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Home Blog Page 8628

Verisk Analytics’ Upcoming Investor Day Preview

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RBC Capital analysts provided their views on Verisk Analytics, Inc. (NASDAQ:VRSK) upcoming Investor Day on March 14, noting that the company could tighten the 2024 margin targets of 53-56% to the high end. In addition, the company will likely provide color on lowering the capital intensity over the midterm. The Investor Day will focus on high-growth initiatives while balancing investment and margin.
The analysts believe the company should provide incremental disclosures to get investors comfortable with the sustainability of the revenue growth. In particular, revenue split up by high-growth businesses (namely Life, Marketing, Auto, International Specialty Insurance, Climate, and Cyber), core businesses (ISO, ClaimsSearch), and offerings growing in line with the company average (Xactware, AIR) will be helpful. Investors are looking for details on the company’s plans to expand high-growth businesses as a percentage of overall revenues.
The company released its Q4 results earnings last week, with both EPS of $1.43 and revenue of $630.4 million coming in better than expected.

WTA News: Shelby Rogers captures Indian Wells opener


Shelby Rogers topped Katie Volynets 6-4, 4-6, 6-1 in an all-U.S. first-round matchup at the BNP Paribas Open on Wednesday in Indian Wells, Calif.

Rogers converted five of her 12 break-point opportunities, and she was aided by seven double faults from Volynets.

“Two Americans, she definitely has a very bright future, and unfortunately only one of us could win today,” Rogers said post-match. “She’s one of the nicest girls I’ve met on tour, and I look forward to seeing her more.”

Rogers, 30, is still looking for her first career WTA Tour title. She reached her third final last year at San Jose, Calif. Volynets, 21, was coming off a semifinal appearance in Austin, Texas, last week, her best-ever WTA Tour result.

Next up for Rogers is a second-round meeting against seventh-seeded Maria Sakkari of Greece. The event’s top 32 seeds, including No. 1 Iga Swiatek of Poland, No. 2 Aryna Sabalenka of Belarus, No. 3 Jessica Pegula of the United States and No. 4 Ons Jabeur of Tunisia, received first-round byes.

Other opening-round winners included Belarus’ Aliaksandra Sasnovich, Ukraine’s Dayana Yastremska and Lesia Tsurenko, the Czech Republic’s Linda Fruhvirtova, Spain’s Cristina Bucsa, Italy’s Camila Giorgi and China’s Xinyu Wang and Xiyu Wang.

–Field Level Media

WW International Shares Jump 79 percent on Sequence Acquisition Announcement

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WW International, Inc. (NASDAQ:WW) shares jumped more than 79% on Tuesday (fell 21% the next day) after the company reported its Q4 results, provided guidance for Q1 and most importantly announced plans to acquire Sequence (transaction valued at $132 million), a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management.

Q4 EPS came in at ($0.46), worse than the Street estimate of $0.01. Revenue was $223.92 million, compared to the Street estimate of $224.32 million.
For Q1/23, the company expects revenue of $235 million, compared to the Street estimate of $243.8 million.
Management pointed out that while subscriber counts and growth at the company remain muted, better analytics and more thoughtful marketing are helping the company to attract and signup members, which appear stickier and hence lend to stronger longer-term economics.

How Groupon Will Revolutionize And Help The Retail Industry Post Covid -19

PGA News: 2023 The Players Championship: Preview, Props, Best Bets

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The proverbial “fifth major” of the PGA Tour season begins Thursday at TPC Sawgrass in Ponte Vedra Beach, Fla.

The Players Championship has a different vibe this year for several reasons. Noticeably absent are defending champion Cam Smith and several of his LIV Golf counterparts. Directly related — the 144-player field is competing for a record event purse of $25 million.

Forty-four of the top 50 players in the Official World Golf Ranking are in the field, with No. 1 Jon Rahm, No. 2 Scottie Scheffler and No. 3 Rory McIlroy grouped together for the first two rounds.

Field Level Media’s golf experts provide key tournament notes along with their favorite prop picks and betting trends this week.

THE PLAYERS CHAMPIONSHIP
Location: Ponte Vedra Beach, Fla., March 9-12
Course: TPC Sawgrass (Par 72, 7,275 yards)
Purse: $25M (Winner: $4.5M)
Defending Champion: Cameron Smith
FedEx Cup leader: Jon Rahm
HOW TO FOLLOW
TV: Thursday-Friday, 12-6 p.m. ET (Golf Channel); Saturday-Sunday, 1-6 p.m. (NBC)
Streaming on ESPN+: Thursday-Friday, 6:45 a.m.-6 p.m. ET; Saturday-Sunday, 7:45 a.m.-6 p.m.
Twitter: @ThePlayersChamp

PROP PICKS
–Max Homa to Beat Xander Schauffele (-130 at DraftKings): Homa is ranked No. 7 in the world — one spot behind Schauffele. But Schauffele has missed the cut at TPC Sawgrass the past two years and has struggled to a T33 and a T39 in his past two starts. Homa, who finished T13 at last year’s Players, enters in far better form, with two wins and a runner-up this season before last week’s solid T14 on a very difficult Bay Hill course.

