Newtek Business, a company listed on NASDAQ as NEWT, has been in the spotlight recently due to mixed signals from financial analysts. Two analysts, Tim Switzer from KBW and Crispin Love from Piper Sandler, both recommended a "Hold" rating for the stock. However, TipRanks – OpenAI, an AI-driven platform, suggested a "Buy" rating.

The company's financial performance has been strong. In the quarter ending September 30, Newtek reported revenue of $95. 05 million and a net profit of $17. 9 million. This is a significant improvement compared to the same period last year, where revenue was $78. 68 million and net profit was $11. 93 million.

Analysts' opinions on Newtek Business vary. Tim Switzer, a 4-star analyst with a 10. 0% average return and a 79. 17% success rate, maintains a "Hold" rating with a price target of $13. 00. Crispin Love from Piper Sandler also recommended a "Hold" rating. However, TipRanks – OpenAI, an AI-driven platform, reiterated a "Buy" rating.

Corporate insider activity also suggests a positive sentiment. Over the past quarter, there has been an increase in insiders buying shares of NEWT. Last month, Gregory L Zink, a Director at NEWT, bought 500 shares for a total of $6, 030. 00.

Newtek Business operates in the financial sector, focusing on stocks such as LendingClub, SoFi, and Cnb Financial. The company's strong financial performance and positive insider sentiment may contribute to its growth potential.


# **Newtek Business (NEWT) in the Spotlight: Mixed Analyst Signals and Strong Financial Performance**

## **Analyst Ratings: A Mixed Bag**

- **Hold Ratings:**
  - **Tim Switzer** (KBW) - 4-star analyst with a **10.0% average return** and **79.17% success rate**
  - **Crispin Love** (Piper Sandler)

- **Buy Rating:**
  - **TipRanks – OpenAI** (AI-driven platform)

## **Financial Performance: Significant Growth**

| Metric               | Q3 2023       | Q3 2022       |
|----------------------|--------------|--------------|
| **Revenue**          | $95.05M      | $78.68M      |
| **Net Profit**       | $17.9M       | $11.93M      |

## **Insider Activity: Positive Sentiment**

- **Gregory L Zink** (Director) bought **500 shares** for **$6,030.00** last month.
- **Increase in insider buying** over the past quarter.

## **Company Overview**

- **Sector:** Financial
- **Key Stocks:** LendingClub, SoFi, Cnb Financial
- **Growth Potential:** Strong financial performance and positive insider sentiment.



Newtek Business: Mixed Signals from Analysts

Analyst Ratings: A Mixed Bag

Financial Performance: Significant Growth

Insider Activity: Positive Sentiment

Company Overview

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