Sunrun Inc. (NASDAQ:RUN – Get Rating)’s share price gapped up before the market opened on Thursday after Evercore ISI raised their price target on the stock from $64.00 to $67.00. The stock had previously closed at $30.74, but opened at $33.08. Sunrun shares last traded at $32.44, with a volume of 130,397 shares traded.
Western Union (NYSE:WU – Get Rating) had its target price reduced by equities researchers at Northland Securities from $24.00 to $22.00 in a research report issued on Thursday, The Fly reports. Northland Securities’ price target suggests a potential upside of 35.38% from the company’s current price.
SolarEdge Technologies (NASDAQ:SEDG – Get Rating) had its price target lifted by equities researchers at Oppenheimer from $334.00 to $400.00 in a research note issued on Wednesday, The Fly reports. Oppenheimer’s target price indicates a potential upside of 35.52% from the company’s previous close.
Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,310,000 shares, an increase of 17.9% from the June 30th total of 1,960,000 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average trading volume of 994,600 shares, the short-interest ratio is presently 2.3 days.
Paycom Software (NYSE:PAYC – Get Rating) had its price target boosted by stock analysts at Stifel Nicolaus from $375.00 to $400.00 in a research note issued on Wednesday, The Fly reports. Stifel Nicolaus’ target price points to a potential upside of 13.36% from the company’s current price.
Fresnillo (LON:FRES – Get Rating) had its target price reduced by equities research analysts at Citigroup from GBX 620 ($7.60) to GBX 560 ($6.86) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm currently has an “underperform” rating on the stock. Citigroup’s price objective would suggest a potential downside of 17.89% from the stock’s previous close.
Renasant Co. (NASDAQ:RNST – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,480,000 shares, a growth of 19.4% from the June 30th total of 1,240,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 251,300 shares, the short-interest ratio is currently 5.9 days.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on RNST shares. Truist Financial upped their price target on shares of Renasant from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday. Hovde Group upgraded shares of Renasant from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Tuesday, June 21st. Finally, Piper Sandler decreased their target price on shares of Renasant to $32.50 in a research report on Monday, July 4th.
Renasant Stock Performance
Shares of RNST opened at $32.74 on Wednesday. Renasant has a 52-week low of $27.61 and a 52-week high of $40.79. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.83 billion, a PE ratio of 12.22 and a beta of 1.13. The firm has a 50-day moving average price of $30.09 and a 200 day moving average price of $32.69.
Institutional Investors Weigh In On Renasant
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its holdings in Renasant by 2.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,803 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 445 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Renasant by 99.3% in the 2nd quarter. SG Americas Securities LLC now owns 11,667 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 5,813 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Renasant by 22.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 26,726 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 4,876 shares during the last quarter. Versor Investments LP acquired a new stake in Renasant in the 2nd quarter valued at about $477,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Renasant in the 2nd quarter valued at about $469,000. 78.65% of the stock is owned by institutional investors and hedge funds.
About Renasant
Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities.
MarketWise, Inc. (NASDAQ:MKTW – Get Rating) shares gapped up before the market opened on Monday after an insider bought additional shares in the company. The stock had previously closed at $2.85, but opened at $3.03. MarketWise shares last traded at $3.02, with a volume of 177 shares. Specifically, major shareholder Frank Porter Stansberry acquired 20,770 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were bought at an average price of $2.45 per share, for a total transaction of $50,886.50. Following the completion of the transaction, the insider now owns 260,158 shares of the company’s stock, valued at approximately $637,387.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have acquired 712,495 shares of company stock worth $1,892,832. Corporate insiders own 22.63% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on MKTW. JMP Securities reduced their target price on MarketWise from $14.00 to $13.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 7th. Oppenheimer reduced their target price on MarketWise from $10.00 to $5.00 in a research note on Tuesday, May 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, MarketWise currently has an average rating of “Moderate Buy” and a consensus target price of $7.42.
MarketWise Stock Performance
The stock has a 50 day moving average price of $3.20 and a 200-day moving average price of $4.09.
MarketWise (NASDAQ:MKTW – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The newsletter publisher reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.25. The company had revenue of $136.80 million for the quarter, compared to the consensus estimate of $118.63 million. On average, sell-side analysts anticipate that MarketWise, Inc. will post 0.27 EPS for the current fiscal year.
