Oppenheimer initiated coverage on Ashford with a new price target
$AINC
Professional Services
Consumer Discretionary
Oppenheimer initiated coverage of Ashford with a rating of Outperform and set a new price target of $28.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/14/2022 | $28.00 | Outperform | Oppenheimer |
DALLAS, July 31, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company"), today announced that in connection with its previously announced plan to withdraw and delist its common stock from trading on the NYSE American LLC stock exchange (the "NYSE American") under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company effected a 1-for-10,000 reverse stock split of the Company's common stock (the "Reverse Stock Split") followed immediately by a 10,000-for-1 forward stock split of the Company's common stock (the "Forward Stock Split," together with the Reverse Stock Split, the "Transaction"), on July 29, 2024 at 5:01 p.m. Eastern Time and 5:02 p.m.
COMPANY TO TERMINATE REGISTRATION OF ITS COMMON STOCK DALLAS, July 22, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company"), today announced that at the Special Meeting of Stockholders held on July 22, 2024, the Company's stockholders voted to approve proposals to effect a 1-for-10,000 reverse stock split of the Company's common stock, which will be followed immediately by a 10,000-for-1 forward stock split, and to adopt a waiver on the prohibition on Rule 13e-3 transactions contained in Section 3.03 of the Investor Rights Agreement entered into as of November 6, 2019 by and among the Company, Archie Bennett, Jr., Monty J. Bennett and certain other parties. The last d
DALLAS, April 1, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the "Reverse Stock Split") immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the "NYSE American") (the "Proposed Transaction"). It is expected that this plan would be initiated in the summer of 2024, subje
Ashford (AMEX:AINC) reported quarterly earnings of $1.99 per share. This is a 19.16 percent increase over earnings of $1.67 per share from the same period last year. The company reported quarterly sales of $209.134 million which beat the analyst consensus estimate of $199.700 million by 4.72 percent. This is a 12.97 percent increase over sales of $185.122 million the same period last year.
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Ashford The Trade: Ashford Inc. (NYSE:AINC) CEO and Chairman of the Board Monty J Bennett acquired a total of 200,000 shares
AINC: 89% | Ashford shares are trading higher. The company announced it approved a reverse stock split and delisting strategy. PIK: 100% | Kidpik shares are trading higher after the company entered a merger agreement with Nina Footwear. ACOR: -77% | Acorda Therapeutics shares are trading lower after the company commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code.
Oppenheimer initiated coverage of Ashford with a rating of Outperform and set a new price target of $28.00
4 - Ashford Inc. (0001604738) (Issuer)
4 - Ashford Inc. (0001604738) (Issuer)
4 - Ashford Inc. (0001604738) (Issuer)
4 - Ashford Inc. (0001604738) (Issuer)
10-Q - Ashford Inc. (0001604738) (Filer)
15-12G - Ashford Inc. (0001604738) (Filer)
8-K - Ashford Inc. (0001604738) (Filer)
INSPIRE, a global event solutions company owned by Ashford Inc. (NYSE:AINC), is pleased to announce the appointment of Sayi Puligandla as Chief Operating Officer. DALLAS, Feb. 7, 2023 /PRNewswire-PRWeb/ -- INSPIRE, a global event solutions company owned by Ashford Inc. (NYSE:AINC), is pleased to announce the appointment of Sayi Puligandla as Chief Operating Officer. In this position, Puligandla will oversee human resources, hospitality operations, information technology, and other projects to support the entire organization. Puligandla brings to INSPIRE an extensive background in the hospitality industry and valuable experience in data, analytics, and building efficient operational units for
DALLAS, May 23, 2022 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly owned subsidiary of Ashford Inc. (NYSE:AINC) ("Ashford"), is pleased to announce that Ben Hilgers has been promoted to Senior Vice President, National Sales Manager. C. Jay Steigerwald III, President and Head of Distribution at Ashford Securities commented, "I have known Ben for almost twenty years and am excited to have him lead our sales efforts. Ben has a tremendous amount of experience with multiple types of products and, more importantly, has a great reputation in the industry. Ben's affable nature is complemented by his creativity and strategic thinking. We look forward to his leadership drivin
DALLAS, Dec. 16, 2021 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE:AINC) ("Ashford"), is excited to announce the appointment of Bart Malcom as Senior Vice President, Head of Due Diligence. In his new role, Bart is responsible for all aspects of due diligence for Ashford's alternative investment products. "Bart is an important addition to our team and we are excited to have him on board. With the skill sets and relationships he has fostered throughout his career, Bart has a great reputation in the industry, and
DALLAS, April 1, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the "Reverse Stock Split") immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the "NYSE American") (the "Proposed Transaction"). It is expected that this plan would be initiated in the summer of 2024, subje
DALLAS, March 26, 2024 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 12:00 p.m. ET. The number to call for this interactive teleconference is (646) 960-0375. A replay of the conference call will be available through Thursday, May 16, 2024, by dialing (609) 800-9909 and entering the confirmation number, 1818099. The live broadcast of Ashford's quarterly conference call will be available online a
DALLAS, Dec. 27, 2023 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023. Ashford plans to issue its earnings release for the fourth quarter after the market closes on Thursday, February 29, 2024, and will host a conference call on Friday, March 1, 2024, at 12:00 p.m. ET. The number to call for this interactive teleconference is (646) 960-0375. A replay of the conference call will be available through Friday, March 8, 2024, by dialing (647) 362-9199 and entering the confirmation number, 1818099. The live broadcast of Ashford's quarterly conference call will be available o
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