSE:GPN) was changed from Hold to Buy. Global Payments earned $2.62 in the second quarter, compared to $2.36 in the year-ago quarter. The stock has a 52-week-high of $136.88 and a 52-week-low of $92.28. At the end of the last trading period, Global Payments closed at $124.04.
Morgan Stanley upgraded the previous rating for Southern Co (NYSE:SO) from Underweight to Equal-Weight. Southern earned $0.79 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $80.52 and a 52-week-low of $58.85. Southern closed at $69.19 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for Roblox Corp (NYSE:RBLX) from Underweight to Equal-Weight. In the second quarter, Roblox showed an EPS of $0.46, compared to $0.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $53.87 and a 52-week-low of $25.33. Roblox closed at $29.46 at the end of the last trading period.
According to Stifel, the prior rating for Deciphera Pharmaceuticals Inc (NASDAQ:DCPH) was changed from Hold to Buy. Deciphera Pharmaceuticals earned $0.57 in the second quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.76 and a 52-week-low of $12.73. Deciphera Pharmaceuticals closed at $13.74 at the end of the last trading period.
For Gulfport Energy Corp (NYSE:GPOR), Keybanc upgraded the previous rating of Sector Weight to Overweight. In the second quarter, Gulfport Energy showed an EPS of $2.66, compared to $5.09 from the year-ago quarter. The stock has a 52-week-high of $112.60 and a 52-week-low of $60.15. At the end of the last trading period, Gulfport Energy closed at $112.59.
See all analyst ratings upgrades.
Downgrades
RBC Capital downgraded the previous rating for Calamos Global Dynamic Income Fund (NASDAQ:CHW) from Sector Perform to Underperform. At the moment, the stock has a 52-week-high of $7.87 and a 52-week-low of $5.33. Calamos Glb Dynamic closed at $6.10 at the end of the last trading period.
Northland Capital Markets downgraded the previous rating for Avid Technology Inc (NASDAQ:AVID) from Outperform to Market Perform. Avid Technology earned $0.22 in the second quarter, compared to $0.26 in the year-ago quarter. The stock has a 52-week-high of $33.41 and a 52-week-low of $19.78. At the end of the last trading period, Avid Technology closed at $26.55.
For Avid Technology Inc (NASDAQ:AVID), B. Riley Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Avid Technology showed an EPS of $0.22, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $33.41 and a 52-week-low of $19.78. At the end of the last trading period, Avid Technology closed at $26.55.
BMO Capital downgraded the previous rating for Equifax Inc (NYSE:EFX) from Outperform to Market Perform. For the second quarter, Equifax had an EPS of $1.71, compared to year-ago quarter EPS of $2.09. The stock has a 52-week-high of $240.35 and a 52-week-low of $146.12. At the end of the last trading period, Equifax closed at $198.29.
Canaccord Genuity downgraded the previous rating for Stantec Inc (NYSE:STN) from Buy to Hold. Stantec earned $0.74 in the second quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $69.02 and a 52-week-low of $43.10. At the end of the last trading period, Stantec closed at $66.56.
Roth MKM downgraded the previous rating for Plug Power Inc (NASDAQ:PLUG) from Buy to Neutral. In the second quarter, Plug Power showed an EPS of $0.40, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $31.50 and a 52-week-low of $7.39. At the end of the last trading period, Plug Power closed at $10.75.
For Aqua Metals Inc (NASDAQ:AQMS), Oppenheimer downgraded the previous rating of Outperform to Perform. For the second quarter, Aqua Metals had an EPS of $0.06, compared to year-ago quarter EPS of $0.04. The current stock performance of Aqua Metals shows a 52-week-high of $1.76 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $1.13.
For Certara Inc (NASDAQ:CERT), William Blair downgraded the previous rating of Outperform to Market Perform. For the second quarter, Certara had an EPS of $0.12, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $24.96 and a 52-week-low of $10.61. At the end of the last trading period, Certara closed at $17.92.
According to B of A Securities, the prior rating for Crown Castle Inc (NYSE:CCI) was changed from Buy to Neutral. For the second quarter, Crown Castle had an EPS of $2.05, compared to year-ago quarter EPS of $1.80. At the moment, the stock has a 52-week-high of $184.77 and a 52-week-low of $102.19. Crown Castle closed at $104.63 at the end of the last trading period.
