|Bid||5.14 x 45900|
|Ask||5.16 x 4000|
|Day's range||4.91 - 5.37|
|52-week range||0.21 - 5.85|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.70|
Waitr Holdings Inc. (Nasdaq: WTRH) ("Waitr" or the "Company"), a leader in on-demand food ordering and delivery, today reported financial results for the second quarter of 2020.
Shares of online food delivery company Waitr Holdings (NASDAQ: WTRH) are up a big 21.5% in trading as of 11:30 a.m. EDT Wednesday. You can thank the analysts at B. Riley FBR for that. Early this morning, FBR initiated coverage of Waitr with a buy rating and an $8 price target.
Shares of Waitr Holdings (NASDAQ: WTRH) briefly popped as much as 13% in early trading after the company said it completed a previously announced stock offering. The offering was an at-the-market (ATM) deal, meaning Waitr sold newly issued shares at prevailing market prices. Waitr filed for the offering back in March in order to capitalize on its soaring stock price as food delivery platforms have benefited from increased demand during the coronavirus pandemic.