Latest news for Neuberger Berman Next (NYSE:NBXG) Stock

Neuberger Berman Next

Neuberger Berman Next Generation Connectivity Fund Inc. is a non-diversified, closed-end management investment company. The fund's investment objectives are to provide capital appreciation and income.

Fintech news covering the emerging Financial Technology services sector

Fintech

News

Small Cap

Neuberger Berman Next Generation Connectivity Fund Inc. Common Stock

NBXG

E-commerce revenue-based finance provider, Wayflyer announced that it has signed a $1 billion funding deal with investment firm, Neuberger Berman (NYSE: NBXG).

Neuberger Berman&#39;s $1B Investment In Wayflyer Set To Transform E-commerce Lending

Health Care

IPOs

Tech

Trading Ideas

General

CFLT

PATH

The number of IPOs launched in the second half of 2021 fell due to a lower number of SPAC IPOs. Traditional IPOs rebounded and saw eight listings that raised $1 billion or more.

Top 10 IPOs In Q2 2021: AppLovin And UiPath Lead Way, While Offering Numbers Drop

Neuberger Berman Next Generation Connectivity Fund Inc.

Stifel analyst Mark Kelley maintains Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) with a Hold and lowers the price target from $67 to $65.

Price Target

Analyst Ratings

ETSY

Stifel Maintains Hold on Etsy, Lowers Price Target to $65

Rosenblatt analyst Hans Mosesmann maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Buy and raises the price target from $210 to $250.

Rosenblatt Maintains Buy on Texas Instruments, Raises Price Target to $250

Selective Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) posted weak quarterly results, after the <a href="https://widgets.benzinga.com/quote/SIGI/news">closing bell on Thursday</a>.
Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&#8220;This was a challenging quarter. We did not meet our high standard as underwriting performance fell below our target. The unfavorable prior year casualty reserve development was driven by elevated loss emergence in the quarter reflecting higher severity that we attribute to social inflation. Our reserving action is predicated on our in-depth quarterly reserve review and further strengthening to address elevated and uncertain loss trends,&#8221; said John J. Marchioni, Chairman, President and Chief Executive Officer.
Marchioni added, &#8220;We have a very stable underwriting portfolio. To address our updated view of loss costs, we are responding with additional price increases. Our renewal pure price increase across all insurance segments was 9.1% in the quarter, including 7.9% for Standard Commercial Lines. General liability renewal pure pricing increased to 7.6%, up over a point from the first quarter. We expect Standard Commercial Lines renewal pure price will trend higher in the second half of 2024.&#8221;
Selective shares fell 18.2% to close at $82.08 on Friday.
These analysts made changes to their price targets on Selective following the announcement.
<ul>
<li>Piper Sandler analyst Paul Newsome maintained Selective Insurance with a Neutral rating and lowered the price target from $104 to $85.</li>
<li>Keefe, Bruyette &amp; Woods analyst Meyer Shields upgraded Selective Insurance from Market Perform to Outperform, but cut the price target from $104 to $99.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39876573/verizon-sap-and-3-stocks-to-watch-heading-into-monday">Verizon, SAP And 3 Stocks To Watch Heading Into Monday</a></li>
</ul>

Earnings

Markets

SIGI

Selective Insurance Analysts Cut Their Forecasts After Downbeat Earnings

The discovery was demonstrated by utilizing genetic manipulations and 3D spheroid systems, mimicking the main features of human solid tumors
TEL AVIV, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) (the "Company" or "SciSparc"), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system, announced that MitoCareX Bio Ltd. ("MitoCareX"), the Company's venture with Dr. Alon Silberman that focuses on drug discovery and development of cancer therapeutics by targeting the mitochondrial SLC25 protein family, has validated the potential&nbsp;significant involvement of its target SLC25 carrier protein, using Non-Small Cell Lung Cancer ("NSCLC") cells with diverse genetic backgrounds. MitoCareX demonstrated the discovery by utilizing genetic manipulations and 3D spheroid systems, mimicking the main features of human solid tumors.
NSCLC is the most typical form of lung cancer and, according to <a href="https://www.globenewswire.com/Tracker?data=3IHwPKxZpUwyKn2YPv_thRMP_kFLxBKvuumiyTmY1ElomYDkQrHxQQKh8Q2rpcjK9LYg3iDj5BReicx9OGDots4LCSsGcGxG_iIsWrUpeubJamQfjh0vT0U_QsckI-HTHRFAQPITGaJtpUkQgUGka1n8SA4my1Evn47t74D5kIe9e2jyD1bXHRQ_ENZ3K0ny">ResearchAndMarkets.com</a>, the NSCLC Market is projected to reach a value of $59.77 billion by the year 2030. Accounting for 80%-85% of all lung cancer cases globally, NSCLC has driven key market players to focus on continuous innovation and efficacy enhancement in therapeutics. This prominence is due to lung cancer's status as one of the most common cancers worldwide, contributing to a significant number of global deaths.

