Benzinga's Top Ratings Upgrades, Downgrades For August 9, 2023
Upgrades
According to B. Riley Securities, the prior rating for Mirati Therapeutics Inc (NASDAQ:MRTX) was changed from Neutral to Buy. In the second quarter, Mirati Therapeutics showed an EPS of $3.04, compared to $3.18 from the year-ago quarter. The stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. At the end of the last trading period, Mirati Therapeutics closed at $27.80.
B. Riley Securities upgraded the previous rating for Novavax Inc (NASDAQ:NVAX) from Neutral to Buy. In the second quarter, Novavax showed an EPS of $0.58, compared to $6.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $62.74 and a 52-week-low of $5.61. Novavax closed at $7.23 at the end of the last trading period.
WestPark Capital upgraded the previous rating for WM Technology Inc (NASDAQ:MAPS) from Hold to Buy. WM Tech earned $0.01 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.62 and a 52-week-low of $0.60. WM Tech closed at $1.20 at the end of the last trading period.
Berenberg upgraded the previous rating for Marqeta Inc (NASDAQ:MQ) from Hold to Buy. For the second quarter, Marqeta had an EPS of $0.11, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $11.28 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $4.96.
For Chart Industries Inc (NYSE:GTLS), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Chart Industries earned $1.19 in the second quarter, compared to $0.88 in the year-ago quarter. The current stock performance of Chart Industries shows a 52-week-high of $242.00 and a 52-week-low of $101.44. Moreover, at the end of the last trading period, the closing price was at $165.76.
For Golub Capital BDC Inc (NASDAQ:GBDC), Raymond James upgraded the previous rating of Market Perform to Outperform. Golub Capital BDC earned $0.44 in the third quarter, compared to $0.31 in the year-ago quarter. The current stock performance of Golub Capital BDC shows a 52-week-high of $14.50 and a 52-week-low of $11.95. Moreover, at the end of the last trading period, the closing price was at $14.38.
According to JP Morgan, the prior rating for DraftKings Inc (NASDAQ:DKNG) was changed from Underweight to Neutral. In the second quarter, DraftKings showed an EPS of $0.14, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $34.49 and a 52-week-low of $10.70. At the end of the last trading period, DraftKings closed at $31.71.
According to Roth MKM, the prior rating for LivePerson Inc (NASDAQ:LPSN) was changed from Neutral to Buy. For the second quarter, LivePerson had an EPS of $0.12, compared to year-ago quarter EPS of $0.98. At the moment, the stock has a 52-week-high of $18.17 and a 52-week-low of $3.19. LivePerson closed at $3.99 at the end of the last trading period.
For Equinor ASA (NYSE:EQNR), RBC Capital upgraded the previous rating of Sector Perform to Outperform. Equinor earned $0.73 in the second quarter, compared to $1.56 in the year-ago quarter. The current stock performance of Equinor shows a 52-week-high of $42.53 and a 52-week-low of $25.23. Moreover, at the end of the last trading period, the closing price was at $30.86.
According to Jefferies, the prior rating for Eli Lilly and Co (NYSE:LLY) was changed from Hold to Buy. For the second quarter, Eli Lilly had an EPS of $2.11, compared to year-ago quarter EPS of $1.25. The current stock performance of Eli Lilly shows a 52-week-high of $538.00 and a 52-week-low of $296.34. Moreover, at the end of the last trading period, the closing price was at $521.60.
According to Barclays, the prior rating for DISH Network Corp (NASDAQ:DISH) was changed from Underweight to Equal-Weight. In the second quarter, DISH Network showed an EPS of $0.31, compared to $0.82 from the year-ago quarter. The current stock performance of DISH Network shows a 52-week-high of $20.35 and a 52-week-low of $5.83. Moreover, at the end of the last trading period, the closing price was at $8.37.
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. The stock has a 52-week-high of $7.87 and a 52-week-low of $5.33. At the end of the last trading period, Calamos Glb Dynamic closed at $6.09.
According to HC Wainwright & Co., the prior rating for Decibel Therapeutics Inc (NASDAQ:DBTX) was changed from Buy to Neutral. For the first quarter, Decibel Therapeutics had an EPS of $0.53, compared to year-ago quarter EPS of $0.56. The current stock performance of Decibel Therapeutics shows a 52-week-high of $5.68 and a 52-week-low of $1.61. Moreover, at the end of the last trading period, the closing price was at $2.79.
