Short interest for PACS Group gives investors a sense of the degree to which investors are betting on the decline of PACS Group's stock. Short interest data is updated every two weeks.

PACS Group Stock (NYSE:PACS), Short Interest Report

PACS Group

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

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Markets

PACS

SYMC

Symantec Surges in Pre-Market After Successful Test (SYMC)

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aggregator

company profile

healthcare

market research reports

Global PACS Market Is Expected To Grow At 11% Over The Next Seven Years

PACS Group Inc

Piper Sandler analyst Korinne Wolfmeyer maintains Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with a Overweight and lowers the price target from $595 to $505.

Price Target

Analyst Ratings

ULTA

Piper Sandler Maintains Overweight on Ulta Beauty, Lowers Price Target to $505

Li Auto Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)&nbsp;reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38912687/li-auto-inc-announces-unaudited-first-quarter-2024-financial-results" rel="noreferrer noopener">analyst consensus estimate of $3.84 billion</a>.&nbsp;
Adjusted net earnings per ADS&nbsp;was&nbsp;$0.17 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.35</a>. The&nbsp;stock price dropped after the results.
Vehicle sales increased 32.3% to $3.4 billion, mainly&nbsp;attributable&nbsp;to the increase in vehicle deliveries. Total vehicle deliveries were 80,400 units in the quarter,&nbsp;an 52.9% Y/Y&nbsp;increase.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/38911807/tesla-tries-to-boost-china-sales-with-free-supercharging-miles-after-price-cuts" rel="noreferrer noopener">Tesla Tries To Boost China Sales With Free Supercharging Miles After Price Cuts</a>
The vehicle margin declined by 50 bps&nbsp;year over year&nbsp;to 19.3%, while the gross margin expanded by 20 bps&nbsp;year over year&nbsp;to 20.6%.&nbsp;
Adjusted income from operations&nbsp;was $13.9 million, down by 88.7% Y/Y.
Li Auto held cash and equivalents of $13.7 billion as of March 31, 2024. Cash provided by operating activities was $462.9 million for the quarter.
As of March 31, 2024, the company had 474 retail stores covering 142 cities, 356 servicing centers,&nbsp;and&nbsp;Li Auto-authorized body and paint shops operating in 209 cities, and 357&nbsp;super charging&nbsp;stations&nbsp;in operation&nbsp;equipped with 1,544 charging stalls.
In April 2024, the company delivered 25,787 vehicles, representing an increase of 0.4% from April 2023.
Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, &#8220;In March, we launched and commenced delivery of our high-tech flagship family MPV, Li MEGA,&nbsp;which is also&nbsp;our first high-power charging BEV. Meanwhile, we accelerated our efforts to deploy&nbsp;super charging&nbsp;stations nationwide, adding charging resources for Li Auto users to expedite the 0-to-1 development phase of our&nbsp;high-power charging&nbsp;BEVs.&#8221;
&#8220;In April, we launched and commenced delivery of Li L6, a five-seat premium family SUV, to satisfy the mobility needs of more young families, making all-wheel-drive range extension system and intelligent features available on vehicles priced below RMB300,000.&#8221;
Outlook: Li Auto sees second-quarter fiscal 2024 revenue of $4.1 billion – $4.3 billion, representing an&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">increase of 4.2% – 9.4% Y/Y</a>.
LI expects first-quarter vehicle deliveries of 105,000 – 110,000, representing an increase of 21.3%—27.1%&nbsp;year over year.
Li Auto stock lost over 15% in the last 12 months. Investors can gain exposure to the stock via&nbsp;VanEck Low Carbon Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMOG#NYSE">SMOG</a>) and&nbsp;First Trust Long/Short Equity&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTLS#NYSE">FTLS</a>).
Price Action: LI shares traded lower by 4.26% at $23.83 in premarket at the last check Monday.
Photo via Shutterstock

Earnings

Guidance

Tech

FTLS

SMOG

Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Oramed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORMP#NASDAQ">ORMP</a>) with a Neutral.

