B. Riley Financial (NASDAQ:RILY - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 9.600-9.860 for the period. The company issued revenue guidance of $966.0 million-$968.0 million.
Analysts Set New Price Targets
Several analysts have recently commented on RILY shares. Weiss Ratings restated a "sell (e+)" rating on shares of B. Riley Financial in a research report on Monday, December 29th. Wall Street Zen upgraded shares of B. Riley Financial from a "hold" rating to a "buy" rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, B. Riley Financial currently has a consensus rating of "Sell".
Read Our Latest Report on RILY
B. Riley Financial Price Performance
Shares of RILY stock traded up $0.05 on Thursday, hitting $7.57. 551,022 shares of the stock traded hands, compared to its average volume of 1,266,120. The firm has a market cap of $266.09 million, a price-to-earnings ratio of 0.77 and a beta of 1.20. B. Riley Financial has a 52 week low of $2.73 and a 52 week high of $10.97. The firm has a 50 day simple moving average of $7.21 and a two-hundred day simple moving average of $6.22.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its earnings results on Wednesday, April 1st. The asset manager reported $2.77 earnings per share for the quarter. The company had revenue of $224.67 million for the quarter.
Hedge Funds Weigh In On B. Riley Financial
Several institutional investors have recently bought and sold shares of RILY. Soviero Asset Management LP purchased a new position in B. Riley Financial during the third quarter valued at $2,211,000. Charles Schwab Investment Management Inc. grew its stake in B. Riley Financial by 25.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,123,179 shares of the asset manager's stock valued at $5,245,000 after acquiring an additional 224,858 shares in the last quarter. Federated Hermes Inc. grew its stake in B. Riley Financial by 82.2% during the fourth quarter. Federated Hermes Inc. now owns 329,222 shares of the asset manager's stock valued at $1,537,000 after acquiring an additional 148,554 shares in the last quarter. Jump Financial LLC purchased a new position in B. Riley Financial during the fourth quarter valued at $694,000. Finally, Two Sigma Investments LP grew its stake in B. Riley Financial by 551.3% during the third quarter. Two Sigma Investments LP now owns 169,977 shares of the asset manager's stock valued at $1,016,000 after acquiring an additional 143,877 shares in the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.
About B. Riley Financial
(
Get Free Report)
B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.
In addition to traditional investment banking, B.
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