Institutional Trading of MarketWise
Several large investors have recently modified their holdings of MKTW. Phraction Management LLC purchased a new stake in MarketWise in the fourth quarter worth about $677,000. Royce & Associates LP lifted its holdings in shares of MarketWise by 272.8% during the fourth quarter. Royce & Associates LP now owns 186,400 shares of the newsletter publisher’s stock valued at $1,405,000 after purchasing an additional 136,400 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of MarketWise during the fourth quarter valued at approximately $125,000. Divisadero Street Capital Management LP purchased a new position in shares of MarketWise during the fourth quarter valued at approximately $3,290,000. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of MarketWise by 44.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,468,900 shares of the newsletter publisher’s stock valued at $11,076,000 after purchasing an additional 452,300 shares during the last quarter. 65.75% of the stock is owned by institutional investors.
About MarketWise
MarketWise, Inc operates a multi-brand platform of subscription businesses that provides financial research, software, education, and tools for investors in the United States and Internationally. The company offers a portfolio of independent investment research, as well as various software and analytical tools on a subscription basis.
Clarus Co. (NASDAQ:CLAR – Get Rating) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 4,760,000 shares, a growth of 19.3% from the June 30th total of 3,990,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is currently 3.5 days. Currently, 21.8% of the company’s stock are sold short.
Shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) have been assigned an average recommendation of “Hold” from the twenty-four research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $132.32.
ETSY has been the topic of a number of recent research reports. Raymond James upped their target price on Etsy from $100.00 to $115.00 and gave the stock a “maintains” rating in a research note on Thursday, July 28th. JMP Securities reaffirmed a “mkt outperform” rating and issued a $125.00 price target on shares of Etsy in a report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Etsy from $100.00 to $90.00 in a report on Thursday, July 21st. KeyCorp initiated coverage on Etsy in a report on Wednesday, July 20th. They set a “sector weight” rating for the company. Finally, Needham & Company LLC lowered Etsy from a “buy” rating to a “hold” rating in a research report on Monday, June 27th.
Etsy Price Performance
Shares of Etsy stock opened at $104.44 on Wednesday. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 4.80 and a beta of 1.88. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a 50 day moving average price of $83.74 and a 200-day moving average price of $110.63. Etsy has a one year low of $67.01 and a one year high of $307.75.
Etsy (NASDAQ:ETSY – Get Rating) last issued its earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. The business had revenue of $585.20 million during the quarter, compared to analyst estimates of $556.85 million. Etsy had a return on equity of 67.88% and a net margin of 17.01%. Etsy’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Equities analysts expect that Etsy will post 2.19 EPS for the current year.
Insider Activity at Etsy
In other Etsy news, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $81.34, for a total value of $1,695,939.00. Following the completion of the transaction, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at $8,354,187.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Rachel C. Glaser sold 6,080 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $95.00, for a total value of $577,600.00. Following the sale, the chief financial officer now owns 42,709 shares of the company’s stock, valued at $4,057,355. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Josh Silverman sold 20,850 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $81.34, for a total transaction of $1,695,939.00. Following the sale, the chief executive officer now directly owns 102,707 shares in the company, valued at $8,354,187.38. The disclosure for this sale can be found here. Insiders sold 111,280 shares of company stock valued at $9,120,392 in the last ninety days. Insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On Etsy
Several institutional investors and hedge funds have recently modified their holdings of ETSY. Vanguard Group Inc. lifted its holdings in shares of Etsy by 0.9% in the first quarter. Vanguard Group Inc. now owns 13,703,486 shares of the specialty retailer’s stock worth $1,703,069,000 after acquiring an additional 118,034 shares during the last quarter. Capital World Investors raised its holdings in Etsy by 13.4% during the 1st quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock worth $429,669,000 after purchasing an additional 409,540 shares during the last quarter. Flossbach Von Storch AG raised its holdings in Etsy by 6.5% during the 1st quarter. Flossbach Von Storch AG now owns 2,788,570 shares of the specialty retailer’s stock worth $346,563,000 after purchasing an additional 170,402 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Etsy by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,452,354 shares of the specialty retailer’s stock worth $304,779,000 after buying an additional 120,910 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Etsy by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 2,416,793 shares of the specialty retailer’s stock worth $527,854,000 after buying an additional 94,302 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.
Etsy Company Profile
Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.
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