Northland Capital Markets downgraded the previous rating for Vitesse Energy Inc (NYSE:VTS) from Outperform to Market Perform. Vitesse Energy earned $0.35 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.39 and a 52-week-low of $13.90. Vitesse Energy closed at $24.81 at the end of the last trading period.
According to BTIG, the prior rating for WeWork Inc (NYSE:WE) was changed from Buy to Neutral. For the second quarter, WeWork had an EPS of $0.21, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $5.93 and a 52-week-low of $0.16. WeWork closed at $0.21 at the end of the last trading period.
According to Macquarie, the prior rating for PubMatic Inc (NASDAQ:PUBM) was changed from Outperform to Neutral. For the second quarter, PubMatic had an EPS of $0.02, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $23.59 and a 52-week-low of $11.73. At the end of the last trading period, PubMatic closed at $18.56.
Stephens & Co. downgraded the previous rating for Stagwell Inc (NASDAQ:STGW) from Overweight to Equal-Weight. Stagwell earned $0.16 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Stagwell shows a 52-week-high of $9.23 and a 52-week-low of $5.16. Moreover, at the end of the last trading period, the closing price was at $6.45.
Ladenburg Thalmann downgraded the previous rating for WhiteHorse Finance Inc (NASDAQ:WHF) from Buy to Neutral. For the second quarter, WhiteHorse Finance had an EPS of $0.46, compared to year-ago quarter EPS of $0.33. The current stock performance of WhiteHorse Finance shows a 52-week-high of $15.19 and a 52-week-low of $10.68. Moreover, at the end of the last trading period, the closing price was at $13.10.
For SciPlay Corp (NASDAQ:SCPL), Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, SciPlay showed an EPS of $0.25, compared to $0.23 from the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of $20.19 and a 52-week-low of $10.69. Moreover, at the end of the last trading period, the closing price was at $19.65.
According to Northcoast Research, the prior rating for Shake Shack Inc (NYSE:SHAK) was changed from Buy to Neutral. In the second quarter, Shake Shack showed an EPS of $0.18, compared to $0.00 from the year-ago quarter. The current stock performance of Shake Shack shows a 52-week-high of $80.58 and a 52-week-low of $40.83. Moreover, at the end of the last trading period, the closing price was at $79.00.
According to Craig-Hallum, the prior rating for 8x8 Inc (NASDAQ:EGHT) was changed from Buy to Hold. In the first quarter, 8x8 showed an EPS of $0.13, compared to $0.09 from the year-ago quarter. The current stock performance of 8x8 shows a 52-week-high of $6.49 and a 52-week-low of $2.50. Moreover, at the end of the last trading period, the closing price was at $4.21.
Guggenheim downgraded the previous rating for Doximity Inc (NYSE:DOCS) from Buy to Neutral. For the first quarter, Doximity had an EPS of $0.19, compared to year-ago quarter EPS of $0.14. The current stock performance of Doximity shows a 52-week-high of $43.08 and a 52-week-low of $22.92. Moreover, at the end of the last trading period, the closing price was at $32.79.
According to Loop Capital, the prior rating for Expensify Inc (NASDAQ:EXFY) was changed from Buy to Hold. For the second quarter, Expensify had an EPS of $0.01, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $25.36 and a 52-week-low of $5.67. Expensify closed at $5.92 at the end of the last trading period.
According to Loop Capital, the prior rating for United Parcel Service Inc (NYSE:UPS) was changed from Buy to Hold. For the second quarter, United Parcel Service had an EPS of $2.54, compared to year-ago quarter EPS of $3.29. The current stock performance of United Parcel Service shows a 52-week-high of $209.34 and a 52-week-low of $154.91. Moreover, at the end of the last trading period, the closing price was at $180.55.
According to Goldman Sachs, the prior rating for International Flavors & Fragrances Inc (NYSE:IFF) was changed from Buy to Neutral. In the second quarter, Intl Flavors & Fragrances showed an EPS of $0.86, compared to $1.54 from the year-ago quarter. The stock has a 52-week-high of $129.17 and a 52-week-low of $62.28. At the end of the last trading period, Intl Flavors & Fragrances closed at $64.78.
