SoFi Gets New Price Target Amid FedNow Announcement
The financial services firm launched a major upgrade for users, among other developments for our small-cap portfolio names.
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Sportico Invest Los Angeles
Several $10K Portfolio names are in the news on Monday morning. Here's the rundown.
1. Ondas Inc (ONDS)
Ondas (ONDS) announced that the firm's subsidiary INDO Earth Moving Ltd had received a roughly $68 million order for delivery of heavy engineering vehicles under a previously announced $140 million procurement award.
This is the first phase of what will be a multi-year program, Initial delivery is expected at some point during the fourth quarter of this year. Long-term maintenance agreements and fleet expansion orders are expected to follow over the next several years.
In other news, analyst Max Michaels of Lake Street reiterated his "buy" rating on the shares of ONDS as well as his $19 target price for the stock. Michaels is rated at five stars out five by TipRanks.
2. Ocular Therapeutix (OCUL)
(OCUL) released additional positive information from the SOL-1 Phase 3 clinical trial of the firm's investigational candidate, Axpaxli, for the treatment of wet age-related macular degeneration.
The candidate achieved statistical significance in the first three of five key secondary endpoints tested in hierarchical order. Six other pre-specified secondary endpoints measuring clinically significant functional and autonomic outcomes were met with statistical significance.
Visual acuity gains achieved during the loading phase were broadly maintained up to week 52. Additionally, the magnitude of gains made in quality of vision were influenced by BCVA at screening. Put simply, Axpaxli subjects in the lowest quartile group at screening experienced the greatest gains in quality of vision during the study.
On Friday (I was out), analyst Biren Amin of Piper Sandler reiterated his "buy" rating on the shares of OCUL as well as his $31 target price. Amin is rated at five stars out of five by TipRanks.
3. SoFi Technologies (SOFI)
SoFi Technologies' (SOFI) Galileo technology platform announced that SOFI is now offering instant bank transfers via FedNow Services powered by Galileo. This new capability allows SoFi members to move money in seconds between SoFi accounts and accounts at other U.S. banks at any time, even weekends and bank holidays.
In other news, sell-side analyst Mihir Bhatia of Bank of America reiterated his "Underperform" rating (sell-equivalent) on the shares of SOFI while cutting his target price to $18 from $20. Bhatia is rated at four stars out of five by TipRanks.
Thursday's Intention vs Thursday's Actual Trade
Intention: Purchase 1 share of (PLTR) at or close to the last sale of $131.57 to bring the long position up to 10 shares.
Actual Trade: Purchased 2 shares (in error) of PLTR at $129.96 to bring the long position up to 11 shares.
Monday's Intention
Sell 1 share of PLTR at or close to the last sale of $133.59 in order to bring the position back down to the intended 10 shares.
Current Positions
Long 150 shares of SOFI at $15.988. Last sale: $16.70.
Long 125 shares of OCUL at $8.061. Last sale: $8.81.
Long 125 shares of ONDS at $9.4749. Last sale: $9.23.
Long 11 shares of PLTR at $145.03. Last sale: $133.59.
Long 15 shares of (RKLB) at $67.1653. Last sale: $70.42.
Long 25 shares of (INFQ) at $9.965. Last sale $12.67.
Long 75 shares of (SIDU) at $2.029. Last sale: $4.13.
Long 50 shares of (EVLV) at $6.0898. Last sale: $6.11.
Short 1 SOFI May 15 $18.00 call at $1.01. Last sale: $0.82.
Short 1 ONDS May 8 $10.50 call at $0.60. Last sale: $0.44.
Cash: $2,373.05
Portfolio Value: $10,452.82, +4.5% from inception.
Related: Renewed Pressure From Iran Obscures Notable Software Sell-Off
At the time of publication, Guilfoyle was long SOFI, OCUL, ONDS, PLTR, RKLB, INFQ, SIDU and EVLV.