–Hole No. 17 Fewer Than 55 Balls in Water (-125 at BetMGM): The past two years have seen 66 and 57 balls find water at No. 17. That has increased the average to 48.68 per year since 2003, with the 69 balls water balls in 2017 the only other year in the past 13 to top 54. Players had to contend with heavy rain and winds in 2022. Outside of potential rain on Friday, this year’s forecast appears far more favorable.

–Viktor Hovland to Finish Top 10 (+275 at BetRivers): The Norwegian is coming off a T10 at the Arnold Palmer Invitational. Granted, he opened with a hole-out for eagle and added an ace for two strokes of good luck, but Hovland generally plays well in Florida. He finished T9 at TPC Sawgrass last year following a T2 at Bay Hill. Hovland also won the Hero World Challenge in the Bahamas in December — one of five top-10s in his past 12 worldwide starts.

2023 Prop Picks Record: 11-13-1

BEST BETS
–Rory McIlroy (+900 at BetMGM) won The Players in 2019 and narrowly missed out on a playoff at Bay Hill last week. He is the third-biggest liability at BetMGM, where he leads the field with 11.8 percent of the money backing him to win.
–Jon Rahm (+1000) already has three wins this year and enters The Players ranked No. 1 in the world for the second consecutive year. Coming off a T39 last week, the Spaniard’s best finish in five previous event starts was a T9 in 2021. After opening at +1100, Rahm’s odds shifted as low as +800 before returning to +1000 as he is third at BetMGM in both total bets (7.8 percent) and money (8.5 percent) backing him.
–Scottie Scheffler (+1000) has a missed cut and T55 in two previous starts at The Players, but he still leads this week’s field with 8.6 percent of the total tickets at BetMGM since opening at +1600. Scheffler also leads with 11.5 percent of the tickets and 12.5 percent of the money placed at BetRivers. He missed out on a potential playoff last week when he bogeyed the 72nd hole from the fairway, but he leads the tour in greens in regulation (73.61 percent) this season.
–Patrick Cantlay (+1600) is the only player to finish in the top five in each of the past two designated events, the Genesis and the Arnold Palmer. However, he has missed the cut in his past three appearances at TPC Sawgrass and has never finished better than T22 in 2017.
–Max Homa (+1800) is already a two-time winner this season to go along with a runner-up at the Genesis while vaulting to a career-high seventh in the world rankings. He is BetMGM’s biggest liability entering The Players, having drawn 7.7 percent of the money after opening at +4000.
–Justin Thomas (+1800) won the event two years ago and his 70.48 scoring average at The Players is the lowest since 1983 of any player with at least 15 rounds played. That has contributed to Thomas being the second-most popular choice at BetRivers, with 5.5 percent of the total bets and 8.5 percent of the money supporting him.

NOTES
–This is the first of five events that offers 600 FedEx Cup points to the winner, with the other four being the majors. It’s the 49th edition of The Players, the 41st at TPC Sawgrass.
–The 144-player field includes 49 of the top 50 players in the FedEx Cup standings, with only No. 30 Ben Taylor (wedding) missing. The last man in was Ryan Armour, who was No. 111 in the FedEx Cup standings when the field was set, with No. 113 Harry Hall of England the first alternate.
–Smith defeated India’s Anirban Lahiri by one shot and England’s Paul Casey by two shots last year. All three now play for the LIV Golf League, as does Harold Varner III, who finished T6. LIV Golf CEO Greg Norman holds The Players tournament scoring record of 264, set in 1994.
–For the fourth time in five weeks, the No. 2 and No. 3 players enter a tournament with the chance to take over No. 1 depending upon the results. This time, it’s Scheffler and McIlroy trying to overtake Rahm.
–Kurt Kitayama and Colombia’s Nico Echavarria are playing after earning their first tour wins last week. The last player to win The Players after also winning the previous week was Tiger Woods in 2001.

–Field Level Media

ATP News: Yibing Wu recovers for first-round win in Indian Wells


China’s Yibing Wu lost the first set after having a set point but rallied for a 6-7 (6), 6-0, 7-6 (3) win over Spain’s Jaume Munar in the first round of the BNP Paribas Open on Wednesday in Indian Wells, Calif.

Wu led 6-5 in the opening-set tiebreaker before Munar claimed the next three points.

