Ultime notizie per BM Technologies (AMEX:BMTX) Azioni

BM Technologies

BM Technologies Inc provides digital banking and disbursement services to consumers and students nationwide through a full-service fintech banking platform, accessible to customers anywhere and anytime through digital channels. It facilitates deposits and banking services between a customer and its Partner Bank, Customers Bank, which is a related party and is a Federal Deposit Insurance Corporation (FDIC) insured bank. The company has four primary revenue sources: interchange and card revenue, servicing fees, account fees, and university fees. The majority of revenues are driven by customer activity (deposits, spending, transactions, etc.) and may be paid or passed through by customer banks, universities, or paid directly by customers.

BM Technologies Inc

<p><strong>2024 Financial Guidance</strong></p>
<p>The company now expects 2024 Adjusted EBITDA between $7 billion and $7.150 billion, which is an increase to the midpoint of guidance by $125 million. In addition, the company continues to expect 2024 growth capex between $1.45 billion and $1.75 billion and maintenance capex between $1.1 billion and $1.3 billion, which includes capital of $350 million for emissions reduction and modernization initiatives. For 2025, the company continues to expect Adjusted EBITDA between $7.2 billion and $7.6 billion with growth capex between $1.65 billion and $1.95 billion and maintenance capex between $750 million and $850 million, which includes capital of $100 million for emissions reduction and modernization initiatives. Williams anticipates a leverage ratio midpoint for 2024 of 3.80x and an increase in the dividend by 6.1% on an annualized basis to $1.90 in 2024 from $1.79 in 2023.</p>


News

Guidance

Williams Sees FY24 Adj. EBITDA $7B-$7.15B

<p><strong>Outlook</strong></p>
<p>The company is providing the following guidance for fiscal 2025:</p>
<p><figure class="table"><br />
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Fiscal 2025 Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenues</td>
<td colspan="1" rowspan="1">$1.98 billion</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP Net Income</td>
<td colspan="1" rowspan="1">$624 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP EPS</td>
<td colspan="1" rowspan="1">$25.05</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Net Income</td>
<td colspan="1" rowspan="1">$712 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP EPS</td>
<td colspan="1" rowspan="1">$28.58</td>
</tr>
</tbody>
</table>
<p></p></figure>
</p><p>The Non-GAAP financial measures are described in the financial table captioned "Reconciliation of Non-GAAP Guidance."</p>


FICO

Fair Isaac Corp Sees FY25 EPS $28.58 Vs $29.75 Est.; Revenue $1.98B Vs $1.98B Est.

<p><a href="https://www.youtube.com/live/WckEFzGku0Q?si=xYoX2IKIbpXW2PQ7" title="https://www.youtube.com/live/WckEFzGku0Q?si=xYoX2IKIbpXW2PQ7">https://www.youtube.com/live/WckEFzGku0Q?si=xYoX2IKIbpXW2PQ7</a></p>


Politics

General

LIVE: Kamala Harris delivers concession speech - AP

<p>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) is looking for Q4 Adj EPS of $0.48-0.51 vs $0.53 analyst estimate. seessales of $211.000 million-213.000 million vs $211.77 million estimate.</p>


Rapid7 Sees Q4 Adj EPS $0.48-0.51 vs $0.53 Est; Sees Sales $211.000M-213.000M vs $211.77M Est

<p>Recursion Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) reported quarterly losses of $(0.34) per share which beat the analyst consensus estimate of $(0.37) by 8.11 percent.  The company reported quarterly sales of $26.082 million which missed the analyst consensus estimate of $29.843 million by 12.60 percent.  This is a 147.62 percent increase over sales of $10.533 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

RXRX

Recursion Pharmaceuticals Q3 2024 GAAP EPS $(0.34) Beats $(0.37) Estimate, Sales $26.082M Miss $29.843M Estimate

<p>TTEC Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEC#NASDAQ">TTEC</a>) lowers FY2024 Adj EPS guidance from $0.74-0.97 to $0.64-0.83 vs $0.80 analyst estimate. Affirms FY2024 sales outlook from $2.21 billion-2.26 billion to $2.21 billion-2.26 billion vs $2.22 billion estimate.</p>


