Mark Nelson

Latest Waddell & Reed Financial, Inc. (NYSE:WDR) Target Price Suggests Stock Is Worth $21.63/Share

Waddell & Reed Financial, Inc. (WDR) down -0.38 per cent in the past week, is under coverage of 10 analysts who collectively recommend a sell rating on stock. 2 of the analysts have a buy or better rating; the 1 sells versus 3 underperforms. The 8 equity analysts who rate the stock have an average target price at $21.63, with individual targets ranging between $16 and $29. The shares closed last trade at $21.01, implying that analysts see shares rising about 2.95 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are -23.9 down so far this year. A Director at Waddell & Reed Financial, Inc. (WDR) sold shares in the company in a transaction completed on Monday August 03, 2015. Raines James M offloaded 3,000 shares in the company at an average price of $44.96 and ended up generating $134,880 in proceeds. Raines James M retains 12,021 shares in the company after this transaction. A Director in the company, Logue Dennis E, on Tuesday May 26, 2015 collected $130,410 from the sale of 2,700 shares at $44.96 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering WDR stock at the going market price of $21.01/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.53 in earnings per share (EPS). That would represent a -33.75% year-over-year decrease. Revenue for the same period is expected to arrive at $314.5M.

Earnings Roundup: In the last fiscal quarter alone, Waddell & Reed Financial, Inc. generated around $323.82M in revenue and net income of $0.45/share. That compares with the consensus estimate $328.13M and $0.56/share, respectively. For the prior quarter revenue for the company hit $361.07M, with earnings at $0.76/share.

Analyst Coverage: BofA/Merrill has been a brokerage house following shares of Waddell & Reed Financial, Inc. (WDR), so its rating change is noteworthy. The stock was downgraded to Underperform from Neutral, wrote analysts at BofA/Merrill, in a note issued to clients on Tuesday March 15, 2016. There was another key note issued by Credit Suisse on Monday January 04, 2016. The firm lowered its rating on WDR from Neutral to Underperform.

Price Momentum: Despite the -2.6% decrease in value, the stock’s new closing price represents a -55.61% fall in value from company’s one year high of $50.22. The stock is currently holding above its 50 day moving average of $-0.78 and above its 200 day moving average of $20.67. Over the last three months and over the last six months, the shares of Waddell & Reed Financial, Inc. (WDR), have changed -24.21% and 24.81%, respectively.

 

Pre-Market Stocks Roundup: Tesco Corporation (USA)(NASDAQ:TESO), Ambarella Inc(NASDAQ:AMBA)

Tesco Corporation (USA) (NASDAQ:TESO) stock dropped -6.84% in today’s pre market session with the price of $7.36. Over the last one month and over the past three months, Tesco Corporation shares gained 0.61% and 8.99%, respectively. Furthermore, the stock has gained 10.94% since the start of this year. The company’s shares are trading 1.85% above their 50-day moving average. Additionally, Tesco Corporation has an RSI of 52.35 and beta of 1.06.

Tesco Corporation June 8, 2016 announced that it has priced its underwritten public offering of 7,000,000 common shares of the Company at a price to the public of $7.00 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares at the offering price (less the underwriting discounts).  The Company expects to close the sale of the common shares on June 14, 2016, subject to customary closing conditions.

The Company intends to use the net proceeds of the offering for general corporate purposes, which could include working capital, capital expenditures, acquisitions or other initiatives.

BofA Merrill Lynch is acting as the sole book-running manager for the offering.

The Company has filed a registration statement including a prospectus and a prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request from BofA Merrill Lynch, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC  28255-0001, email dg.prospectus_requests@baml.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Ambarella Inc(NASDAQ:AMBA) stock on Friday’s pre market session gained 0.60% at price of $52.50. Over the last one month and the previous three months, Ambarella Inc’s shares gained 35.76% and 31.86%, respectively. Additionally, the stock has dropped -6.82% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by 24.46% and 2.28%, respectively.

Ambarella, Inc. (AMBA), a leading developer of low-power, HD and Ultra HD video compression and image processing semiconductors, June 2, 2016 announced financial results for its first quarter of fiscal year 2017 ended April 30, 2016.

