Spruce Point Capital

Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success.  Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed...

Perion Network Ltd (NASDAQ: PERI) shares are trading higher Thursday morning following preliminary results for Q2 2023.  The company expects to report revenues of $176.0 million (+20% Y/Y) vs. consensus of $169.88 million and adjusted EBITDA of $40.0 million (+40% Y/Y),...

Wall Street Journal Yelp Stock Soars: Activist Investor Recommends Exploring Sale At Double Value Activist investor TCS Capital Management has built a stake in Yelp Inc (NYSE: YELP) and urged the service-recommendation site to explore strategic alternatives, including a sale....

A short report issued by Spruce Point Capital on Tuesday raises concerns about the financial practices of Perion Network, Ltd. (NASDAQ: PERI). The short seller is questioning the company's reporting and growth sustainability, with the report stating the situation could result in...

The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), posted a gain of 6.2% in the first quarter of 2023, while technology stocks in the Nasdaq 100 index, which is tracked by the Invesco QQQ Trust Series 1 (ARCA: QQQ), fared much better by posting a 20% increase in...

Essential Utilities Inc (NYSE: WTRG) shares are trading higher by 1.40% to $42.07 Wednesday afternoon. The stock is trading higher during Wednesday's session and off the session low of $40.64 following a short sell investment opinion from Spruce Point Capital Management. Among several points in...

The overarching stock story of 2023 — while still early into the year — has been focused on artificial intelligence, namely OpenAI’s sophisticated chatbot ChatGPT. ChatGPT is a large-language chatbot driven by AI tech that allows users to have human-like conversations and...

Shares of C3.ai Inc (NYSE: AI) surged following the announcement of its partnership with ChatGPT, but not everyone is convinced of the company's profitability. What Happened: Short seller Spruce Point Capital reaffirmed its recent report on C3.ai Tuesday, doubling down on claims that ...

Spruce Point Capital Management, LLC shared a Strong Sell research opinion on Super Micro Computer, Inc (NASDAQ: SMCI), susceptible to up to 40% - 50% downside risk, or $42.39 – $50.86 per share. The SEC penalized SMCI by $17.5 million and urged CEO Charles Liang to...

Jason Calacanis helped solidify his spot in the investing world with lucrative early stakes in companies like Uber Technologies (NASDAQ: UBER), Trello, Robinhood Markets (NASDAQ: HOOD) and others. Calacanis famously turned a $25,000 investment into $100 million with his early-stage investment...

In a short report initiated April, 1 2020 with two accompanying updates, Spruce Point Capital Management warned that WD-40 Company (NASDAQ:WDFC) is widely misunderstood and believed to be defensive, but in reality faces both long- and short-term secular pressures."In April 2020 we warned that WD-40...

On Monday's (Oct. 24) episode of the "Stock Market Movers," host Mitch Hoch spoke to Ben Axler, founder and chief investment officer of Spruce Point Capital Management about the biggest opportunities and short potentials for retail investors. Axler and Hoch went through...

In a short report on Generac Holdings Inc. (NYSE: GNRC) that was issued in June, Spruce Point Capital Management speculated the company might be overvalued. A popular stock, Generac has been a top performer over the past 10 years with returns of more than 1,000% during that...

Oatly Group (NASDAQ: OTLY) faces a consumer environment that is likely to become “particularly volatile” in Europe and Asia, according to Credit Suisse. The Oatly Analyst: Kaumil Gajrawala downgraded the rating for Oatly to Neutral, while reducing the price target from $6 to $3.43. The...

Near the end of August, billionaire investor Ron Baron said he was incredibly bullish on Tesla Inc (NASDAQ: TSLA), SpaceX and a small apparel company he called "the Lululemon of healthcare." Just weeks later, a short seller is taking the other side of the Tesla bull...