TTEC

TTEC Holdings Lowers FY2024 Adj EPS Guidance from $0.74-0.97 to $0.64-0.83 vs $0.80 Est; Affirms FY2024 Sales Guidance from $2.21B-2.26B to $2.21B-2.26B vs $2.22B Est

<p>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) raises FY2024 Adj EPS guidance from $2.15-2.20 to $2.28-2.31 vs $2.17 analyst estimate. Raises FY2024 sales outlook from $833.00 million-837.00 million to $839.00 million-841.00 million vs $834.13 million estimate.</p>


Rapid7 Raises FY2024 Adj EPS Guidance from $2.15-2.20 to $2.28-2.31 vs $2.17 Est; Raises FY2024 Sales Guidance from $833.00M-837.00M to $839.00M-841.00M vs $834.13M Est

Permian Resources Q3 Oil Sales $1.099B

<p>Bridge Investment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRDG#NYSE">BRDG</a>) reported quarterly sales of $101.51 million which beat the analyst consensus estimate of $82.90 million by 22.44 percent.  This is a 4.48 percent decrease over sales of $106.27 million the same period last year.</p>


BRDG

Bridge Investment Group Q3 Sales $101.51M Beat $82.90M Estimate

CLOV

Clover Health Sees FY24 Adj. EBITDA Profitability $55M-$65M

<p>Sterling Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) reported quarterly earnings of $1.97 per share which beat the analyst consensus estimate of $1.71 by 15.2 percent. This is a 56.35 percent increase over earnings of $1.26 per share from the same period last year.  The company reported quarterly sales of $593.74 million which missed the analyst consensus estimate of $613.63 million by 3.24 percent.  This is a 5.96 percent increase over sales of $560.35 million the same period last year.</p>


STRL

Sterling Infrastructure Q3 EPS $1.97 Beats $1.71 Estimate, Sales $593.74M Miss $613.63M Estimate

<p>Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.06) by 100 percent.  The company reported quarterly sales of $122.751 million which missed the analyst consensus estimate of $125.853 million by 2.47 percent.  This is a 3.99 percent decrease over sales of $127.854 million the same period last year.</p>


NDLS

Noodles Q3 2024 Adj. EPS $(0.12) Misses $(0.06) Estimate, Sales $122.751M Miss $125.853M Estimate

<p>Crane NXT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXT#NYSE">CXT</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.14 by 1.75 percent.  The company reported quarterly sales of $403.500 million which beat the analyst consensus estimate of $392.440 million by 2.82 percent.  This is a 14.34 percent increase over sales of $352.900 million the same period last year.</p>


Crane NXT Q3 2024 Adj. EPS $1.16 Beats $1.14 Estimate, Sales $403.500M Beat $392.440M Estimate

<p>Brookdale Senior Living (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKD#NYSE">BKD</a>) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $(0.17) by 29.41 percent.</p>


Brookdale Senior Living Q3 2024 Adj. EPS $(0.22) Misses $(0.17) Estimate

<p>Veracyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) raises FY2024 sales outlook from $432.00 million-438.00 million to $442.00 million-445.00 million.</p>


VCYT

Veracyte Raises FY2024 Sales Guidance from $432.00M-438.00M to $442.00M-445.00M  VS Est. 436.14M

CLNE

Clean Energy Fuels Sees FY24 Adj. EBITDA $62M-$72M

<p>VIZIO Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZIO#NYSE">VZIO</a>) reported quarterly earnings of $0.00 per share which beat the analyst consensus estimate of $(0.02) by 105 percent.  The company reported quarterly sales of $444.70 million which beat the analyst consensus estimate of $443.80 million by 0.20 percent.  This is a 4.34 percent increase over sales of $426.20 million the same period last year.</p>


VZIO

VIZIO Holding Q3 2024 GAAP EPS $0.00 Beats $(0.02) Estimate, Sales $444.70M Beat $443.80M Estimate

<p>LiveRamp Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAMP#NYSE">RAMP</a>) raises FY2025 sales outlook from $715.00 million-735.00 million to $737.00 million-739.00 million.</p>