UBS downgraded the previous rating for United Parcel Service Inc (NYSE:UPS) from Buy to Neutral. United Parcel Service earned $2.54 in the second quarter, compared to $3.29 in the year-ago quarter. The stock has a 52-week-high of $209.34 and a 52-week-low of $154.91. At the end of the last trading period, United Parcel Service closed at $180.55.
Oppenheimer downgraded the previous rating for PubMatic Inc (NASDAQ:PUBM) from Outperform to Perform. For the second quarter, PubMatic had an EPS of $0.02, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $23.59 and a 52-week-low of $11.73. PubMatic closed at $18.56 at the end of the last trading period.
Deutsche Bank downgraded the previous rating for Coupang Inc (NYSE:CPNG) from Buy to Hold. Coupang earned $0.08 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.38 and a 52-week-low of $12.66. Coupang closed at $17.89 at the end of the last trading period.
For Doximity Inc (NYSE:DOCS), Needham downgraded the previous rating of Buy to Hold. Doximity earned $0.19 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Doximity shows a 52-week-high of $43.08 and a 52-week-low of $22.92. Moreover, at the end of the last trading period, the closing price was at $32.79.
For Olaplex Holdings Inc (NASDAQ:OLPX), Telsey Advisory Group downgraded the previous rating of Outperform to Market Perform. For the second quarter, Olaplex Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. The current stock performance of Olaplex Hldgs shows a 52-week-high of $17.22 and a 52-week-low of $2.69. Moreover, at the end of the last trading period, the closing price was at $3.23.
According to JP Morgan, the prior rating for Celanese Corp (NYSE:CE) was changed from Overweight to Neutral. In the second quarter, Celanese showed an EPS of $2.17, compared to $4.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $128.50 and a 52-week-low of $86.73. Celanese closed at $125.33 at the end of the last trading period.
According to Daiwa Capital, the prior rating for Qualcomm Inc (NASDAQ:QCOM) was changed from Buy to Outperform. For the third quarter, Qualcomm had an EPS of $1.87, compared to year-ago quarter EPS of $2.96. At the moment, the stock has a 52-week-high of $152.90 and a 52-week-low of $101.47. Qualcomm closed at $117.66 at the end of the last trading period.
According to RBC Capital, the prior rating for AerSale Corp (NASDAQ:ASLE) was changed from Outperform to Sector Perform. For the second quarter, AerSale had an EPS of $0.03, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $21.74 and a 52-week-low of $13.73. At the end of the last trading period, AerSale closed at $14.60.
For ZipRecruiter Inc (NYSE:ZIP), Evercore ISI Group downgraded the previous rating of Outperform to Neutral. ZipRecruiter earned $0.14 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $24.05 and a 52-week-low of $13.68. At the end of the last trading period, ZipRecruiter closed at $17.39.
For 2U Inc (NASDAQ:TWOU), Baird downgraded the previous rating of Outperform to Neutral. For the second quarter, 2U had an EPS of $0.18, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $13.15 and a 52-week-low of $3.34. At the end of the last trading period, 2U closed at $4.28.
According to Baird, the prior rating for Lulus Fashion Lounge Holdings Inc (NASDAQ:LVLU) was changed from Outperform to Neutral. Lulus Fashion Lounge earned $0.07 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Lulus Fashion Lounge shows a 52-week-high of $8.15 and a 52-week-low of $1.90. Moreover, at the end of the last trading period, the closing price was at $2.45.
Piper Sandler downgraded the previous rating for Sovos Brands Inc (NASDAQ:SOVO) from Overweight to Neutral. At the moment, the stock has a 52-week-high of $22.63 and a 52-week-low of $12.74. Sovos Brands closed at $22.52 at the end of the last trading period.
According to JP Morgan, the prior rating for Western Midstream Partners LP (NYSE:WES) was changed from Overweight to Neutral. In the second quarter, Western Midstream showed an EPS of $0.64, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $29.11 and a 52-week-low of $23.24. At the end of the last trading period, Western Midstream closed at $27.98.