Wu then cruised through the second set, and the third set featured only one exchange of service breaks midway through. In the decisive tiebreaker, Wu moved in front 5-2 before closing out the win, his sixth straight on tour. He won his first career ATP Tour championship last month in Dallas.

The tournament’s top 32 seeds, including No. 1 Carlos Alcaraz of Spain, No. 2 Stefanos Tsitsipas of Greece, No. 3 Casper Ruud of Norway and No. 4 Taylor Fritz of the United States, received first-round byes.

Marcos Giron prevailed in an all-U.S. matchup, beating wild-card entrant Aleksandar Kovacevic 6-3, 7-5. Brandon Nakashima also defeated a U.S. countryman, topping John Isner 7-6 (7), 6-3 without ever dropping his serve.

Japanese qualifier Taro Daniel downed Spain’s Roberto Carballes Baena 6-1, 7-5, and Chilean qualifier Cristian Garin ousted Colombia’s Daniel Elahi Galan 6-4, 6-2.

Other opening-round winners included Argentina’s Pedro Cachin and Diego Schwartzman, Australia’s Jason Kubler and Jordan Thompson, France’s Ugo Humbert, Belarus’ Ilya Ivashka, the Czech Republic’s Jiri Lehecka, Germany’s Oscar Otte and Finland’s Emil Ruusuvuori.

–Field Level Media

Couchbase Shares Up on Q4 Beat

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Couchbase, Inc. (NASDAQ: BASE) shares gained nearly 3% on Wednesday (up more than 4% after-hours) after the company reported its Q4 results, with EPS of ($0.18) beating the Street estimate of ($0.34). Revenue increased 19% year-over-year to $41.6 million, above the Street estimate of $38.25 million. Subscription revenue grew 16% year-over-year to $38.1 million.
Management anticipates Q1/24 revenue to be in the range of $39.5-40.1 million, compared to the Street estimate of $40.63 million. Total ARR is expected to be in the range of $169.2-172.2 million.
For the full 2024 year, the company sees revenue at $171.7-174.7 million, compared to the Street estimate of $176.59 million. Total ARR is expected to be in the range of $190.0-194.0 million.
Full-year guidance reflects increased uncertainty around the macro and includes an elevated degree of conservatism around pipeline conversion, new logos, retention, expansion rates, deal sizes and sales productivity.

Oklahoma St. ousts Oklahoma, earns matchup with Texas


Caleb Asberry scored 15 points to lead Oklahoma State to a 57-49 win over Oklahoma in the opening round of the Big 12 tournament on Wednesday in Kansas City, Mo.

The seventh-seeded Cowboys (18-14), who saw their NCAA Tournament hopes take a hit when they endured a five-game losing streak late in the season, will oppose second-seeded Texas on Thursday in the quarterfinals.

Oklahoma State was swept by the Longhorns (23-8) in two regular-season games.

The 10th-seeded Sooners likely are done for the season at 15-17, the program’s first sub-.500 finish since 2016-17.

All three of Asberry’s 3-pointers came in the second half, including his final trey with 5:32 remaining that kicked off a 9-0, game-clinching run.

Asberry scored 13 in the second half.

Bryce Thompson contributed 12 points for Oklahoma State, and John-Michael Wright had 10. Tyreek Smith led the Cowboys with 14 rebounds while Moussa Cisse added 11. Oklahoma State produced a 49-39 edge on the glass while completing a three-game season sweep of the Sooners.

Oklahoma’s top two scorers, Grant Sherfield and Tanner Groves, both struggled to get much going on offense.

The duo combined to go 6 of 28 from the floor and 1 of 12 from beyond the arc.

Groves led the Sooners with 13 points and 12 rebounds. Sherfield had just two points until scoring six in the final two minutes with the outcome already decided.

The Cowboys looked destined to put the game away quickly, taking a double-digit lead in the first 10 minutes with a 14-0 run.

However, the Sooners punched right back, ripping off a 12-0 run of their own later in the half to trim a deficit that was as big as 14 down to two.

Oklahoma missed its last eight shots before the break, but Oklahoma State couldn’t take much advantage, finishing in a 2-of-12 slump itself while taking a 26-20 lead into halftime

The Sooners were just 3 of 13 on layups in the first half, and they shot 21.9 percent from the floor before the break. The Cowboys hit 38.7 percent from the field prior to halftime.

Overall on the night, Oklahoma State finished at 35 percent, Oklahoma at 25 percent.

–Field Level Media

Terquavion Smith, NC State wallop Virginia Tech


Terquavion Smith scored 30 points as sixth-seeded North Carolina State beat 11th-seeded Virginia Tech 97-77 in the second round of the ACC tournament on Wednesday night in Greensboro, N.C.

It was NC State’s most points against an ACC opponent this season, and the Wolfpack will play in the quarterfinals for the first time since 2019. They would have in 2020, but the game was canceled because of the pandemic.