RAMP

LiveRamp Holdings Raises FY2025 Sales Guidance from $715.00M-735.00M to $737.00M-739.00M

<p>Clover Health Investments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.04) by 50 percent.  The company reported quarterly sales of $330.99 million which missed the analyst consensus estimate of $346.28 million by 4.42 percent.  This is a 8.16 percent increase over sales of $306.03 million the same period last year.</p>


Clover Health Investments Q3 2024 GAAP EPS $(0.02) Beats $(0.04) Estimate, Sales $330.99M Miss $346.28M Estimate

<p>LiveRamp Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAMP#NYSE">RAMP</a>) sees Q3 sales of $191.000 million vs $188.55 million estimate.</p>


LiveRamp Holdings Sees Q3 Sales $191.000M vs $188.55M Est

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Many people scour through <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to &ldquo;find the next <strong>Google</strong>,&rdquo; and while doing that is exceedingly difficult&mdash;or even impossible&mdash;I still think it makes sense to keep an eye out for many up-and-coming companies that could deliver multibagger returns if the stars align for them. Who knows? Maybe these companies could even join the top 100 list!</p>



<p>Setting aside a small portion of your portfolio for these moonshot picks makes sense. If they keep gaining market share and their tailwinds get better, I think it is possible to realize outsized gains from some of these penny stocks.</p>



<p>Regardless, I would warn that this is highly speculative. These companies <em>could</em> make it to the top 100 list, but the chance of them not doing so is far greater. With that in mind, let&rsquo;s dive in and look at the penny stocks!</p>



<h2>Blade Air Mobility (BLDE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/blde-stock-1-300x169.jpg" alt="The Blade Air Mobility (BLDE) logo displayed on a smartphone screen."><div>Source: Wirestock Creators / Shutterstock.com</div></div><p><strong>Blade Air Mobility</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/blde-stock-quote/"><strong>BLDE</strong></a>) operates as a technology-powered air mobility platform. I believe this high-risk, high-reward penny stock could potentially join the ranks of America&rsquo;s top companies if it can successfully capitalize on the nascent flying car megatrend.</p>



<p>In Q1, Blade posted strong <a target="_blank" href="https://finance.yahoo.com/news/blade-air-mobility-inc-blde-124233218.html">13.8% revenue growth to $51.5 million</a>. Notably, its core medical transport business achieved record revenue and profitability, cementing Blade&rsquo;s position as the nation&rsquo;s largest dedicated air transporter of human organs.</p>



<p>However, the real moonshot potential lies in Blade&rsquo;s ambitious bet on flying cars and air taxis. While this remains highly experimental, a future where flying vehicles take to the skies en masse could revolutionize transportation and propel first movers like Blade to incredible heights. Analysts are quite bullish here.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-69.png"><img width="1226" height="455" src="https://investorplace.com/wp-content/uploads/2024/06/chart-69.png" alt="BLDE stock price targets"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>Of course, we are likely years away from viable flying car services. Blade will need to keep its medical segment humming to fund this speculative innovation. But with little domestic competition thus far, Blade seems well-positioned to ride the air mobility wave if the stars align.</p>



<h2>Creative Realities (CREX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/growthstocks1600-1-300x169.png" alt="Explore the stock market trends for 2024 with analytical visuals of businessman planning long term investments and future business growth, Navigate towards success with smart strategies. growth stocks with millionaire potential"><div>Source: Thapana_Studio / Shutterstock.com</div></div><p><strong>Creative Realities</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/crex-stock-quote/"><strong>CREX</strong></a>) provides digital signage solutions. I believe CREX is a penny stock that could become a big player in the rapidly growing digital signage industry. The company posted record Q1 <a target="_blank" href="https://www.msn.com/en-us/money/companies/creative-realities-inc-nasdaqcrex-q1-2024-earnings-call-transcript/ar-BB1mmPAa?apiversion=v2&amp;noservercache=1&amp;domshim=1&amp;renderwebcomponents=1&amp;wcseo=1&amp;batchservertelemetry=1&amp;noservertelemetry=1">revenue of $12.3 million, up a robust 23.5% year-over-year</a>. While the pandemic may have initially overinflated the digital signage space, the current hype around these stocks is more organic and supported by strengthening fundamentals.</p>