Biotech

SPRC

SciSparc Announces MitoCareX Confirms Potential Significant Role Of Its Drug Target In NSCLC

WIIM

HEPA

Hepion Pharmaceuticals shares are trading higher after the company announced it entered into a definitive merger agreement with Pharma Two B. The company announced a $2.9 million private placement of non-convertible senior notes to institutional investors.

Melius Research analyst Conor Cunningham initiates coverage on Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Hold rating and announces Price Target of $15.

Initiation

LYFT

Melius Research Initiates Coverage On Lyft with Hold Rating, Announces Price Target of $15

EF Hutton analyst Jason Kolbert initiates coverage on Anavex Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) with a Buy rating and announces Price Target of $46.

AVXL

EF Hutton Initiates Coverage On Anavex Life Sciences with Buy Rating, Announces Price Target of $46

RR: 100% &#x7C; <a href="https://www.benzinga.com//node/39878249">Richtech Robotics Celebrates Completion of Installation of ADAM at Ghost Kitchens inside Dawsonville, GA Walmart</a>
&nbsp;
MIRA: 84% &#x7C; <a href="https://www.benzinga.com//node/39881033">MIRA Pharmaceuticals Announces New Preclinical Study Results Highlighting Potential Advantages Of Novel Oral Ketamine Analog Ketamir-2 For Neurological And Neuropsychiatric Disorders</a>
&nbsp;
HEPA: 62% &#x7C; <a href="https://www.benzinga.com//node/39881066">Pharma Two B To Go Public Through Merger With Hepion Pharmaceuticals; Co. Also Announces $2.9M Private Placement Of Non-Convertible Senior Notes To Institutional Investors</a>

Movers

MIRA

Market-Moving News for July 22nd

Needham analyst Joseph Stringer reiterates Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) with a Buy and maintains $26 price target.

Reiteration

PHAT

Needham Reiterates Buy on Phathom Pharmaceuticals, Maintains $26 Price Target

Melius Research analyst Conor Cunningham initiates coverage on Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) with a Hold rating and announces Price Target of $77.

UBER

Melius Research Initiates Coverage On Uber Technologies with Hold Rating, Announces Price Target of $77