Reiteration

ORMP

HC Wainwright & Co. Reiterates Neutral on Oramed Pharmaceuticals

Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) (&quot;Xiao-I&quot; or the &quot;Company&quot;), a leading AI company, announced the launch of its new product -Hearview, which is &quot;AI empowered glasses for deaf people.&quot; This innovative product aims to break down communication barriers and enhance the daily lives of the deaf community, allowing them to &quot;see the sounds of the world.&quot;
Hearview is part of Xiao-I&#39;s broader product series tailored for the deaf and hard-of-hearing community. This series includes two products lines to assist the deaf community with both listening and speaking. The glasses are the first product in the listening product line that focuses on enabling the deaf to &quot;hear&quot; the world. The speaking product line focuses on enabling the world to &quot;hear&quot; the deaf.

AIXI

Xiao-I Corporation Launches Its New Product "Hearview"- "AI Empowered Glasses for Deaf People"

Piper Sandler analyst Luke Lemoine maintains KLX Energy Services Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLXE#NASDAQ">KLXE</a>) with a Neutral and lowers the price target from $11.5 to $6.5.

KLXE

Piper Sandler Maintains Neutral on KLX Energy Services Hldgs, Lowers Price Target to $6.5

HC Wainwright &amp; Co. analyst Yi Chen reiterates Kiora Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KPRX#NASDAQ">KPRX</a>) with a Buy and maintains $2 price target.

Kiora Pharmaceuticals, Inc. - Common Stock

KPRX

HC Wainwright & Co. Reiterates Buy on Kiora Pharmaceuticals, Maintains $2 Price Target

EHang Holdings Limited&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) shares are trading higher after it reported<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38912511/ehang-reports-first-quarter-2024-unaudited-financial-results" rel="noreferrer noopener">&nbsp;first-quarter FY24 results</a>.
Revenue increased 178.0% Y/Y to RMB61.7 million. In USD&nbsp;terms, revenue of $8.5 million beat the consensus of $6.9 million.&nbsp;Revenue benefitted from demand for the proprietary EH216 pilotless eVTOL vehicles.
Adjusted operating loss&nbsp;came in at&nbsp;RMB(12.6) million ($(1.7) million), an improvement&nbsp;of 63.4%&nbsp;Y/Y&nbsp;in the quarter.&nbsp;The company achieved positive<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">&nbsp;operating cash flow in the quarter</a>.&nbsp;
The company disclosed sales and deliveries of 26 units of EH216 series products in the first quarter of FY24, which more than doubled to 11 units in the first quarter of 2023.
As of&nbsp;March-end, cash and cash equivalents, short-term deposits&nbsp;and&nbsp;short-term investments balances&nbsp;stood at RMB323.8 million ($44.9 million).
Adjusted net loss per ADS&nbsp;was $0.02, beating the&nbsp;consensus of&nbsp;$(0.09).
Huazhi Hu, EHang&#8217;s Founder, Chairman and Chief Executive Officer, said, &#8220;Looking ahead, we will remain focused on moving forward commercial EH216-S operations for a new phase of growth, catering to intra-city mobility needs while addressing other needs in global UAM by research and development, testing, and airworthiness certification efforts for VT-30, our pilotless passenger-carrying lift-and-cruise eVTOL model tailored for inter-city travel.&#8221;
Outlook: For the second quarter of 2024, the company projects revenues&nbsp;to be&nbsp;around RMB90 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">an increase of around 804%&nbsp;Y/Y</a>.
In March,&nbsp;the company established&nbsp;Japan&#8217;s first Urban Air Mobility Center, facilitating pilotless eVTOL flights in&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37893389/why-is-ehang-holdings-stock-gaining-today" rel="noreferrer noopener">Tsukuba City, Ibaraki Prefecture</a>.
Also, EHang started selling its EH216-S vehicle on&nbsp;Chinese&nbsp;online shopping platform Taobao&nbsp;for&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37781799/ehang-holdings-stock-is-rising-whats-going-on" rel="noreferrer noopener">2.39 million yuan ($332,000)</a>.
Last month, EHang attained the Production Certificate (PC) for its EH216-S passenger-carrying pilotless electric vertical takeoff and landing (eVTOL) aircraft from the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38138789/why-is-ehang-holdings-stock-gaining-today" rel="noreferrer noopener">Civil Aviation Administration of China (CAAC)</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho New Economies Composite ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOMP#NYSE">KOMP</a>).
Price Action: EH shares are up 7.62% at $20.60 premarket&nbsp;at&nbsp;the last check Monday.

Equities

Small Cap

Movers

General

KOMP

Why Is EHang Holdings Stock Rising Premarket Monday?