NC State (23-9) will face third-seeded Clemson (22-9) on Thursday night.

NC State’s win also means that all four of North Carolina’s ACC teams – including North Carolina, Duke and Wake Forest — are in the quarterfinals for the first time since 2006.

Virginia Tech (19-14), last year’s conference tournament champion, likely will be relegated to the NIT.

Smith shot 11-of-13 from the floor and added eight rebounds and three assists. Jarkel Joiner contributed 20 points, 10 assists and seven rebounds, while Ebenezer Dowuona chipped in 11 points, five boards and two blocks, and Jack Clark tallied 11 points.

Justyn Mutts led the Hokies with 15 points and five rebounds. Rodney Rice had 17 points and Grant Basile added 11.

NC State jumped out to an 8-2 lead to start the game, and then pulled away for a double-digit advantage with a 15-6 run over a six-minute span that ended with just over eight minutes left in the first half. Smith scored seven points during the burst.

A layup by Basile trimmed Virginia Tech’s deficit to 15 with 3:35 to play before the break, but the Wolfpack went on a 12-spurt to close out the half and lead 53-26. Dowuona scored five of those points.

Virginia Tech never got closer than 19 in the second half.

The Wolfpack shot a season-best 61.9 percent from the floor.

Starting NC State forward Greg Gantt left the game in the first half with an apparent leg injury. He returned to the bench in the second half on crutches.

NC State lost twice to Clemson in the regular season, 78-64 in Clemson and 96-71 in Raleigh, N.C. on Feb. 25. Both teams could use wins to bolster their resumes toward making the NCAA Tournament.

–Field Level Media

Embattled Texas Tech coach Mark Adams resigns


Texas Tech head basketball coach Mark Adams resigned on Wednesday, three days after the university suspended him for making a comment toward a player the university described as “inappropriate, unacceptable and racially insensitive.”

Texas Tech announced the move shortly after the Red Raiders lost 78-62 to West Virginia in the first round of the Big 12 tournament in Kansas City, Mo.

According to the news release by the university, athletic director Kirby Hocutt conducted an inquiry during Adams’ suspension and determined “the racially insensitive comment was unintentional and an isolated incident.”

Nonetheless, Adams and the program parted ways, with Adams saying in the same news release, “My lifelong goal was to help and be a positive influence on my players, and to be a part of the Texas Tech men’s basketball team. However, both the university and I believe this incident has become a distraction.”

Adams, 66, was 43-25 in two seasons at his alma mater. Last season, he led the Red Raiders to the NCAA Tournament and was named the Big 12 Coach of the Year by The Associated Press.

Assistant coach Corey Williams served as interim coach in Adams’ place. There was no immediate word on Williams’ status with the program or if he would be considered for the full-time position.

The Red Raiders finished the season 16-16.

–Field Level Media

Strong ball security helps Stanford take down Utah


Brandon Angel scored 16 points and collected 12 rebounds to lead No. 10 seed Stanford to a 73-62 victory over No. 7 seed Utah on Wednesday in the first round of the Pac-12 tournament in Las Vegas.

Maxime Raynaud chipped in 12 points and nine rebounds for the Cardinal. Harrison Ingram scored 15 points and Spencer Jones added 12.

Stanford (14-18) will face second-seeded Arizona in the quarterfinals on Thursday.

The Cardinal were relentless in attacking the basket and totaled 38 points in the paint. Stanford had 17 assists on 26 made baskets while committing only four turnovers.

Branden Carlson scored 27 points and collected 10 rebounds to lead Utah. Gabe Madsen added 13 points and Lazar Stefanovic chipped in 10 for the Utes.

Utah (17-15) suffered its sixth straight loss. The Utes committed 12 turnovers and shot just 37.9 percent from the field.

Stanford used a 14-2 run to take control early in the first half. Angel and Raynaud made back-to-back baskets to ignite the run that gave the Cardinal an 18-7 lead. Utah got off to a sluggish start on offense, missing eight of its first 10 shots.

Madsen finally got the Utes going with back-to-back baskets. His third basket of the game, a 3-pointer, trimmed Stanford’s lead to 22-20. Utah could not fully erase the deficit before the Cardinal heated up a second time.

Jones nailed a 3-pointer as part of a personal 7-0 run that extended Stanford’s lead to 29-20.

The Cardinal stayed a step ahead, in part, by taking care of the ball. Stanford committed just one turnover before halftime and went into the break up 34-27.

Utah did not threaten the Cardinal’s lead after halftime. Stanford led by double digits much of the way, building its largest lead at 63-48 when Michael O’Connell made a layup to cap a flurry of five consecutive baskets for the Cardinal.

–Field Level Media