<p>As more companies embrace remote work, the demand for effective digital communication and collaboration tools is skyrocketing. CREX&rsquo;s impressive 45% YOY growth in high-margin service revenue reflects this megatrend. Moreover, annual recurring revenue hit a record $17.7 million.</p>



<p>I think it could generate billions in revenue if it keeps executing. Again, this is highly optimistic but still in the realm of possibility. This industry could be <a target="_blank" href="https://www.precedenceresearch.com/digital-signage-market">worth nearly $52 billion by 2033</a>.</p>



<h2>FlexShopper (FPAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains. fintech stocks to buy"><div>Source: shutterstock.com/ZinetroN</div></div><p><strong>FlexShopper</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fpay-stock-quote/"><strong>FPAY</strong></a>) offers a lease-to-own platform for consumers to obtain durable goods. I believe this innovative business model is well-positioned to thrive in the current economic climate and beyond. With inflation squeezing budgets, many middle&mdash;and lower-income consumers are shying away from big-ticket purchases. FlexShopper&rsquo;s lease-to-own solution provides an attractive alternative, allowing customers to acquire needed items with manageable payments and the option for ownership.</p>



<p>In Q4, FlexShopper delivered <a target="_blank" href="https://www.investing.com/news/stock-market-news/earnings-call-flexshopper-reveals-robust-q4-growth-and-strategic-expansions-93CH-3362469">strong 42% YOY growth in net lease</a> and loan revenues, and gross profit skyrocketed over 300%. Notably, FlexShopper is strategically expanding its flexshopper.com business from a lease-focused lead generator into a multi-faceted retail platform. FlexShopper aims to significantly boost the conversion of site visitors into paying customers by offering additional payment options to suit various credit profiles. Management also plans to widen product selection and onboard more merchant partners. I find this business model very interesting.</p>



<h2>CareCloud (CCLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/healthcare-1600-300x169.jpg" alt="Nurse holding a tablet with icons representing different aspects of healthcare and healthcare data representing CANO stock. Healthcare Tech Stocks. Healthcare Stocks to Buy"><div>Source: metamorworks / Shutterstock</div></div><p><strong>CareCloud</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ccld-stock-quote/"><strong>CCLD</strong></a>) provides healthcare organizations with technology-enabled solutions for medical billing and revenue cycle management. I believe this small-cap company is well-positioned to benefit from the accelerating trend of healthcare providers outsourcing these critical functions to streamline operations and boost profitability. CareCloud&rsquo;s niche automated software has significant room for growth as the healthcare industry continues to be among the fastest-expanding sectors.</p>



<p>However, the company&rsquo;s Q1 results were sluggish, with <a href="https://ir.carecloud.com/news-events/press-releases/detail/648/carecloud-reports-first-quarter-2024-results" target="_blank">revenue declining 13.5% YOY to $26 million</a>, slightly missing estimates. Management attributed this primarily to lower non-recurring revenue from its MedSR division. On a positive note, CareCloud&rsquo;s digital health offering saw revenue surge nearly 4x compared to the prior year, highlighting the potential for cross-selling its higher-margin tech-enabled RCM services to existing clients. We could also see some near-term upside due to improving EPS.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-70.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-70.png" alt="CCLD EPS estimates"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>While the company is laser-focused on profitability and cash flow generation, having already identified $22 million in annualized cost reductions, its near-term growth prospects remain muted. That said, in a best-case scenario, CareCloud&rsquo;s unique positioning in a rapidly growing industry could turn it into one of the biggest companies.</p>



<h2>BM Technologies (BMTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/digital-banking-1600-300x169.png" alt="hand using online banking and icon on tablet screen device in coffee shop"><div>Source: PopTika / Shutterstock</div></div><p><strong>BM Technologies</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/bmtx-stock-quote/"><strong>BMTX</strong></a>) provides digital banking services to colleges and universities. The company reported strong Q1 2024 results, with <a target="_blank" href="https://www.alphaspread.com/security/nyse-mkt/bmtx/earnings-calls/q1-2024">revenue up 21% YOY to $16.2 million</a> and positive core EBITDA of $1.4 million, a $3.2 million improvement. Net income of $748,000 was a $5.7 million increase from the prior year.</p>



