Mizuho downgraded WeWork from Buy to Neutral and set a new price target of $0.30 from $1.75 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2023 | Buy → Neutral | BTIG Research | |
| 5/17/2023 | $1.75 → $0.30 | Buy → Neutral | Mizuho |
| 11/4/2022 | $7.50 | Buy | BTIG Research |
| 10/24/2022 | $8.00 | Overweight | Cantor Fitzgerald |
| 6/29/2022 | $6.50 | Neutral | UBS |
| 6/23/2022 | $11.00 | Outperform | Credit Suisse |
| 4/22/2022 | $9.00 | Buy | Mizuho |
| 4/19/2022 | $10.00 | Overweight | Piper Sandler |
BTIG Research downgraded WeWork from Buy to Neutral
Mizuho downgraded WeWork from Buy to Neutral and set a new price target of $0.30 from $1.75 previously
BTIG Research initiated coverage of WeWork with a rating of Buy and set a new price target of $7.50
WeWork spaces remain open and operational and the Company will continue to provide its signature member experience Company enters into Restructuring Support Agreement with strong support from key financial stakeholders to drastically reduce its existing funded debt WeWork Inc. (NYSE:WE) ("WeWork" or "the Company"), the leading global flexible space provider, today announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial stakeholders and has entered into a Restructuring Support Agreement ("RSA") with holders re
Cole Capital Funds sent the following letter to the Board of Directors of WeWork, Inc. We believe that it is in the best interest of WeWork to support our acquisition of 51% of all the outstanding shares owned by minority shareholders at a price of $9.00 per share and provide Cole with proper representation on the company board. We have received feedback from City National Bank and JP Morgan regarding the financing for this acquisition and expect to select a lender and have a financing commitment prior to execution of a definitive agreement. We have consulted with God, legal, financial and other advisors to assist us with this transaction. We stand ready to proceed timely. In ad
Company's Strategic Transformation Efforts Continue WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that David Tolley has been named Chief Executive Officer. Tolley has served as a WeWork Board Member since February 2023 and as interim Chief Executive Officer since May 2023. "WeWork's ability to define and lead an evolving world of work is a direct result of the tenacity and hard work of our employees who have built an exceptional product, member experience, and brand," said Tolley. "As companies continue to rethink their office strategies, and demand for flexible office space continues to grow, WeWork offers a unique suite
SC 13D/A - WeWork Inc. (0001813756) (Subject)
SC 13D/A - WeWork Inc. (0001813756) (Subject)
SC 13D/A - WeWork Inc. (0001813756) (Subject)
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4 - WeWork Inc. (0001813756) (Issuer)
WeWork Inc (NYSE:WE) shares are in the spotlight Tuesday after the company filed for bankruptcy. What Happened: Late Monday, WeWork announced it filed for Chapter 11 bankruptcy protection and commenced a comprehensive reorganization to strengthen its capital structure and financial performance. The company noted that it had entered into agreements with approximately 92% of its secured note holders and intends to cut its commercial office lease portfolio. WeWork's bankruptcy filing shows liabilities ranging from $10 billion to $50 billion. The bankruptcy is limited to WeWork locations in the U.S. and Canada. "Now is the time for us to pull the future forward by aggressively addressing
Office-space provider, WeWork (NYSE:WE), has filed for Chapter 11 bankruptcy protection, as it faces liabilities between $10 billion and $50 billion. The filing is limited to the company’s locations in the U.S. and Canada, CNBC reported. The firm stated that it had entered into agreements with a majority of its secured noteholders and plans to cut “non-operational” leases. “We remain committed to investing in our products, services, and world-class team of employees to support our community,” said WeWork CEO David Tolley. See Also: Bitcoin, Ethereum, Dogecoin Mixed As Rally Hits Pause: Analyst Says Apex Crypto ‘A Brain Dead Play’ Now, Investors Lucky If They ‘Get A Dip Below This Le
WeWork Inc (NYSE:WE) shares are trading higher Monday amid increased volatility in the stock following the circulation of a fraudulent press release. What To Know: On Friday, a press release suggesting Cole Capital Funds was seeking to acquire 51% of WeWork's minority ownership shares for $9 per share in cash made the rounds. The press release has since been deemed fake. The fraudulent press release detailed a letter that Cole Capital supposedly sent to WeWork's board. "Our vision for the company involves a significant expansion of the offerings available to the growing WeWork community, including additional properties which are under consideration in markets across the United States. We
WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that on Tuesday, August 8, 2023, it will issue financial results for the second quarter ending June 30, 2023. The company will conduct a conference call at 8:00 A.M. EDT on Wednesday, August 9, 2023, following the release of its earnings materials. Earnings call details will be available on WeWork's Investor Relations website at investors.wework.com. Questions must be submitted in advance to [email protected]. A replay of the conference call will be available at the same website after the call. The company's financial results and earnings release will be available on WeWork's Investor Relatio
WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that on Tuesday, May 9, 2023, it will issue financial results for the first quarter ending March 31, 2023. The company will conduct a conference call at 8:00 AM ET, following the release of its earnings materials. Earnings call details, the company's earnings release, and related materials will be available on WeWork's Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission,
Preserving long-term stockholder value by adopting a Section 382 rights plan intended to protect tax assets by reducing the likelihood of an ownership change (as defined in the Internal Revenue Code) Tax Asset Preservation Plan in effect immediately to deter any person or group from acquiring beneficial ownership of 4.9% or more of WeWork's outstanding Class A common stock and compromising the availability of WeWork's NOLs and other tax attributes WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that its Board of Directors (the "Board") has adopted a stockholder rights plan designed to protect long-term stockholder value by preserving the
Company's Strategic Transformation Efforts Continue WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that David Tolley has been named Chief Executive Officer. Tolley has served as a WeWork Board Member since February 2023 and as interim Chief Executive Officer since May 2023. "WeWork's ability to define and lead an evolving world of work is a direct result of the tenacity and hard work of our employees who have built an exceptional product, member experience, and brand," said Tolley. "As companies continue to rethink their office strategies, and demand for flexible office space continues to grow, WeWork offers a unique suite
WeWork Inc. (NYSE:WE), the leading global flexible space provider, today announced the appointment of Paul Aronzon, Founder of PSA Consulting; Paul Keglevic, former CEO, CFO and CRO of Energy Future Holdings; Elizabeth LaPuma, former Managing Director, Head of Balance Sheet Advisory at UBS, and Henry Miller, a Co-founder and retired Partner of Marblegate Asset Management, LLC, to the WeWork Board of Directors with immediate effect. "These new director appointments bring a fresh perspective and renewed commitment to the Board and our company," said David Tolley, Interim Chief Executive Officer of WeWork. "The deep financial expertise and robust business experience that each of our new dire
WeWork Inc. (NYSE:WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWork's Board of Directors, effective June 23, 2022. He succeeds Jeffrey Sine, co-founder and partner of The Raine Group, who served on WeWork's Board since October 2019. With more than three decades of experience transforming public and private businesses in the retail real estate industry, Hurwitz will bring exceptional insight to WeWork's Board of Directors. Before co-founding Raider Hill Advisors, Hurwitz spent 16 years at SITE Centers (NYSE:SITC) – formerly known as DDR Corp. – serving in various executive roles, including Chief Ex
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)