Revenue for the first quarter of fiscal 2017 was $57.2 million, down 19.5% from $71.0 million in the same period in fiscal 2016.

Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2017 was 64.2%, compared with 64.7% for the same period in fiscal 2016.

GAAP net income for the first quarter of fiscal 2017 was $1.8 million, or $0.05 per diluted ordinary share, compared with GAAP net income of $18.9 million, or $0.56 per diluted ordinary share, for the same period in fiscal 2016.

Financial results on a non-GAAP basis for the first quarter of fiscal 2017 are as follows:

Gross margin on a non-GAAP basis for the first quarter of fiscal 2017 was 64.6%, compared with 64.8% for the same period in fiscal 2016.

Non-GAAP net income for the first quarter of fiscal 2017 was $11.4 million, or $0.34 per diluted ordinary share. This compares with non-GAAP net income of $23.7 million, or $0.71 per diluted ordinary share, for the same period in fiscal 2016.

Ambarella reports gross margin, net income and earnings per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information for the first fiscal quarter excludes the impact of stock-based compensation adjusted for the associated tax impact which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income and earnings per share numbers for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.

Total cash, cash equivalents and marketable securities on hand at the end of the first fiscal quarter of 2017 was $323.8 million, compared with $235.2 million at the end of the same quarter a year ago.

Current LifeLock, Inc. (NYSE:LOCK) PT Means Stock Is Worth Almost $20

LifeLock, Inc. (LOCK) up 12.05 per cent in the past week, is under coverage of 8 analysts who collectively recommend a hold rating on stock. 5 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 7 equity analysts who rate the stock have an average target price at $16.21, with individual targets ranging between $14 and $20. The shares closed last trade at $14.6, implying that analysts see shares rising about 11.03 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 1.74 up so far this year. A EXECUTIVE VICE CHAIRMAN at LifeLock, Inc. (LOCK) sold shares in the company in a transaction completed on Thursday June 02, 2016. Davis Richard Todd offloaded 21,600 shares in the company at an average price of $13.18 and ended up generating $284,690 in proceeds. Davis Richard Todd retains 1,203,674 shares in the company after this transaction. A EXECUTIVE VICE CHAIRMAN in the company, Davis Richard Todd, on Wednesday May 25, 2016 collected $279,070 from the sale of 21,600 shares at $13.18 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering LOCK stock at the going market price of $14.6/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.04 in earnings per share (EPS). That would represent a -60% year-over-year decrease. Revenue for the same period is expected to arrive at $163.25M.

Earnings Roundup: In the last fiscal quarter alone, LifeLock, Inc. generated around $159.27M in revenue and net income of -$0.06/share. That compares with the consensus estimate $157.37M and -$0.07/share, respectively. For the prior quarter revenue for the company hit $156.15M, with earnings at $0.3/share.

Analyst Coverage: Needham has been a brokerage house following shares of LifeLock, Inc. (LOCK), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Needham, in a note issued to clients on Friday December 18, 2015. There was another key note issued by Dougherty & Company on Thursday October 29, 2015. The firm lifted its rating on LOCK from Neutral to Buy.

Price Momentum: Despite the 2.17% increase in value, the stock’s new closing price represents a -16.24% fall in value from company’s one year high of $17.43. The stock is currently holding below its 50 day moving average of $18.69 and above its 200 day moving average of $12.41. Over the last three months and over the last six months, the shares of LifeLock, Inc. (LOCK), have changed 23.62% and 12.53%, respectively.

 

Sabre Corporation (NASDAQ:SABR): Updated Analyst Ratings

Sabre Corporation (SABR) up 1.67 per cent in the past week, is under coverage of 0 analysts who collectively recommend a buy rating on stock. 0 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 12 equity analysts who rate the stock have an average target price at $34.33, with individual targets ranging between $32 and $39. The shares closed last trade at $28.64, implying that analysts see shares rising about 19.87 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 2.88 up so far this year. A Executive Vice President at Sabre Corporation (SABR) sold shares in the company in a transaction completed on Wednesday June 01, 2016. Jones Hugh W offloaded 106,036 shares in the company at an average price of $27.96 and ended up generating $2,964,770 in proceeds. Jones Hugh W retains 100,156 shares in the company after this transaction. A Executive Vice President, CFO in the company, Simonson Richard A, on Wednesday June 01, 2016 collected $838,800 from the sale of 30,000 shares at $27.96 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering SABR stock at the going market price of $28.64/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.36 in earnings per share (EPS). That would represent a 33.33% year-over-year increase. Revenue for the same period is expected to arrive at $852.33M.

