Benzinga's Top Upgrades, Downgrades For December 23, 2020

Downgrades

• Roth Capital downgraded the previous rating for Arcturus Therapeutics Holdings Inc ARCT from Buy to Sell. Arcturus Therapeutics earned $0.92 in the third quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $129.71 and a 52-week-low of $8.51. At the end of the last trading period, Arcturus Therapeutics closed at $118.46.
• According to BMO Capital, the prior rating for FuboTV Inc FUBO was changed from Outperform to Market Perform. FuboTV earned $1.65 in the third quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $62.29 and a 52-week-low of $8.12. At the end of the last trading period, FuboTV closed at $62.19.
• For PaySign Inc PAYS, Canaccord Genuity downgraded the previous rating of Buy to Hold. In the third quarter, PaySign showed an EPS of $0.14, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.98 and a 52-week-low of $3.63. PaySign closed at $4.91 at the end of the last trading period.
• BMO Capital downgraded the previous rating for IAC/InterActiveCorp IAC from Outperform to Market Perform. IAC/InterActiveCorp earned $0.11 in the third quarter, compared to $1.35 in the year-ago quarter. The current stock performance of IAC/InterActiveCorp shows a 52-week-high of $324.74 and a 52-week-low of $100.22. Moreover, at the end of the last trading period, the closing price was at $183.73.

Initiations

• CMB International initiated coverage on iHuman Inc IH with a Buy rating. The price target for iHuman is set to $26.08. In the third quarter, iHuman earned $0.03. At the moment, the stock has a 52-week-high of $31.58 and a 52-week-low of $16.07. iHuman closed at $21.10 at the end of the last trading period.
• With an Outperform rating, JMP Securities initiated coverage on Evelo Biosciences Inc EVLO. The price target seems to have been set at $27.00 for Evelo Biosciences. Evelo Biosciences earned $0.45 in the third quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $11.84 and a 52-week-low of $3.01. At the end of the last trading period, Evelo Biosciences closed at $11.20.
• Piper Sandler initiated coverage on Cogent Biosciences Inc COGT with an Overweight rating. The price target for Cogent Biosciences is set to $22.00. In the third quarter, Cogent Biosciences showed an EPS of $0.31, compared to $1.56 from the year-ago quarter. The stock has a 52-week-high of $14.44 and a 52-week-low of $8.40. At the end of the last trading period, Cogent Biosciences closed at $12.20.
• Benchmark initiated coverage on CC Neuberger Principal Holdings I PCPL with a Buy rating. The price target for CC Neuberger Principal is set to $15.00. The current stock performance of CC Neuberger Principal shows a 52-week-high of $11.29 and a 52-week-low of $9.95. Moreover, at the end of the last trading period, the closing price was at $10.80.
• With a Neutral rating, Baird initiated coverage on Square Inc SQ. The price target seems to have been set at $245.00 for Square. Square earned $0.34 in the third quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $243.38 and a 52-week-low of $32.33. Square closed at $241.57 at the end of the last trading period.
• With an Outperform rating, Baird initiated coverage on Qualcomm Inc QCOM. The price target seems to have been set at $200.00 for Qualcomm. In the fourth quarter, Qualcomm showed an EPS of $1.45, compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $161.07 and a 52-week-low of $58.00. At the end of the last trading period, Qualcomm closed at $146.34.
• JMP Securities initiated coverage on Seres Therapeutics Inc MCRB with a Market Perform rating. Seres Therapeutics earned $0.36 in the third quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.50 and a 52-week-low of $2.52. Seres Therapeutics closed at $24.78 at the end of the last trading period.
• Santander initiated coverage on Linx SA LINX with a Hold rating. The price target for Linx is set to $7.60. In the third quarter, Linx showed an EPS of $0.01, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.47 and a 52-week-low of $2.83. Linx closed at $7.24 at the end of the last trading period.
• With a Neutral rating, Baird initiated coverage on Luminar Technologies Inc LAZR. The price target seems to have been set at $30.00 for Luminar Technologies. At the moment, the stock has a 52-week-high of $47.80 and a 52-week-low of $19.10. Luminar Technologies closed at $37.37 at the end of the last trading period.
• With a Buy rating, Stifel initiated coverage on Lithium Americas Corp LAC. The price target seems to have been set at $13.25 for Lithium Americas. Lithium Americas earned $0.07 in the third quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Lithium Americas shows a 52-week-high of $16.97 and a 52-week-low of $1.92. Moreover, at the end of the last trading period, the closing price was at $11.35.
• JMP Securities initiated coverage on Kaleido Biosciences Inc KLDO with an Outperform rating. The price target for Kaleido Biosciences is set to $22.00. Kaleido Biosciences earned $0.65 in the third quarter, compared to $0.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.89 and a 52-week-low of $2.82. Kaleido Biosciences closed at $8.99 at the end of the last trading period.
• With a Buy rating, CMB International initiated coverage on iQIYI Inc IQ. The price target seems to have been set at $23.20 for iQIYI. For the third quarter, iQIYI had an EPS of $0.24, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $28.03 and a 52-week-low of $14.51. iQIYI closed at $16.97 at the end of the last trading period.
• National Securities Corporation initiated coverage on Humanigen Inc HGEN with a Buy rating. The price target for Humanigen is set to $35.00. The stock has a 52-week-high of $33.95 and a 52-week-low of $3.40. At the end of the last trading period, Humanigen closed at $20.79.