<p>I believe BMTX could be poised for a major turnaround as interest rates stabilize and the banking sector recovers. Digital banking is a massive growth trend, and BMTX has a dominant position in the university market, serving 1 in 3 college students. This gives them a wide moat to expand into adjacent areas over time.</p>



<p>With five straight quarters of improving EBITDA, BMTX&rsquo;s foundation looks solid. If macro tailwinds cooperate, this under-the-radar fintech could be a hidden gem ready to capitalize on the digital banking megatrend in the coming years.</p>



<h2>SmartRent (SMRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600b-300x169.jpg" alt="software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity"><div>Source: Shutterstock</div></div><p><strong>SmartRent</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/smrt-stock-quote/"><strong>SMRT</strong></a>) provides smart home automation solutions for the rental housing industry. I believe this penny stock has the potential to capitalize on powerful megatrends and tailwinds in the residential real estate sector. While there is ongoing debate surrounding housing, demand for homes remains robust, driven by significant migration patterns and the proliferation of smaller family units.</p>



<p>Moreover, homes are increasingly viewed as investments, and as mortgage rates decline, many working individuals may find themselves holding mortgages on multiple properties to generate rental income. SmartRent&rsquo;s innovative platform, which integrates with leading property management systems, is well-positioned to benefit from these evergreen tailwinds.</p>



<p>In Q1, the company <a target="_blank" href="https://www.marketscreener.com/quote/stock/SMARTRENT-INC-126415152/news/Earnings-Flash-SMRT-SMARTRENT-Posts-Q1-Revenue-50-5M-vs-Street-Est-of-51-1M-46665623/">reported $50.5 million in revenue</a>, with SaaS recurring revenue growing 32% YOY to nearly $12 million. SmartRent also achieved positive adjusted EBITDA for the second consecutive quarter, beating guidance. Analysts <a target="_blank" href="https://seekingalpha.com/symbol/SMRT/earnings/estimates">expect 15-20% annual revenue growth</a> going forward, but rate cuts could boost that in the long run.</p>



<h2>WM Technology (MAPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cannabis-stocks1600-300x169.png" alt="Marijuana Cannabis Leaf Stock Market Symbol Company Business 3d Illustration. Cannabis stocks"><div>Source: iQoncept / Shutterstock.com</div></div><p><strong>WM Technology</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/maps-stock-quote/"><strong>MAPS</strong></a>) provides software infrastructure solutions for the cannabis industry. After a challenging 2023, I believe this beaten-down stock is poised for a major rebound as tailwinds start blowing in its favor again. In Q1, <a target="_blank" href="https://ir.weedmaps.com/news-releases/news-release-details/wm-technology-inc-reports-financial-results-first-quarter-2024">revenue dipped slightly to $44.4 million</a>, but net income surged to $2 million. Adjusted EBITDA also grew nicely to $9.6 million.</p>



<p>Most encouragingly, WM Technology&rsquo;s cash position increased significantly to $35.7 million. This strengthened balance sheet gives them ample dry powder to invest in growth as the cannabis industry rapidly expands. I expect that the momentum of accelerating legalization will act as a rising tide that lifts profitable companies in the sector. MAPS can definitely survive until then due to positive EBIT.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-71.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-71.png" alt="WM Technology revenue EBIT"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>As one of the best pure-play cannabis <a href="https://investorplace.com/industries/technology/">tech stocks</a>, I believe this dark horse is galloping toward a much brighter future and has the potential to become a sector heavyweight.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/7-penny-stocks-that-could-join-the-top-100-companies-list/">7 Penny Stocks That Could Join the Top 100 Companies List</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Penny Stocks That Could Join the Top 100 Companies List

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Software and <a href="https://investorplace.com/industries/technology/">tech stocks</a>, especially those in the sizzling AI and social media fields, have been the stars of the show. However, these high-flyers are just a sliver of the oversold tech stocks trading on the market today.</p>