B of A Securities downgraded the previous rating for SBA Communications Corp (NASDAQ:SBAC) from Buy to Neutral. In the second quarter, SBA Comms showed an EPS of $1.87, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $356.47 and a 52-week-low of $214.51. SBA Comms closed at $227.71 at the end of the last trading period.
According to Craig-Hallum, the prior rating for PENN Entertainment Inc (NASDAQ:PENN) was changed from Buy to Hold. In the second quarter, PENN Entertainment showed an EPS of $0.48, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.35 and a 52-week-low of $22.96. PENN Entertainment closed at $27.10 at the end of the last trading period.
For Sunlight Financial Holdings Inc (NYSE:SUNL), TD Cowen downgraded the previous rating of Outperform to Market Perform. The current stock performance of Sunlight Finl Hldgs shows a 52-week-high of $4.73 and a 52-week-low of $0.25. Moreover, at the end of the last trading period, the closing price was at $0.39.
According to Roth MKM, the prior rating for CEVA Inc (NASDAQ:CEVA) was changed from Buy to Neutral. CEVA earned $0.02 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of CEVA shows a 52-week-high of $36.29 and a 52-week-low of $20.52. Moreover, at the end of the last trading period, the closing price was at $22.06.
JP Morgan downgraded the previous rating for TaskUs Inc (NASDAQ:TASK) from Overweight to Neutral. TaskUs earned $0.32 in the second quarter, compared to $0.38 in the year-ago quarter. The current stock performance of TaskUs shows a 52-week-high of $24.00 and a 52-week-low of $10.37. Moreover, at the end of the last trading period, the closing price was at $11.98.
Craig-Hallum downgraded the previous rating for Kulicke & Soffa Industries Inc (NASDAQ:KLIC) from Buy to Hold. For the third quarter, Kulicke & Soffa Indus had an EPS of $0.55, compared to year-ago quarter EPS of $2.09. The stock has a 52-week-high of $60.20 and a 52-week-low of $36.00. At the end of the last trading period, Kulicke & Soffa Indus closed at $54.41.
According to HSBC, the prior rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) was changed from Buy to Hold. Petrobras Brasileiro earned $0.90 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Petrobras Brasileiro shows a 52-week-high of $16.32 and a 52-week-low of $8.88. Moreover, at the end of the last trading period, the closing price was at $13.60.
For Agiliti Inc (NYSE:AGTI), Raymond James downgraded the previous rating of Outperform to Market Perform. Agiliti earned $0.14 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $20.11 and a 52-week-low of $11.81. Agiliti closed at $12.27 at the end of the last trading period.
For Petroleo Brasileiro SA Petrobras (NYSE:PBR), Citigroup downgraded the previous rating of Buy to Neutral. For the second quarter, Petrobras Brasileiro had an EPS of $0.90, compared to year-ago quarter EPS of $1.68. At the moment, the stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. Petrobras Brasileiro closed at $13.60 at the end of the last trading period.
DA Davidson downgraded the previous rating for OneSpan Inc (NASDAQ:OSPN) from Buy to Neutral. OneSpan earned $0.18 in the second quarter, compared to $0.10 in the year-ago quarter. The current stock performance of OneSpan shows a 52-week-high of $19.25 and a 52-week-low of $8.16. Moreover, at the end of the last trading period, the closing price was at $13.33.
Piper Sandler downgraded the previous rating for Galera Therapeutics Inc (NASDAQ:GRTX) from Overweight to Neutral. For the first quarter, Galera Therapeutics had an EPS of $0.50, compared to year-ago quarter EPS of $0.58. The stock has a 52-week-high of $3.59 and a 52-week-low of $1.16. At the end of the last trading period, Galera Therapeutics closed at $2.24.
For TaskUs Inc (NASDAQ:TASK), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, TaskUs showed an EPS of $0.32, compared to $0.38 from the year-ago quarter. The current stock performance of TaskUs shows a 52-week-high of $24.00 and a 52-week-low of $10.37. Moreover, at the end of the last trading period, the closing price was at $11.98.