ON Semiconductor Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares are trading higher after the company signed a multi-year agreement with Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLKAF#OTC">VLKAF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) to provide solutions for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39878255/onsemi-selected-to-power-volkswagen-groups-next-generation-electric-vehicles" rel="noreferrer noopener">vehicle lineup across multiple brands</a>.
As per the deal, ON Semiconductor will supply a comprehensive power box solution for Volkswagen&#8217;s next-generation traction inverter within its Scalable Systems Platform (SSP).
onsemi&#8217;s EliteSiC M3e MOSFET-based power box offers higher power and efficiency in a compact design, enhancing heat management and extending EV range. Volkswagen Group can seamlessly adopt future EliteSiC platforms, staying at the forefront of EV innovation.
Volkswagen Group will benefit from onsemi&#8217;s investment in a new silicon carbide plant in the Czech Republic, which will streamline the supply chain and logistics for traction inverter systems, enhancing manufacturing efficiency.
Till von Bothmer, Senior Vice President VW Group Procurement for Powertrain, said, &#8220;On top of the verticalization, onsemi has furthermore provided a resilient supply concept with regional silicon carbide fabs across Asia, Europe and the U.S. In addition, onsemi will continuously provide the latest SiC generation to ensure competitiveness.&#8221;
Earlier this month, ON Semiconductor announced it had completed the <a target="_blank" href="https://www.benzinga.com/news/24/07/39608561/what-happened-with-on-semiconductor-stock-today" rel="noreferrer noopener">acquisition of SWIR Vision Systems</a>.
In June, On Semiconductor announced a&nbsp;restructuring plan&nbsp;that included reducing its workforce by 1,000 employees and consolidating nine sites to optimize its manufacturing network <a target="_blank" href="https://www.benzinga.com/news/24/06/39339784/why-are-on-semiconductor-shares-trading-lower-friday" rel="noreferrer noopener">and consolidate its global corporate footprint</a>.
Investors can gain exposure to ON stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) and Return Stacked Bonds &amp; Managed Futures ETF Veridien Climate Action ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLIA#NYSE">CLIA</a>).
<h2 class="wp-block-heading">ON Stock Prediction 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of ON Semiconductor have an average 1-year price target of $86.53, representing an expected upside of 19.3%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. 1 analysts have bearish recommendations on ON Semiconductor, while 14 analysts have bullish ratings. The street high price target from B. Riley Securities is $103.0, while the street low from Morgan Stanley is $65.0.
Price Action: ON shares are up 3.06% at $74.75 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Equities

Large Cap

Contracts

CLIA

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

VLKAF

VWAGY

ON Semiconductor Seals Multi-Year Deal with Volkswagen for Advanced EV Solutions; Stock Gains

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Atlantica Sustainable Infrastructure plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AY#NASDAQ">AY</a>)</h3>
<ul>
<li>Dividend Yield: 8.07%</li>
<li>Seaport Global analyst Angie Storozynski downgraded the stock from Buy to Neutral on May 29. This analyst has an accuracy rate of 74%.</li>
<li>BMO Capital analyst James Thalacker maintained a Market Perform rating and raised the price target from $20 to $23 on May 10. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On May 28, the company announced it entered into a definitive agreement to be acquired by Energy Capital Partners.</li>
<li>Benzinga Pro's real-time newsfeed <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1">alerted to latest AY news</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="687" height="733" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042207/Screenshot-2024-07-22-at-1.52.00-PM.png" alt="" class="wp-image-448064" style="width:428px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042207/Screenshot-2024-07-22-at-1.52.00-PM.png 687w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042207/Screenshot-2024-07-22-at-1.52.00-PM-281x300.png 281w" sizes="(max-width: 687px) 100vw, 687px" /></a></figure>
<h3 class="wp-block-heading">UGI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>)</h3>
<ul>
<li>Dividend Yield: 6.16%</li>
<li>Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and cut the price target from $28 to $27 on May 3. This analyst has an accuracy rate of 66%.</li>
<li>Mizuho analyst Gabriel Moreen maintained a Neutral rating and raised the price target from $26 to $27 on April 17. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: UGI is scheduled to announce the results of its third fiscal quarter earnings after the closing bell on Aug. 7.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1">Benzinga Pro's charting tool</a> helped identify the trend in UGI's stock.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="688" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042243/Screenshot-2024-07-22-at-1.52.37-PM.png" alt="" class="wp-image-448065" style="width:425px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042243/Screenshot-2024-07-22-at-1.52.37-PM.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042243/Screenshot-2024-07-22-at-1.52.37-PM-274x300.png 274w" sizes="(max-width: 688px) 100vw, 688px" /></a></figure>
<h3 class="wp-block-heading">Avista Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVA#NYSE">AVA</a>)</h3>
<ul>
<li>Dividend Yield: 5.17%</li>
<li>Mizuho analyst Anthony Crowdell upgraded the stock from Underperform to Neutral and raised the price target from $32 to $36 on May 3. This analyst has an accuracy rate of 63%.</li>
<li>Guggenheim analyst Shahriar Pourreza upgraded the stock from Sell to Neutral with a price target of $34 on Jan. 22. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: Avista is expected to hold its quarterly conference call and webcast to discuss second quarter results on Wednesday, Aug. 7.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1">breakout in AVA's shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="657" height="757" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042329/Screenshot-2024-07-22-at-1.53.24-PM.png" alt="" class="wp-image-448066" style="width:397px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042329/Screenshot-2024-07-22-at-1.53.24-PM.png 657w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/22042329/Screenshot-2024-07-22-at-1.53.24-PM-260x300.png 260w" sizes="(max-width: 657px) 100vw, 657px" /></a></figure>
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</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>