<p>There&rsquo;s a treasure trove of oversold tech stocks still waiting to be discovered. These hidden gems could be primed for a major comeback as interest rate cuts kick in and the economy shifts into a new cycle. Sure, betting on recovery plays is always a bit of a gamble. That said, the potential upside often justifies the downside risk of these already-depressed stocks.</p>



<p>Here are seven oversold tech stocks to consider looking into:</p>



<h2>Snapchat (SNAP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/snapchat-app-300x169.png" alt="The Snapchat (SNAP) and Instagram apps on displayed on an iPhone, which sits on a gray background."><div>Source: BigTunaOnline / Shutterstock</div></div><p><strong>Snapchat</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/snap-stock-quote/"><strong>SNAP</strong></a></span>) doesn&rsquo;t really need an introduction. However, if you&rsquo;re new to the social media world, Snapchat is basically a visual messaging app. The stock has experienced significant volatility over the past year, trading in a depressed range despite being up 20% as of writing. I believe there is huge upside potential for SNAP going forward.</p>



<p>Snapchat reported <a href="https://www.cnbc.com/2024/04/25/snap-snap-q1-2024-earnings-.html#:~:text=Snap%20reported%20first-quarter%20results,in%20the%20company%27s%20advertising%20platform." target="_blank">revenue of $1.19 billion</a> in Q1 2024, a 21% increase year-over-year. The company also saw its daily active users grow 10% to 422 million. Despite this growth, Snapchat&rsquo;s average revenue per user (ARPU) has remained stagnant. I see significant room for improvement in this metric, which could drive the oversold tech stock higher. Earnings per share is also expected to recover massively in the coming quarters.</p>



<p>Another major potential tailwind for Snapchat is the possibility of TikTok getting banned in the U.S., Given the significant user overlap between the two apps. I believe Snapchat would be a prime beneficiary if TikTok refugees need a new platform. This could provide a substantial boost to Snapchat.</p>



<h2>PayPal (PYPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/pypl1600-1-300x169.png" alt="PayPal Holdings, Inc. (PYPL) icon displayed on smartphone with keyboard background. is an American multinational financial technology company operating an online payment"><div>Source: Poetra.RH / Shutterstock.com</div></div><p><strong>PayPal</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pypl-stock-quote/"><strong>PYPL</strong></a></span>) is a digital payment platform that enables online money transfers for consumers and merchants worldwide. The stock has remained depressed for an extended period, largely due to high interest rates suppressing transaction volumes and a slowdown in user growth following the COVID-19 boom. However, I believe there are compelling reasons for optimism about PayPal&rsquo;s future prospects.</p>



<p>PayPal&rsquo;s core financials remain robust. The company made $5 billion in buybacks last year and is doing it again this year. Revenue growth also came in at 9.4%, which is not that bad compared to its historical top-line growth. The financials suggest the stock should&rsquo;ve recovered back to its pre-pandemic levels at least a year ago. That hasn&rsquo;t been the case due to user account growth in the negatives and cash flow taking a hit from buybacks.</p>



<p>Notably, user account growth <a href="https://www.statista.com/statistics/218493/paypals-total-active-registered-accounts-from-2010/" target="_blank">has turned positive again</a>, well, sequentially. However, this could imply an inflection point.</p>



<h2>ACM Research (ACMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/acmr-stock-1-300x169.jpg" alt="a magnifying glass enlarges the ACM logo on a website"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p><strong>ACM Research</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/acmr-stock-quote/"><strong>ACMR</strong></a></span>) develops and sells semiconductor process equipment for wet cleaning, electroplating and other processes. I&rsquo;m bullish on this U.S. based company as it&rsquo;s well-positioned to benefit from the AI and data boom, along with the billions in tax breaks and subsidies being poured into the semiconductor industry.</p>



<p>ACM Research has been one of the fastest-growing players in the space, reporting a <a href="https://investorplace.com/2024/07/3-silent-stocks-set-to-surprise-investors-with-10x-growth/?utm_source=Nasdaq&amp;utm_medium=referral">105% year-over-year revenue surge</a> to $152.2 million in Q1 2024. The company&rsquo;s gross margin remained strong at 52.5%, and it&rsquo;s making strategic expansions in the U.S., Korea and Europe. Analysts have a &ldquo;Strong Buy&rdquo; consensus on the stock, with an average price target of <a href="https://www.tipranks.com/stocks/acmr/forecast" target="_blank">$37.91, representing a 54.8% upside</a>.</p>