Mizuho analyst Gregg Moskowitz initiates coverage on Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) with a Buy rating and announces Price Target of $46.

Initiation

RBRK

Mizuho Initiates Coverage On Rubrik with Buy Rating, Announces Price Target of $46

Needham analyst Ryan Koontz reiterates Gilat Satellite Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) with a Buy and maintains $8.5 price target.

GILT

Needham Reiterates Buy on Gilat Satellite Networks, Maintains $8.5 Price Target

B of A Securities analyst Joshua Dennerlein downgrades EPR Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPR#NYSE">EPR</a>) from Neutral to Underperform and lowers the price target from $45 to $40.

Downgrades

B of A Securities Downgrades EPR Props to Underperform, Lowers Price Target to $40

Needham analyst Ryan Koontz reiterates Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) with a Buy and maintains $45 price target.

CALX

Needham Reiterates Buy on Calix, Maintains $45 Price Target

Needham analyst Ryan Koontz reiterates Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) with a Buy and maintains $71 price target.

TWLO

Needham Reiterates Buy on Twilio, Maintains $71 Price Target

Baird analyst Colin Sebastian maintains Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) with a Outperform and lowers the price target from $173 to $172.

TTWO

Baird Maintains Outperform on Take-Two Interactive, Lowers Price Target to $172

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Sempra</h3>
<ul>
<li>The Trade: Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) Director Richard J Mark <a href="https://www.benzinga.com/quote/HEAR/analyst-ratings">acquired a total of 1,925 shares</a> at an average price of $77.97. To acquire these shares, it cost around $150,092.</li>
<li>What's Happening: On May 17, Mizuho analyst Anthony Crowdell maintained Sempra with a Buy and raised the price target from $79 to $86.</li>
<li>What Sempra Does: Sempra Energy serves one of the largest utility customer bases in the United States.</li>
</ul>
<h3 class="wp-block-heading">Equity Bancshares</h3>
<ul>
<li>The Trade: Equity Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) Director Junetta M Everett acquired a total of 2,903 shares at an average price of $34.50. To acquire these shares, it cost around $100,154.</li>
<li>What's Happening: On May 10, Equity Bank named Rick Sems as CEO.</li>
<li>What Equity Bancshares Does: Equity Bancshares Inc is a bank holding company. The company&#8217;s operation involves the delivery of loan and deposit products to customers.</li>
</ul>
<h3 class="wp-block-heading">Northwest Bancshares</h3>
<ul>
<li>The Trade: Northwest Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWBI#NASDAQ">NWBI</a>) Director Timothy M Hunter <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $11.30. To acquire these shares, it cost around $113,000.</li>
<li>What's Happening: On April 22, Northwest Bancshares posted in-line quarterly earnings.</li>
<li>What Northwest Bancshares Does: Northwest Bancshares Inc is a stockholding company for Northwest Bank.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38911760/zoom-video-wix-com-and-3-stocks-to-watch-heading-into-monday">Zoom Video, Wix.com And 3 Stocks To Watch Heading Into Monday</a>

Long Ideas

Insider Trades

Trading Ideas

EQBK

NWBI

Insiders Buying Sempra And 2 Other Stocks

Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) reported quarterly losses of $(0.53) per share which missed the analyst consensus estimate of $(0.32) by 65.63 percent. The company reported quarterly sales of $118.777 million which missed the analyst consensus estimate of $126.000 million by 5.73 percent. This is a 19.29 percent decrease over sales of $147.174 million the same period last year.

Earnings Misses

MESA

Mesa Air Gr Q1 2024 Adj EPS $(0.53) Misses $(0.32) Estimate, Sales $118.777M Miss $126.000M Estimate

Health Care

Contracts

PLUR

Pluri Collaborated With Wilk Technologies To Develop Human Breast Milk-derived Food Production On A Commercial Scale

UL Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) reported quarterly earnings of $0.28 per share which met the analyst consensus estimate. This is a 7.69 percent increase over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $670.000 million which beat the analyst consensus estimate of $667.615 million by 0.36 percent. This is a 6.52 percent increase over sales of $629.000 million the same period last year.