According to RBC Capital, the prior rating for Sylvamo Corp (NYSE:SLVM) was changed from Outperform to Sector Perform. For the second quarter, Sylvamo had an EPS of $1.14, compared to year-ago quarter EPS of $2.02. At the moment, the stock has a 52-week-high of $57.27 and a 52-week-low of $33.31. Sylvamo closed at $41.35 at the end of the last trading period.
For Sonendo Inc (NYSE:SONX), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the second quarter, Sonendo showed an EPS of $0.19, compared to $0.57 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.93 and a 52-week-low of $0.86. Sonendo closed at $1.25 at the end of the last trading period.
For Atea Pharmaceuticals Inc (NASDAQ:AVIR), JP Morgan downgraded the previous rating of Neutral to Underweight. Atea Pharmaceuticals earned $0.34 in the second quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $9.79 and a 52-week-low of $2.94. At the end of the last trading period, Atea Pharmaceuticals closed at $3.54.
For Decibel Therapeutics Inc (NASDAQ:DBTX), Baird downgraded the previous rating of Outperform to Neutral. Decibel Therapeutics earned $0.53 in the first quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.68 and a 52-week-low of $1.61. Decibel Therapeutics closed at $5.03 at the end of the last trading period.
For BanColombia SA (NYSE:CIB), JP Morgan downgraded the previous rating of Neutral to Underweight. BanColombia earned $1.54 in the first quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $33.16 and a 52-week-low of $21.55. At the end of the last trading period, BanColombia closed at $28.93.
For NeoGames SA (NASDAQ:NGMS), Deutsche Bank downgraded the previous rating of Buy to Hold. For the second quarter, NeoGames had an EPS of $0.00, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $27.77 and a 52-week-low of $10.85. At the end of the last trading period, NeoGames closed at $27.05.
According to Goldman Sachs, the prior rating for Nuvei Corp (NASDAQ:NVEI) was changed from Buy to Neutral. In the second quarter, Nuvei showed an EPS of $0.39, compared to $0.51 from the year-ago quarter. The current stock performance of Nuvei shows a 52-week-high of $43.81 and a 52-week-low of $17.69. Moreover, at the end of the last trading period, the closing price was at $18.13.
For Benson Hill Inc (NYSE:BHIL), Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Benson Hill showed an EPS of $0.16, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.09 and a 52-week-low of $0.90. Benson Hill closed at $1.00 at the end of the last trading period.
TD Cowen downgraded the previous rating for Thoughtworks Holding Inc (NASDAQ:TWKS) from Outperform to Market Perform. Thoughtworks Holding earned $0.03 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $17.44 and a 52-week-low of $4.60. At the end of the last trading period, Thoughtworks Holding closed at $4.66.
For Magnolia Oil & Gas Corp (NYSE:MGY), Keybanc downgraded the previous rating of Overweight to Sector Weight. Magnolia Oil & Gas earned $0.51 in the second quarter, compared to $1.32 in the year-ago quarter. The stock has a 52-week-high of $27.54 and a 52-week-low of $18.17. At the end of the last trading period, Magnolia Oil & Gas closed at $23.20.
See all analyst ratings downgrades.
Initiations
With an Overweight rating, Cantor Fitzgerald initiated coverage on Zai Lab Ltd (NASDAQ:ZLAB). The price target seems to have been set at $70.00 for Zai Lab. Zai Lab earned $1.25 in the second quarter, compared to $1.44 in the year-ago quarter. The current stock performance of Zai Lab shows a 52-week-high of $53.95 and a 52-week-low of $20.98. Moreover, at the end of the last trading period, the closing price was at $26.38.
RBC Capital initiated coverage on Cormedix Inc (NASDAQ:CRMD) with an Outperform rating. The price target for Cormedix is set to $6.00. In the second quarter, Cormedix showed an EPS of $0.25, compared to $0.19 from the year-ago quarter. The current stock performance of Cormedix shows a 52-week-high of $6.09 and a 52-week-low of $2.72. Moreover, at the end of the last trading period, the closing price was at $4.35.