Earnings Roundup: In the last fiscal quarter alone, Sabre Corporation generated around $859.54M in revenue and net income of $0.41/share. That compares with the consensus estimate $849.87M and $0.37/share, respectively. For the prior quarter revenue for the company hit $758.46M, with earnings at $0.27/share.

Analyst Coverage: Sterne Agee CRT has been a brokerage house following shares of Sabre Corporation (SABR), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Sterne Agee CRT, in a note issued to clients on Wednesday April 13, 2016. There was another key note issued by Pacific Crest on Thursday March 31, 2016. The firm launched coverage on SABR at Overweight.

Price Momentum: Despite the 1.52% increase in value, the stock’s new closing price represents a -5.22% fall in value from company’s one year high of $30.46. The stock is currently holding above its 50 day moving average of $0.61 and above its 200 day moving average of $28.36. Over the last three months and over the last six months, the shares of Sabre Corporation (SABR), have changed 2.86% and 27.72%, respectively.

Avon Products Inc. (NYSE:AVP) Stock Declines, Analysts: Hold Rating

Avon Products Inc. (AVP) up 9.34 per cent in the past week, is under coverage of 12 analysts who collectively recommend a hold rating on stock. 3 of the analysts have a buy or better rating; the 0 sells versus 1 underperforms. The 12 equity analysts who rate the stock have an average target price at $5, with individual targets ranging between $3 and $7. The shares closed last trade at $4.33, implying that analysts see shares rising about 15.47 per cent in 12 months’ time.

Insider Activity: Insiders look optimistic about the prospects of the company that they seem to accumulate shares while they are 6.91 up so far this year. A Senior Vice President at Avon Products Inc. (AVP) purchased shares in the company in a transaction completed on Tuesday May 05, 2015. Munoz Pablo accumulated 10,000 shares in the company at an average price of $7.25 and ended up spending $72,500 in the investment. Munoz Pablo now have 39,592 shares in the company after this transaction. A Director in the company, Hailey V Ann, on Tuesday November 25, 2014 spent $19,600 from the purchase of 2,000 shares at $7.25 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering AVP stock at the going market price of $4.33/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.03 in earnings per share (EPS). That would represent a -72.73% year-over-year decrease. Revenue for the same period is expected to arrive at $1.43B.

Earnings Roundup: In the last fiscal quarter alone, Avon Products Inc. generated around $1.31B in revenue and net income of -$0.07/share. That compares with the consensus estimate $1.3B and $0.02/share, respectively. For the prior quarter revenue for the company hit $1.61B, with earnings at 0/share.

Analyst Coverage: Jefferies has been a brokerage house following shares of Avon Products Inc. (AVP), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Jefferies, in a note issued to clients on Friday June 03, 2016. There was another key note issued by Piper Jaffray on Tuesday April 12, 2016. The firm lowered its rating on AVP from Overweight to Neutral.

Price Momentum: Despite the -0.92% decrease in value, the stock’s new closing price represents a -37.15% fall in value from company’s one year high of $7.09. The stock is currently holding above its 50 day moving average of $-2.38 and above its 200 day moving average of $4.25. Over the last three months and over the last six months, the shares of Avon Products Inc. (AVP), have changed 12.25% and 3.94%, respectively.

 

MannKind Corp. (NASDAQ:MNKD): Updated Analyst Ratings

MannKind Corp. (MNKD) up 3.89 per cent in the past week, is under coverage of 5 analysts who collectively recommend a sell rating on stock. 1 of the analysts have a buy or better rating; the 0 sells versus 3 underperforms. The 3 equity analysts who rate the stock have an average target price at $1.43, with individual targets ranging between $0.1 and $4. The shares closed last trade at $1.03, implying that analysts see shares rising about 38.83 per cent in 12 months’ time.

