Shares of Uber Technologies (NYSE:UBER) jumped 11.5% on Tuesday after the ridesharing giant boosted its financial forecast.
Uber now expects to generate earnings before interest, taxes, depreciation, and amortization (EBITDA) of negative $25 million in the third quarter. That’s up from a prior estimate of “better than a loss of $100 million.”
Importantly, Uber said in a financial filing that its profit margins are improving in both its ride-hailing mobility segment and Uber Eats delivery business. Delivery has seen particularly strong growth during the pandemic, with many people choosing to eat at home rather than inside restaurants due to COVID-19.
Image source: Getty Images.
Best Financial Stocks For 2023: PennyMac Mortgage Investment Trust(PMT)
PennyMac Mortgage Investment Trust is based in the United States.
- [By Stephan Byrd]
Pennymac Mortgage Investment (NYSE:PMT) shares reached a new 52-week high and low on Monday . The company traded as low as $18.60 and last traded at $18.62, with a volume of 19306 shares changing hands. The stock had previously closed at $18.50.
- [By Stephan Byrd]
Pennymac Mortgage Investment (NYSE:PMT) – Equities researchers at Wedbush lifted their Q1 2019 earnings per share estimates for shares of Pennymac Mortgage Investment in a research note issued to investors on Thursday, May 10th. Wedbush analyst J. Weaver now anticipates that the real estate investment trust will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.34. Wedbush also issued estimates for Pennymac Mortgage Investment’s Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.74 EPS.
Best Financial Stocks For 2023: Special Opportunities Fund Inc.(SPE)
Special Opportunities Fund, Inc. is a close-ended fund of funds launched and managed by Brooklyn Capital Management LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was previously known as Insured Municipal Income Fund, Inc. Special Opportunities Fund, Inc. was formed on February 18, 1993 and is domiciled in the United States.
- [By Ethan Ryder]
Special Opportunities Fund, Inc. (NYSE:SPE) insider Gerald Hellerman bought 1,000 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was purchased at an average cost of $14.47 per share, with a total value of $14,470.00. Following the completion of the transaction, the insider now directly owns 22,793 shares of the company’s stock, valued at $329,814.71. The transaction was disclosed in a filing with the SEC, which is available through this link.
- [By Max Byerly]
Spartan Energy (TSE:SPE) insider Albert Jason Stark sold 21,706 shares of Spartan Energy stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of C$6.48, for a total transaction of C$140,654.88.
Best Financial Stocks For 2023: Root, Inc.(ROOT)
Root, Inc. provides insurance products and services in the United States. The company offers auto, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.
- [By Thomas Niel]
These smart moves now, which include partnering with commercial vehicle heavyweights like Oshkosh (NYSE:OSK) could pay off big time down the road. It’s pulling back from its recent Reddit pop, but back at around $9 per share, consider it one of the top “meme stocks” to buy.
Root (ROOT) Source: Jirsak / Shutterstock.com
Down more than 80% since its debut last fall, why would you want to follow the lead of Reddit traders, and jump into ROOT stock? At first glance, shares in this insurance tech company, which like Lemonade (NASDAQ:LMND) is using artificial intelligence (AI) to beat old school insurers at their own game, may not look so appealing.
- [By Ethan Ryder]
A number of research firms have changed their ratings and price targets for Roots (TSE: ROOT):
9/13/2018 – Roots had its price target lowered by analysts at Royal Bank of Canada from C$13.00 to C$10.00. They now have a “sector perform” rating on the stock. 9/13/2018 – Roots had its price target lowered by analysts at TD Securities from C$17.00 to C$15.00. They now have an “action list buy” rating on the stock. 9/13/2018 – Roots had its price target lowered by analysts at Canaccord Genuity from C$16.00 to C$12.00. 9/13/2018 – Roots had its price target lowered by analysts at CIBC from C$13.00 to C$10.00. 9/10/2018 – Roots had its price target lowered by analysts at National Bank Financial from C$14.50 to C$13.50. They now have an “outperform” rating on the stock. 8/28/2018 – Roots had its “action list buy” rating reaffirmed by analysts at TD Securities. They now have a C$17.00 price target on the stock.
Shares of TSE:ROOT opened at C$6.22 on Monday. Roots Corp has a 1-year low of C$6.14 and a 1-year high of C$13.55.
- [By Logan Wallace]
Roots (TSE:ROOT) has been given a C$17.00 target price by stock analysts at TD Securities in a report released on Tuesday. The firm presently has an “action list buy” rating on the stock. TD Securities’ price target suggests a potential upside of 64.73% from the company’s previous close.
- [By Max Byerly]
Roots (TSE:ROOT) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$14.56.
Best Financial Stocks For 2023: PS Business Parks Inc.(PSB)
PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. As of December 31, 2007, the company owned and operated approximately 19.6 million rentable square feet of commercial space located in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and Washington, as well as managed approximately 1.4 million rentable square feet. It also owned approximately 6.4 acres of land in Northern Virginia; 14.9 acres in Portland, Oregon; and 10.0 acres in Dallas, Texas for the development of commercial properties. PS Business Parks has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1983. It was formerly known as P ublic Storage Properties XI, Inc. and changed its name to PS Business Parks, Inc. in 1998. The company is based in Glendale, California.
- [By Shane Hupp]
Get a free copy of the Zacks research report on PS Business Parks (PSB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
PS Business Parks (NYSE: PSB) and Apollo Commercial Real Est. Finance (NYSE:ARI) are both mid-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, valuation, dividends, institutional ownership, profitability, earnings and risk.