Latest news with #B.Riley
Yahoo
21 hours ago
- Business
- Yahoo
B. Riley Financial Granted Extension From Nasdaq Regarding Listing Rules
Announces Notification of Additional Delinquency with Nasdaq for Late Filing of Annual Report on Form 10-K for the period ended December 31, 2024 and its Quarterly Report on Form 10-Q for the period ended March 31, 2025 Expects to Return to Normal Filing Cadence by Fall 2025 LOS ANGELES, June 6, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it received an additional delinquency notification letter from Nasdaq on June 4, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Annual Report on Form 10-K for the period ended December 31, 2024 and its Quarterly Report on Form 10-Q for the period ended March 30, 2025. The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq. The Notice states that based on Nasdaq's further review and the materials submitted on June 2, 2025, the Staff has determined to grant an exception to enable the Company to regain compliance with the Rule. The Notice also indicates that this exception to allow the Company to regain compliance with all delinquent filings will be due on or before September 29, 2025. The Company regrets the continued delays in its Annual and Quarterly filings, which have been impacted by a confluence of significant events and transactions completed in 2024. The Company is working diligently to file the Annual and Quarterly Reports as promptly as practical, and expects to return to a normal filing cadence by Fall 2025. About B. Riley FinancialB. Riley Financial is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit Forward-Looking Statements Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024 and September 30, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information. Contacts Investorsir@ Mike FrankVP Corporate Development & Investor Relationsmfrank@ Mediapress@ View original content: SOURCE B. Riley Financial Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why Applied Digital Stock Skyrocketed Again Today
Applied Digital stock is seeing strong momentum following the announcement of the company's big deal with CoreWeave. B. Riley raised its one-year price target on Applied Digital stock from $8 to $15 per share today. Applied Digital expects to generate $7 billion in revenue over 15 years through its contracts with CoreWeave. 10 stocks we like better than Applied Digital › Applied Digital (NASDAQ: APLD) stock closed out Wednesday's trading with another day of explosive gains. The company's share price was up 29.6% at the end of the daily session. Applied Digital stock rocketed higher today after B. Riley published new coverage on the company and dramatically increased its one-year valuation forecast. Investors are feeling bullish after the data-center specialist announced a major new deal with CoreWeave. Applied Digital stock is now up roughly 78% over the last week of trading. Before the market opened this morning, B. Riley reiterated a buy rating on Applied Digital and delivered a huge price-target increase for the stock. The investment firm raised its one-year price forecast from $8 per share to $15 per share following news that Applied Digital has signed a large contract with CoreWeave. At today's closing price, Applied Digital would have to rise roughly 13% higher to hit B. Riley's price target. On Monday, Applied Digital announced that it had entered into agreements to two 15-year lease agreements with CoreWeave. Applied Digital will provide data center and artificial intelligence (AI) processing hardware and services through the lease, and is expected to see approximately $7 billion in revenue from the deal. Applied Digital is restructuring some aspects of its business, but the company's recently announced deal with CoreWeave has quickly shifted the story surrounding the stock. While the company is valued at roughly $3 billion on the heels of its latest valuation run-up, having roughly $7 billion in sales already contracted for over the next 15 years establishes an encouraging performance floor. And in addition to the future sales contribution, CoreWeave's endorsement is also an encouraging sign. Before you buy stock in Applied Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Applied Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Applied Digital Stock Skyrocketed Again Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Wix.com price target lowered to $230 from $240 at B. Riley
B. Riley analyst Naved Khan lowered the firm's price target on (WIX) to $230 from $240 and keeps a Buy rating on the shares following the Q1 results. continues to see strong demand trends, with Partner Channel benefiting from the popularity of Studio and AI enhancements driving DIY growth, while Q2-to-date trends have remained healthy, the analyst tells investors in a research note. The company's track record of product innovation and the recent launches position the business for sustained share gains and healthy growth in bookings and free cash flow, the firm says. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WIX: Disclaimer & DisclosureReport an Issue Deckers downgraded, Morgan Stanley upgraded: Wall Street's top analyst calls acquires Hour One to expand generative AI capabilities upgraded to Outperform from Neutral at Baird Ltd's Strong Start to 2025: Earnings Call Highlights price target lowered to $200 from $257 at Seaport Research Sign in to access your portfolio
Yahoo
24-05-2025
- Business
- Yahoo
Moderately bullish activity in AMC Entertainment with shares down 0.46%
Moderately bullish activity in AMC Entertainment (AMC), with shares down 2c near $ volume nearly triple the daily average with 83k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.15. Implied volatility (IV30) is higher by 1.4 points near 97.84,in the top quartile of the past year, suggesting an expected daily move of $0.20. Put-call skew flattened, suggesting a modestly bullish tone. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on AMC: Disclaimer & DisclosureReport an Issue Unusually active option classes on open May 19th AMC Entertainment's Stock Soars Amid Market Buzz B. Riley Financial Cuts AMC Entertainment Stock Price Target In Half AMC Entertainment rises 10.3% AMC Entertainment price target lowered to $3 from $6 at B. Riley
Bloomberg
13-05-2025
- Business
- Bloomberg
B. Riley Overshoots Another Deadline for Filing Results with SEC
B. Riley Financial Inc. added to its tally of overdue regulatory filings, this time missing the deadline for quarterly results as soured investments mounted. The report is delayed because B. Riley is still working on finishing its delinquent full-year report for 2024, the Los Angeles-based financial services firm told the US Securities and Exchange Commission on Tuesday.