Dividends

Pre-Market Outlook

Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields

<a href="https://www.sec.gov/Archives/edgar/data/1069530/000143774924023128/ex_701112.htm">https://www.sec.gov/Archives/edgar/data/1069530/000143774924023128/ex_701112.htm</a>
&nbsp;

Management

SAVA

Cassava Sciences Executive Chairman Rick Barry Issues An Open Letter To "Shareholders, Employees, Principal Investigators, Patients And Their Loved Ones" On July 21, 2024

Keefe, Bruyette &amp; Woods analyst Meyer Shields upgrades Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) from Market Perform to Outperform and lowers the price target from $104 to $99.

Upgrades

Keefe, Bruyette & Woods Upgrades Selective Insurance Gr to Outperform, Lowers Price Target to $99

MIRA Pharmaceuticals shares are trading higher after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.

Accenture To Acquire Camelot Management Consultants To Enhance SAP And AI-Driven Supply Chain Capabilities

Cassava Sciences' Phase 3 Trial Expected To Conclude By December 2024 With 804 Patients; Second Trial With 1,125 Patients To End By June 2025; Successful Results Could Be Revolutionary

McDonald's Extends $5 Meal Deal Due To High Customer Traffic

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has agreed to acquire <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.camelot-mc.com%2F&amp;esheet=54096303&amp;newsitemid=20240718196863&amp;lan=en-US&amp;anchor=Camelot+Management+Consultants&amp;index=1&amp;md5=66db106b0d5be39836ccf37d08e1e9ec">Camelot Management Consultants</a>, an international SAP&#xAE;-focused management and technology consulting firm from Germany, with specific strengths in supply chain, data and analytics. The acquisition will further enhance Accenture's SAP and AI-driven supply chain capabilities, helping clients build the intelligent and resilient supply chains that today's business landscape demands.

Accenture To Acquire Camelot Management Consultants; No Financial Terms Disclosed

Deutsche Bank analyst Benjamin Black initiates coverage on Webtoon Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) with a Buy rating and announces Price Target of $25.

WBTN

Deutsche Bank Initiates Coverage On Webtoon Entertainment with Buy Rating, Announces Price Target of $25

Neuberger Brmn Nxt Gnratn Cnncty Fnd Inc (NBXG) is around the top of the Asset Management industry according to InvestorsObserver. NBXG received an overall rating of 49, which means that it scores higher than 49 percent of all stocks. Neuberger Brmn Nxt Gnratn Cnncty Fnd Inc also achieved a score of 78 in the Asset Managem

Does Neuberger Brmn Nxt Gnratn Cnncty Fnd Inc (NBXG) Have What it Takes to be in Your Portfolio Friday?

Neuberger Berman Next Generation Connectivity Fund declares $0.10 dividend

If Risk-On And IPOs Are Back On, NBXG Is A Must Buy

NBXG: Deep Discount Remains On This Tech-Heavy Fund

NBXG: A Good Way To Buy Technology At A Discount

A Look Back At My 'Sell GGT, Buy NBXG' Article A Year Later

BIGZ

BSTZ

MPWR

NVDA

RDDT

Mutual Funds

Press Releases

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND ANNOUNCES MONTHLY DISTRIBUTION

E-commerce revenue-based finance provider, Wayflyer announced that it has signed a $1 billion funding deal with investment firm, Neuberger Berman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBXG#NYSE">NBXG</a>). The funding, which is an off-balance sheet (OBS) program, will support Wayflyer&rsquo;s growth and <a href="https://www.benzinga.com/topic/ecommerce">expand its financing solutions.</a>

Wayflyer customers usually take out loans between $300,000 to $400,000 for inventory purchases, shipping costs, and other big-ticket items required for running an e-commerce business.