<p>As long as the demand for advanced chips continues, driven by megatrends like generative AI, I believe ACM Research has the ingredients to keep compounding. The company is well-positioned to capture a piece of the over $70 billion in federal subsidies being sought by chipmakers. While there are risks, the overall semiconductor industry outlook for 2024 looks promising, with sales expected to rebound by 13% to $588 billion. I think ACM Research is a compelling play on these tailwinds.</p>



<h2>Innovid (CTV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/imbi-television-tv-1600-300x169.jpg" alt="A remote being held and pointed at a black flatscreen tv with two potted plants on either side"><div>Source: shutterstock.com/Gaurav Paswan</div></div><p><strong>Innovid</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ctv-stock-quote/"><strong>CTV</strong></a></span>) is an independent software platform for creating, delivering, measuring and optimizing advertising across connected TV, linear TV and digital. I believe the company is well-positioned to benefit from the megatrends of increasing ad spending and a renewed focus on growth by Wall Street. Companies are bumping up their ad budgets again, and Innovid&rsquo;s innovative solutions in the fast-growing connected TV space make it an attractive option for advertisers looking to maximize their return on investment.</p>



<p>Despite a recent decline, Innovid&rsquo;s stock is still up an impressive 44% over the past year. The company exceeded revenue expectations in Q1 2024, reporting <a target="_blank" href="https://markets.ft.com/data/announce/detail?dockey=600-202405070730BIZWIRE_USPRX____20240507_BW073455-1">$36.7 million in revenue</a>, a solid 21% year-over-year increase. This beat analyst estimates by a healthy 5.12%.</p>



<p>Looking ahead, analysts <a href="https://seekingalpha.com/symbol/CTV/earnings/estimates" target="_blank">anticipate</a> Innovid will turn a profit next year, with earnings expected to double the year after.</p>



<p>At the current price, the stock trades at around 16x earnings. While not a screaming bargain, I believe there&rsquo;s potential for Innovid&rsquo;s EPS to compound at an even higher rate, given the company&rsquo;s strong position in the burgeoning connected TV advertising market.</p>



<p>Innovid&rsquo;s Harmony initiative, launched in Q1 2024, aims to optimize the connected TV advertising ecosystem and could be a significant growth driver.</p>



<h2>GigaCloud Technology (GCT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cloud-computing-phone-300x169.png" alt="An image of a hand holding a phone with a cloud on the screen, icons above the phone; controller, music note, camera, plane, shopping cart, home, magnifying glass. Cloud computing stocks to buy"><div>Source: La1n/Shutterstock</div></div><p><strong>GigaCloud Technology</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gct-stock-quote/"><strong>GCT</strong></a></span>) operates a B2B e-commerce marketplace connecting suppliers and resellers of large merchandise. You might initially assume it&rsquo;s a cloud computing company based on the name, but that&rsquo;s not the case. GigaCloud has been growing revenue at a blistering pace, nearly doubling year-over-year to <a href="https://finance.yahoo.com/news/q1-2024-gigacloud-technology-inc-031748191.html" target="_blank">$251 million</a> in Q1 2024. Net income also surged 71% to $27 million. The company is riding megatrends like the rise of B2B marketplaces and e-commerce.</p>



<p>I believe GigaCloud has a long growth runway ahead. It&rsquo;s attractively valued at just 10 times forward earnings despite the strong growth. The stock has already soared 270% over the past year but has consolidated recently. With interest rate cuts potentially on the horizon, I think GCT stock could be poised for another leg higher.</p>



<p>Wall Street is bullish on the company. In the <a href="https://investors.gigacloudtech.com/static-files/e1bc0f20-7d46-4082-9b28-2de503ace291">latest quarter</a>, GigaCloud handily beat analyst estimates with EPS of 66 cents and revenue of $251 million. The company also provided strong Q2 guidance of $265-280 million in revenue. Analysts see several tailwinds that could boost GigaCloud, like its expansion into branding services, growth of its third-party seller network, and synergies from its Noble House and Wondersign acquisitions.</p>