Earnings Beats

UL Solutions Q1 2024 Adj EPS $0.28, Inline, Sales $670.000M Beat $667.615M Estimate

Independent Bank Group, based in&nbsp;McKinney, Texas, has approximately&nbsp;$18.9 billion&nbsp;in total assets,&nbsp;$15.7 billion&nbsp;in total deposits and&nbsp;$14.6 billion&nbsp;in total loans as of&nbsp;March 31, 2024, and operates in four market regions located in&nbsp;Dallas/Fort Worth, Austin&nbsp;and&nbsp;Houston&nbsp;areas in&nbsp;Texas&nbsp;and the Colorado Front Range.&nbsp;
Subject to the terms of the definitive agreement, Independent Bank Group shareholders will receive 0.60 shares of SouthState common stock for each outstanding share of Independent Bank Group common stock.&nbsp;Based on SouthState&#39;s closing stock price of&nbsp;$80.85&nbsp;as of&nbsp;May 17, 2024, this equates to a per share value of&nbsp;$48.51&nbsp;and an aggregate transaction value of approximately&nbsp;$2 billion.

IBTX

SouthState Agrees To Acquire Independent Bank Group, In An All-stock Transaction Valued At ~$2B

Given the inability to accurately forecast the upside impact of the continued authorization of Translarna in&nbsp;Europe&nbsp;on 2024 revenue, PTC will pause 2024 total revenue&nbsp;guidance&nbsp;at this time.&nbsp;Guidance&nbsp;will be updated at a future date.

PTCT

PTC Therapeutics Paused 2024 Revenue Guidance as it Struggles to Weigh the Impact of Continued Authorization of Translarna in Europe

GLBE

Global-e Online Sees Q2 Revenue Of $162.5M - $168.5M Vs. $170.48M Est.

U.S. IPO Weekly Recap: 3 IPOs Raise Over $1.4 Billion, Led By UL Solutions

Shares of Pacs Group rose almost 10% in their trading debut following an upsized initial public offering. Meanwhile, the upcoming week will be a big one for recent high-profile dealmakers, Reddit and Astera Labs.

Reddit, Astera Brace For Street Opinions After Hot IPOs

Calvin Sternick, an analyst from J.P. Morgan, has initiated a new Buy rating on PACS Group Inc (PACS). Calvin Sternick has given his Buy rating due...

Buy Rating on PACS Group Inc: Strategic Acquisitions and Strong Market Presence Fuel Growth Prospects

RBC Capital analyst Ben Hendrix initiated coverage with a Buy rating on PACS Group Inc (PACS – Research Report) today and set a price target of $30...

PACS Group Inc (PACS) Gets a Buy from RBC Capital

Stephens analyst Scott Fidel has maintained their bullish stance on PACS stock, giving a Buy rating today. Scott Fidel's rating is based on the ant...

Buy Rating Justified for PACS Group Inc. Amid Strong Growth and Strategic Acquisitions

Fans of IPOs would have noticed that recent years have presented lean pickings, as fewer companies went public while inflation and interest rates w...

Citigroup Pulls the Trigger on These 2 'Strong Buy' IPO Stocks

PACS Group beats top-line and bottom-line estimates; initiates FY24 outlook

Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on PACS Group Inc (PACS – Research Report) today and set a price target of $31.00. T...

PACS Group Inc (PACS) Receives a Rating Update from a Top Analyst

There's a lot to be optimistic about in the NA sector as 2 analysts just weighed in on American Healthcare REIT, Inc. (AHR – Research Report) and P...

Analysts Are Bullish on Top NA Stocks: American Healthcare REIT, Inc. (AHR), PACS Group Inc (PACS)

Analysts have been eager to weigh in on the NA sector with new ratings on Metagenomi, Inc. (MGX – Research Report), Smith Douglas Homes Corp. Class...

Analysts Have Conflicting Sentiments on These NA Companies: Metagenomi, Inc. (MGX), Smith Douglas Homes Corp. Class A (SDHC) and PACS Group Inc (PACS)

ALAB

CTRI

IBTA

INTJ

LOBO

MNDR

RDDT

SDHC

PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

PACS Group, Inc. Announces Closing of Its Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares from the Selling Stockholders

								Get Alert
PACS	PACS Group, Inc.	05/09/2024	—	—	796,083	712,863	1.12	Get Alert
PACS	PACS Group, Inc.	04/24/2024	—	—	162,010	801,592	1	Get Alert

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PACS Group Stock (NYSE:PACS), Short Interest Report

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