Agreement Details 
The agreement involves a potential acquisition of up to $1 billion in assets from funds administered by Neuberger Berman, with no specified timeframe for the transaction. Irish-based Wayflyer will use the capital to pay down some of the debt they raised earlier. With the OBS arrangement, Wayflyer is allowed to keep certain assets and liabilities from being reported on its balance sheet.

&ldquo;As e-commerce businesses seek to navigate growth amid the current economic conditions, we&rsquo;re seeing a growing demand for our reliable funding solutions, especially in the U.S. market,&rdquo; Wayflyer co-founder and CEO Aidan Corbett commented.

Also Read:&nbsp;<a href="https://www.benzinga.com/fintech/23/09/34279092/mastercard-fintech-saudi-join-forces-to-ramp-up-saudis-fintech-industry">Mastercard, Fintech Saudi Join Forces To Ramp Up Saudi&#39;s Fintech Industry</a>

What Does The Deal Signify? 
Wayflyer provides financing to e-commerce startups in exchange for a portion of their future revenue. With the e-commerce <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> rapidly growing, the need for specialized financing solutions is highly critical.

This partnership of Wayflyer with Neuberger Berman highlights the beginning of a new chapter in e-commerce growth and innovation. It will assist Wayflyer in supporting a greater number of businesses in the e-commerce <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector,</a> thereby driving growth.

&nbsp;

Wayflyer&#39;s Financial Moves 
In June 2023, Wayflyer renewed its $300 million debt financing with J.P Morgan, enabling it to support e-commerce merchants. The original credit line agreement was made in 2022. Meanwhile, in November 2022 the company reduced its global workforce by 40%.

Join the top thought leaders in the Fintech and Digital Assets industries&nbsp;at&nbsp;<a href="http://www.benzinga.com/go/Fintech-article-link" target="_blank">Benzinga&rsquo;s Fintech Deal Day &amp; Awards</a>&nbsp;event and the&nbsp;<a href="http://www.benzinga.com/go/crypto-conference-article-link" target="_blank">Future of Digital Assets Powered by Benzinga</a>&nbsp;event.

Now Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34281419/faas-market-will-soar-to-1t-crypto-asset-management-to-reach-3-1b-new-economic-titans">Fintech Market Will Soar To $1T, Crypto Asset Management To Reach $3.1B: New Economic Titans</a>

Photo: Shutterstock

Neuberger Berman's $1B Investment In Wayflyer Set To Transform E-commerce Lending

<h1>&nbsp;</h1>

During Tuesday, 17 stocks hit new 52-week lows.

<h2>Interesting Facts About Today&#39;s 52-Week Lows:</h2>

<ul>
	<li>The company with the largest market cap to set a new 52-week low was CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>).</li>
	<li>The smallest company by market cap to set a new 52-week low was LogicMark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>).</li>
	<li>SatixFy Communications (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SATX#AMEX">SATX</a>)&#39;s stock fell the most, as it traded down 56.71% to reach a new 52-week low.</li>
	<li>Brookfield Real Assets (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RA#NYSE">RA</a>) was the most promising stock of the group, with shares actually trading up 0.14% to bounce back after reaching its new 52-week low.</li>
</ul>

On Tuesday, the following stocks broke to new 52-week lows:

<ul>
	<li>CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) shares made a new 52-week low of $86.02 on Tuesday. The stock was down 0.86% for the day.</li>
	<li>Brookfield Real Assets (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RA#NYSE">RA</a>) stock hit $15.22 on Tuesday morning, setting a new 52-week low for a change of up 0.14%.</li>
	<li>Neuberger Berman Next (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBXG#NYSE">NBXG</a>) stock set a new 52-week low of $8.47 on Tuesday, moving down 1.17%.</li>
	<li>Bank of Marin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRC#NASDAQ">BMRC</a>) shares set a new yearly low of $29.01 this morning. The stock was down 3.52% on the session.</li>
	<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) shares were up 0.85% for the day, having made a 52-week low of $2.14.</li>
	<li>Guaranty Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NASDAQ">GNTY</a>) shares were down 1.29% for the day, having made a 52-week low of $33.61.</li>
	<li>Cerberus Cyber Sentinel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares were down 2.58% for the day, having made a 52-week low of $1.86.</li>
	<li>MVB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVBF#NASDAQ">MVBF</a>) stock dropped to a yearly low on Tuesday of $21.16. Shares traded down 1.75%.</li>
	<li>SatixFy Communications (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SATX#AMEX">SATX</a>) stock achieved a new 52-week low on Tuesday morning, hitting $2.69 and moving down 56.71%.</li>
	<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock achieved a new 52-week low on Tuesday morning, hitting $2.93 and moving down 8.54%.</li>
	<li>Cadrenal Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVKD#NASDAQ">CVKD</a>) stock dropped to a yearly low on Tuesday of $3.11. Shares traded down 18.37%.</li>
	<li>Arcimoto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUV#NASDAQ">FUV</a>) shares set a new yearly low of $2.02 this morning. The stock was down 4.63% on the session.</li>
	<li>Altamira Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>) shares were down 24.68% for the day, having made a 52-week low of $2.85.</li>
</ul>

Be sure to monitor Benzinga for the news traders need! And for even more up-to-date info on 52-week lows and highs, check out Benzinga Pro. This cutting-edge market research platform alerts traders of which stocks are trading near their 52-week highs and lows each morning - and delivers lots of other actionable data. <a href="https://pro.benzinga.com/?afmc=2a&amp;utm_source=benzinga.com&amp;utm_medium=web&amp;utm_campaign=premium_products">Learn more here</a>.

Options

BMRC

CISO

CVKD

CYTO

EVTL

GNTY

LGMK

MGOL

MVBF

SATX

Stocks That Hit 52-Week Lows On Tuesday

VXRT

WBEV

WELL

WHLM

WIMI

WINT

WPRT

XRAY

XXII

YALA

ZIMV

ZKIN

ZYNE

MSFT

HAPP

SSNC

AVGO

CSCO

ASML

CMCSA

QCOM

INTC

HSBC

SPGI

ISRG

AMAT

MUFG

EQIX

LRCX

KLAC

PAYX

SHOP

MRVL

DDOG

TROW

LCID

INVH

NTRS

DASH

ALGN

The number of IPOs launched in the second half of 2021 fell due to a lower number of SPAC IPOs. Traditional IPOs rebounded and saw eight listings that raised $1 billion or more.

IPO Offerings: There were 1,708 IPO offerings that raised $251.68 billion in the second quarter. This was a drop from the 2,215 IPOs and $351.33 billion raised in the first quarter, according to <a href="https://pages.marketintelligence.spglobal.com/rs/565-BDO-100/images/Q221%20M%26A%20and%20Equity%20Offerings%20Market%20Report%205fced641-88ed-4bff-8cf3-a76d9ec857fa.pdf">S&amp;P Global</a>.&nbsp;

Second-quarter offerings and money raised was the lowest since the second quarter of 2020.

One number that changed significantly in the second quarter was the percentage of SPACs in the offerings. SPAC offerings hit 26.7% of IPOs in the second quarter, which is significantly lower than the 75.4% in the first quarter and the lowest percentage since the third quarter of 2019.

Here is a look at the top 10 IPOs of the second quarter of 2021 and how they have performed.

1. AppLovin Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): A provider of advanced tools for mobile app developers, AppLovin <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20578435/ipo-preview-coinbase-applovin-tusimple-highlight-big-week-of-market-debuts">has </a>more than&nbsp;410 million daily active users. The company reported revenue of $1.45 billion in 2020, up 46% year-over-year. The company raised $2&nbsp;billion in its IPO pricing shares at $80.

Shares of AppLovin&nbsp;currently trade at $70.78, falling since the April listing.

2. UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>): Software company UiPath Inc raised $1.54 billion in its April IPO. The company <a href="https://www.benzinga.com/news/21/04/20674343/ipo-preview-uipath-inc-knowbe4-zymergen-latham-holdings-highlight-busy-week-of-offerings">had </a>annual recurring revenue of $580 million in the fiscal year ending Jan.&nbsp;31, 2021. The company had more than&nbsp;7,900 customers at the time of its offering, with over 1,000 of them paying $100,000 or more annually to the company.