Insider Activity: Insiders look optimistic about the prospects of the company that they seem to accumulate shares while they are -28.97 down so far this year. A Chief Commercial Officer at MannKind Corp. (MNKD) purchased shares in the company in a transaction completed on Tuesday May 17, 2016. Castagna Michael accumulated 50,000 shares in the company at an average price of $0.93 and ended up spending $46,500 in the investment. Castagna Michael now have 50,000 shares in the company after this transaction. A Corporate VP and COO in the company, Martens Juergen, on Thursday May 21, 2015 spent $91,400 from the purchase of 20,000 shares at $0.93 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings Roundup: In the last fiscal quarter alone, MannKind Corp. generated around $0 in revenue and net income of -$0.06/share. That compares with the consensus estimate $120000 and -$0.04/share, respectively. For the prior quarter revenue for the company hit $0, with earnings at -$0.17/share.

Analyst Coverage: RBC Capital Mkts has been a brokerage house following shares of MannKind Corp. (MNKD), so its rating change is noteworthy. The stock was downgraded to Underperform from Outperform, wrote analysts at RBC Capital Mkts, in a note issued to clients on Wednesday November 04, 2015. There was another key note issued by Piper Jaffray on Wednesday September 09, 2015. The firm lowered its rating on MNKD from Neutral to Underweight.

Price Momentum: Despite the 0.98% increase in value, the stock’s new closing price represents a -85.93% fall in value from company’s one year high of $6.24. The stock is currently holding above its 50 day moving average of $-21.39 and below its 200 day moving average of $1.17. Over the last three months and over the last six months, the shares of MannKind Corp. (MNKD), have changed -46.87% and 1.31%, respectively.

 

Latest KB Home (NYSE:KBH) Target Price Suggests Stock Is Worth $14.17/Share

KB Home (KBH) up 4.56 per cent in the past week, is under coverage of 21 analysts who collectively recommend a hold rating on stock. 3 of the analysts have a buy or better rating; the 0 sells versus 4 underperforms. The 15 equity analysts who rate the stock have an average target price at $14.17, with individual targets ranging between $10.5 and $18. The shares closed last trade at $14.67, implying that analysts see shares falling about -3.41 per cent in 12 months’ time.

Insider Activity: Insiders look optimistic about the prospects of the company that they seem to accumulate shares while they are 19.47 up so far this year. A Director at KB Home (KBH) purchased shares in the company in a transaction completed on Thursday February 11, 2016. Patton Robert L. Jr. accumulated 132,385 shares in the company at an average price of $9.54 and ended up spending $1,262,950 in the investment. Patton Robert L. Jr. now have 204,420 shares in the company after this transaction. A Director in the company, Patton Robert L. Jr., on Wednesday February 10, 2016 spent $651,810 from the purchase of 67,615 shares at $9.54 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering KBH stock at the going market price of $14.67/share should know the stock will next release quarterly results for the May 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.16 in earnings per share (EPS). That would represent a 60% year-over-year increase. Revenue for the same period is expected to arrive at $747.87M.

Earnings Roundup: In the last fiscal quarter alone, KB Home generated around $678.37M in revenue and net income of $0.14/share. That compares with the consensus estimate $633.98M and $0.11/share, respectively. For the prior quarter revenue for the company hit $985.78M, with earnings at $0.43/share.

Analyst Coverage: UBS has been a brokerage house following shares of KB Home (KBH), so its rating change is noteworthy. The stock was downgraded to Sell from Neutral, wrote analysts at UBS, in a note issued to clients on Wednesday May 04, 2016. There was another key note issued by FBN Securities on Monday April 18, 2016. The firm lowered its rating on KBH from Outperform to Sector Perform.

Price Momentum: Despite the 1.03% increase in value, the stock’s new closing price represents a -15.14% fall in value from company’s one year high of $17.42. The stock is currently holding above its 50 day moving average of $6.51 and above its 200 day moving average of $13.58. Over the last three months and over the last six months, the shares of KB Home (KBH), have changed 12.19% and 12.7%, respectively.

