Spruce Point Capital

The market will knock out two FAANG stocks in Thursday’s earnings rush, and Loup Ventures managing partner Gene Munster anticipates positive news. Amazon’s Authority For Amazon.com, Inc. (NASDAQ: AMZN), the metric to watch is growth in successful units sold, or the pace of sales,...

Shares of iRobot Corporation (NASDAQ: IRBT) were slumping on Wednesday, as SharkNinja, a household appliance maker, unveiled Shark ION ROBOT, its first automatic cleaning and charging robotic vacuum, among other products. Amid the news, short seller Spruce Point Capital reiterated its Strong...

Automatic Data Processing (NASDAQ: ADP) shares rallied to as high as $115.75 in pre-market trading on Friday, up from Thursday's closing price of $111.77. The optimism lingered, as the stock opened at $113.50. However, the stock couldn't sustain its early gains. After languishing in the red...

Gentex Corporation (NASDAQ: GNTX) shares are sliding on Thursday after short seller Spruce Point Capital founded by Ben Axler released a new short report on the company, titled "A Dim and Grim Outlook." The hedge fund issued a Strong Sell recommendation on the stock, reasoning that there is scope...

Shares of Celadon Group, Inc. (NYSE: CGI) plummeted Wednesday following a short-seller report published by Prescience Point Research Group. The pullback creates an opportunity since the concerns mentioned in the short report are not new and uses certain figures “in a distorted manner,”...

After a day of back-and-forth between Spruce Point Capital and PTC Inc (NASDAQ: PTC), Spruce Point reiterated its short-sell position to Benzinga and stood by its negative assessment of PTC. “Our in-depth forensic research leads to the inescapable conclusion that investors have over-valued...

Shares of The Ultimate Software Group, Inc. (NASDAQ: ULTI) were trading lower by more than 4 percent ahead of Wednesday's market open after the company reported its fourth-quarter results Tuesday afternoon. Justin Furby of William Blair commented in the earnings report in a research report. The...

On Tuesday morning’s PreMarket Prep, Ben Axler, founder and CIO of Spruce Point Capital Management, joined Benzinga to explain why he sees The Ultimate Software Group, Inc. (NASDAQ: ULTI) as the ultimate short-selling opportunity for traders. Axler pointed out a number of reasons why Ultimate...

Burlington Stores Inc (NYSE: BURL) saw its shares hit an intra-day low of $69.22 Thursday morning but have since rebounded more than $1 per share after Spruce Point Capital Management published a short thesis report on the discount retailer chain. Spruce Point noted that Burlington Stores stock...

One of the objectives of Benzinga is to offer the best coverage by interviewing the world's top executives. In this endeavor, we have interviewed more than 20 publicly-traded companies in 2016. Is there anybody you want to hear from? Let us know by emailing feedback@benzinga.com and we'...

Shares of Planet Fitness Inc (NYSE: PLNT) have tanked 7 percent after short seller Ben Axler of activist investment hedge fund Spruce Point Capital Management said he is going short on the discount gym chain. Axler, speaking at the Harbor Investment Conference, said he thinks the company has a...

Shares of Caesarstone Sdot-Yam Ltd (NASDAQ: CSTE) have lost more than 40 percent year-to-date. Analysts at Spruce Point Capital Management see up to a further 77 percent downside with a valuation range of $8 to $23 per share. Spruce Point Capital noted the company's U.S. plant...