For SciPlay Corp (NASDAQ:SCPL), DA Davidson downgraded the previous rating of Buy to Neutral. In the second quarter, SciPlay showed an EPS of $0.25, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.19 and a 52-week-low of $10.69. SciPlay closed at $19.65 at the end of the last trading period.
According to Wolfe Research, the prior rating for Bentley Systems Inc (NASDAQ:BSY) was changed from Outperform to Peer Perform. For the second quarter, Bentley Systems had an EPS of $0.24, compared to year-ago quarter EPS of $0.22. The current stock performance of Bentley Systems shows a 52-week-high of $55.37 and a 52-week-low of $30.51. Moreover, at the end of the last trading period, the closing price was at $50.65.
Roth MKM downgraded the previous rating for Veritone Inc (NASDAQ:VERI) from Neutral to Sell. For the second quarter, Veritone had an EPS of $0.35, compared to year-ago quarter EPS of $0.20. The current stock performance of Veritone shows a 52-week-high of $10.99 and a 52-week-low of $2.98. Moreover, at the end of the last trading period, the closing price was at $4.00.
JMP Securities downgraded the previous rating for Expensify Inc (NASDAQ:EXFY) from Market Outperform to Market Perform. In the second quarter, Expensify showed an EPS of $0.01, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.36 and a 52-week-low of $5.67. Expensify closed at $5.92 at the end of the last trading period.
Stifel downgraded the previous rating for Datadog Inc (NASDAQ:DDOG) from Buy to Hold. Datadog earned $0.36 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $120.71 and a 52-week-low of $61.34. At the end of the last trading period, Datadog closed at $88.04.
For Morphic Holding Inc (NASDAQ:MORF), Stifel downgraded the previous rating of Buy to Hold. For the second quarter, Morphic Holding had an EPS of $0.92, compared to year-ago quarter EPS of $0.68. The current stock performance of Morphic Holding shows a 52-week-high of $63.08 and a 52-week-low of $23.13. Moreover, at the end of the last trading period, the closing price was at $58.26.
For Thoughtworks Holding Inc (NASDAQ:TWKS), RBC Capital downgraded the previous rating of Outperform to Sector Perform. For the second quarter, Thoughtworks Holding had an EPS of $0.03, compared to year-ago quarter EPS of $0.11. The current stock performance of Thoughtworks Holding shows a 52-week-high of $17.44 and a 52-week-low of $4.60. Moreover, at the end of the last trading period, the closing price was at $5.21.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Ladenburg Thalmann initiated coverage on Southern Co (NYSE:SO). The price target seems to have been set at $72.00 for Southern. For the second quarter, Southern had an EPS of $0.79, compared to year-ago quarter EPS of $1.07. At the moment, the stock has a 52-week-high of $80.52 and a 52-week-low of $58.85. Southern closed at $68.81 at the end of the last trading period.
Maxim Group initiated coverage on Aytu BioPharma Inc (NASDAQ:AYTU) with a Buy rating. The price target for Aytu BioPharma is set to $5.00. For the third quarter, Aytu BioPharma had an EPS of $1.93, compared to year-ago quarter EPS of $5.40. The current stock performance of Aytu BioPharma shows a 52-week-high of $12.10 and a 52-week-low of $1.38. Moreover, at the end of the last trading period, the closing price was at $1.64.
With a Buy rating, HC Wainwright & Co. initiated coverage on Phathom Pharmaceuticals Inc (NASDAQ:PHAT). The price target seems to have been set at $28.00 for Phathom Pharmaceuticals. Phathom Pharmaceuticals earned $0.89 in the first quarter, compared to $1.07 in the year-ago quarter. The current stock performance of Phathom Pharmaceuticals shows a 52-week-high of $15.60 and a 52-week-low of $5.84. Moreover, at the end of the last trading period, the closing price was at $14.72.
Stifel initiated coverage on RAPT Therapeutics Inc (NASDAQ:RAPT) with a Buy rating. The price target for RAPT Therapeutics is set to $40.00. For the first quarter, RAPT Therapeutics had an EPS of $0.76, compared to year-ago quarter EPS of $0.69. The current stock performance of RAPT Therapeutics shows a 52-week-high of $32.22 and a 52-week-low of $15.66. Moreover, at the end of the last trading period, the closing price was at $22.58.