 

Zions Bancorporation (NASDAQ:ZION) Earns Consensus Hold Rating

Zions Bancorporation (ZION) up 3.6 per cent in the past week, is under coverage of 27 analysts who collectively recommend a hold rating on stock. 15 of the analysts have a buy or better rating; the 0 sells versus 1 underperforms. The 26 equity analysts who rate the stock have an average target price at $30.23, with individual targets ranging between $22 and $36. The shares closed last trade at $29.03, implying that analysts see shares rising about 4.13 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 6.89 up so far this year. A Executive Vice President at Zions Bancorporation (ZION) sold shares in the company in a transaction completed on Friday May 27, 2016. Morris Michael offloaded 8,634 shares in the company at an average price of $27.87 and ended up generating $240,630 in proceeds. Morris Michael retains 17,775 shares in the company after this transaction. A Pres of Subsidiary in the company, Anderson A Scott, on Friday May 27, 2016 collected $139,600 from the sale of 5,000 shares at $27.87 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering ZION stock at the going market price of $29.03/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.41 in earnings per share (EPS). That would represent a -4200% year-over-year decrease. Revenue for the same period is expected to arrive at $587.2M.

Earnings Roundup: In the last fiscal quarter alone, Zions Bancorporation generated around $569.6M in revenue and net income of $0.38/share. That compares with the consensus estimate $576.48M and $0.39/share, respectively. For the prior quarter revenue for the company hit $572.9M, with earnings at $0.43/share.

Analyst Coverage: Susquehanna has been a brokerage house following shares of Zions Bancorporation (ZION), so its rating change is noteworthy. The stock was upgraded to Positive from Neutral, wrote analysts at Susquehanna, in a note issued to clients on Tuesday June 07, 2016. There was another key note issued by Raymond James on Monday May 09, 2016. The firm lifted its rating on ZION from Mkt Perform to Strong Buy.

Price Momentum: Despite the -0.34% decrease in value, the stock’s new closing price represents a -11.3% fall in value from company’s one year high of $33.03. The stock is currently holding above its 50 day moving average of $10.57 and above its 200 day moving average of $27.23. Over the last three months and over the last six months, the shares of Zions Bancorporation (ZION), have changed 10.65% and 25.3%, respectively.

 

Juniper Networks, Inc. (NYSE:JNPR) Stock Rises, Analysts: Hold Rating

Juniper Networks, Inc. (JNPR) up 0.26 per cent in the past week, is under coverage of 30 analysts who collectively recommend a hold rating on stock. 8 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 22 equity analysts who rate the stock have an average target price at $26.5, with individual targets ranging between $22.9 and $36. The shares closed last trade at $23.47, implying that analysts see shares rising about 12.91 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are -14.25 down so far this year. A Corp VP Corp Controller & CAO at Juniper Networks, Inc. (JNPR) sold shares in the company in a transaction completed on Tuesday April 26, 2016. Spidell Terrance F offloaded 2,555 shares in the company at an average price of $23.56 and ended up generating $60,200 in proceeds. Spidell Terrance F retains 0 shares in the company after this transaction. A VP Corp Controller & CAO in the company, Spidell Terrance F, on Thursday February 18, 2016 collected $42,610 from the sale of 1,795 shares at $23.56 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering JNPR stock at the going market price of $23.47/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.47 in earnings per share (EPS). That would represent a -11.32% year-over-year decrease. Revenue for the same period is expected to arrive at $1.19B.

Earnings Roundup: In the last fiscal quarter alone, Juniper Networks, Inc. generated around $1.1B in revenue and net income of $0.37/share. That compares with the consensus estimate $1.12B and $0.38/share, respectively. For the prior quarter revenue for the company hit $1.32B, with earnings at $0.63/share.

Analyst Coverage: UBS has been a brokerage house following shares of Juniper Networks, Inc. (JNPR), so its rating change is noteworthy. The stock was downgraded to Neutral from Buy, wrote analysts at UBS, in a note issued to clients on Tuesday April 12, 2016. There was another key note issued by Sun Trust Rbsn Humphrey on Monday March 21, 2016. The firm lowered its rating on JNPR from Neutral to Reduce.

Price Momentum: Despite the 0.64% increase in value, the stock’s new closing price represents a -26.69% fall in value from company’s one year high of $32.39. The stock is currently holding above its 50 day moving average of $-0.16 and above its 200 day moving average of $23.06. Over the last three months and over the last six months, the shares of Juniper Networks, Inc. (JNPR), have changed -9.65% and 25.27%, respectively.