Shares priced at $56 and hit a high of $90 after going public. Shares currently trade at $63.17, up from the IPO price.

3. Neuberger Berman Next Gen Connectivity Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBXG#NYSE">NBXG</a>): Launched in May, NBXG raised $1.50 billion in an offering for a closed-end fund. The closed-end fund has a theme of next-generation connectivity, which includes companies involved in the growth of 5G.

Shares priced at $20 and trade at $20.02, flat since the offering.

4. Marqeta Inc&nbsp;(NASDAQ:&nbsp;MQ): Card issuing company Marqeta raised $1.41 billion with a June IPO. The company <a href="https://www.benzinga.com/news/21/06/21483771/marqeta-ipo-preview-the-thing-behind-the-thing-providing-payment-cards-for-large-customers">provides </a>a platform powered by APIs that enable frictionless payment card experiences for its customers. The company has issued more than&nbsp;320 million cards since launching. Marqeta had revenue of $290.3 million in 2020, up 100% year-over-year.

The company priced shares at $27. Shares currently trade at $28.86, up slightly from the offering.

5. SentinelOne Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>): Cybersecurity company SentinelOne <a href="https://www.benzinga.com/news/21/06/21752948/ipo-preview-12-deals-to-watch-this-week">is </a>the world&rsquo;s first purpose-built artificial intelligence-powered extended detection and response company. The company had revenue of $93.1 million in fiscal 2021. The company raised $1.41 billion in its IPO, pricing shares at $35 each.

The stock has been one of the best-performing IPOs of the second quarter, with shares currently trading at $63.93.

Related Link: <a href="https://www.benzinga.com/news/21/07/21724172/7-ipos-to-watch-in-the-second-half-of-2021">7 IPOs To Watch In The Second Half Of 2021</a>

6. TuSimple Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSP#NASDAQ">TSP</a>): Autonomous trucking company TuSimple raised $1.35 billion in an April IPO. The company has over 2.8 million road-tested miles and more than 5,700 reservations for its autonomous trucks. The company plans to sell its products under a carrier-owned model and a pay-per-mile option.

Shares were priced at $40 and hit a high of $79.83 in June. Shares currently trade at $41.98.

7. Agilon Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>): Medicare-centric company Agilon Health raised $1.23 billion in an April IPO. The company serves more than&nbsp;210,000 patients in 17 geographic areas. Membership and revenue grew 45% and 53% year-over-year respectively in fiscal 2020.

The company priced shares at $23 a share. Agilon shares currently trade at $34.73, up from the IPO.

8. Western Asset Diversified Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDI#NYSE">WDI</a>): In June, Western Asset Diversified Income Fund raised $1.0 billion. The company is a closed-end fund that seeks to find high current income and capital appreciation.

Shares were&nbsp;priced at $20 and currently trade at $20.02. The fund has traded in a close range of $19.76 to $20.60 since going public.&nbsp;

9. Bright Health Group Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHG#NYSE">BHG</a>): Healthcare company Bright Health Group raised $0.92 billion in its June IPO. The company <a href="https://www.benzinga.com/news/21/06/21645365/ipo-preview-full-truck-alliance-sprinklr-mister-car-wash-soulgate-lead-busy-week-of-10-offerings">operates </a>in 99 markets across 13 states and works with more than&nbsp;200,000 providers and 600,000 members. The company had revenue of $1.2 billion in fiscal 2020.

Bright Health priced shares at $18, below the initial range of $20 to $23. Shares have fallen by around 50% since the offering, currently trading at $9.26.

10. Confluent Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>): Data infrastructure company Confluent helps more than 2,500 customers with omnichannel solutions, real-time inventory management solutions and other items. The company had revenue of $236.6 million in 2020.

Confluent priced shares at $36 and raised $0.83 billion in its IPO. Shares have performed well since the June IPO and are trading at $55.95.

Photo: <a href="http://Photo: Gerd Altmann via Pixabay">Gerd Altmann via Pixabay</a>

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