Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Redwood Trust, Inc. (NYSE:RWT) shares dropped 3.07% and closed at $19.59 in the last trading session after investment analysts at Deutsche Bank raised their target price on shares of Redwood Trust from $20.50 to $25.50 in a note issued to investors on Feb. 22. The firm currently has a “buy” rating on the stock.
Additionally, the company released its earnings data on February 21. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.20.
Is RWT after A Solid Pop Up? Find Out Here
Ellie Mae Inc (NYSE:ELLI) shares fell 2.93% to $19.53. ELLI’s shares had its target price lifted by Maxim Group from $28.00 to $30.00 in a research note issued to investors on Feb. 15. The firm currently has a buy rating on the stock.
Additionally, the company, on Feb. 14, reported results for the fourth quarter and fiscal year ended December 31, 2012. Total revenue for the fourth quarter of 2012 increased 60% to $29.9 million, compared to $18.8 million in the fourth quarter of 2011. Net income for the fourth quarter of 2012 was $4.0 million, or $0.14 per diluted share, compared to net income of $1.8 million, or $0.08 per diluted share, in the fourth quarter of 2011.
Will ELLI Continue To Trend Higher After The Recent Gain? Find Out Here
Humana Inc. (NYSE:HUM) stock declined 2.81% to $70.61. The company, last week, said that the government's proposed 2014 payment rates for Medicare Advantage participants were too low and would hurt its profit outlook, sending its shares down 10%. Medicare Advantage is the Medicare program in which private insurers provide health insurance to seniors and are reimbursed by the government. Humana has some 2 million members enrolled in Medicare Advantage programs.
Is HUM a Buy Opportunity After The Recent Slump? Find Out Here
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