<p>While it&rsquo;s still a relatively under-the-radar name, I believe GigaCloud one of the promising oversold tech stocks that deserves more attention. The company has delivered five straight quarters of revenue growth amid a tough environment for consumer spending. As it further optimizes its marketplace and pursues international expansion, I expect GigaCloud to keep putting up impressive numbers.</p>



<h2>Udemy (UDMY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/udemy-udmy-1600-300x169.jpg" alt="An image of the logo for Udemy through a lens."><div>Source: II.studio / Shutterstock.com</div></div><p><strong>Udemy</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/udmy-stock-quote/"><strong>UDMY</strong></a></span>) is an online learning platform that offers courses on a wide range of topics. With the job market becoming increasingly competitive due to the rise of AI, many people are scrambling to learn new skills to stay relevant. I believe Udemy is well-positioned to benefit from this trend, especially in developing countries where access to quality education can be limited.</p>



<p>The company reported strong Q1 2024 results, with total revenue growing <a href="https://www.investing.com/news/stock-market-news/earnings-call-udemy-sees-12-revenue-growth-on-strong-business-demand-93CH-3420425" target="_blank">12% year-over-year to $197 million</a>. Udemy Business, which serves enterprise customers, saw a particularly impressive growth of 24%. Annual recurring revenue also increased 21% to $479 million.</p>



<p>Despite the positive financials, Udemy&rsquo;s stock has been on a downward trajectory, declining over 38% in the last six months. However, analysts expect earnings per share to jump from 8 cents to 54 cents over the next two years, which could drive the stock higher in the long run. Udemy also has a solid cash buffer.</p>



<h2>BM Technologies (BMTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/online-banking-1600-300x169.png" alt="Online banking. Person using online banking platform on phone"><div>Source: PopTika / Shutterstock</div></div><p><strong>BM Technologies</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/bmtx-stock-quote/"><strong>BMTX</strong></a>) provides digital banking services through its cloud-based platform. I believe the rise of digital banking is an unstoppable megatrend, and BM Technologies is well-positioned to ride this wave. The company&rsquo;s first quarter 2024 results showed significant improvement, with <a href="https://www.marketscreener.com/quote/stock/BM-TECHNOLOGIES-INC-46321461/news/Earnings-Flash-BMTX-BM-TECHNOLOGIES-Reports-Q1-Revenue-16-2M-vs-Street-Est-of-15-1M-46739059/" target="_blank">revenue of $16.2 million</a> and net income turning positive to $700 thousand. This suggests the turnaround efforts are starting to pay off.</p>



<p>BM Technologies&rsquo; stock has been beaten down but looks to have bottomed out recently. Analysts have a &ldquo;Strong Buy&rdquo; consensus on the stock, with an <a href="https://stockanalysis.com/stocks/bmtx/forecast/" target="_blank">average price target of $6.75</a>. That implies a significant upside from the current price of around $2.9. I think once interest rates start getting cut, digital banking platforms like BM Technologies could see a major breakout among oversold tech stocks.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or<br>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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Northland Securities analyst Michael Grondahl maintained a Hold rating on BM Technologies (BMTX – Research Report) today and set a price target of ...

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<p><strong>BM Technologies</strong> (NYSEMKT:<span><a href="https://investorplace.com/stock-quotes/bmtx-stock-quote/"><strong>BMTX</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>BM Technologies reported earnings per share of -22 cents.</li><li>The company reported revenue of $12.54 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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BMTX Stock Earnings: BM Technologies Reported Results for Q2 2024

BM Technologies GAAP EPS of -$0.41 misses by $0.31, revenue of $12.5M misses by $2.54M

BM Technologies, Inc. (BMTX) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on BM Technologies (BMTX – Research Report) and Five9 (...

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ACMR

BLDE

BMTX

CCLD

CREX

FIVN

FPAY

MAPS

PYPL

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SNAP

UDMY

Press Releases

BM Technologies to be Acquired by First Carolina Bank for $67 Million

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BM TECHNOLOGIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of BM Technologies, Inc. - BMTX

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