HUB24's Q3 Net Inflows Disappoint, Netwealth Shows Better Value, Says Jefferies

-- HUB24's (ASX:HUB) net inflows of about AU$4 billion were below the recent trend as the seven-quarter moving average is at around AU$5.1 billion, according to a Thursday Jefferies note.

The company on Tuesday said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier.

The investment firm said that while the share price reaction to the trading update was "harsh," it's difficult for the stock not to disappoint, which is trading at 46 times its fiscal 2027 price-to-earnings ratio.

Jefferies sees better value in Netwealth Group (ASX:NWL) and Generation Development Group (ASX:GDG), as it said that they have a three-year price-to-earnings growth ratio of about 2 times and 1.26 times, respectively, while trading at significant discounts on their fiscal 2027 price-to-earnings multiples.

Jefferies kept a hold rating on Hub24 and increased its price target to AU$94 from AU$93.50.

Lucid Diagnostics Completes $18 Million Direct Offering of Shares

Lucid Diagnostics (LUCD) said Friday that is has completed its underwritten direct offering of 18 million shares at $1 per share.The company said the offering was anchored by a $15 million investment from a "fundamental" institutional investor with support from a large existing shareholder.Lucid said it plans to use the net proceeds for working capital and general corporate purposes.Price: $1.09, Change: $-0.01, Percent Change: -0.46%

$LUCD

Dover Sees Strong Bookings Growth, Demand Momentum, RBC Capital Markets Says

Dover (DOV) reported a modest Q1 operating beat, with 24% bookings growth and a 1.20x book-to-bill ratio pointing to demand momentum, RBC Capital Markets said in a Thursday note.The firm said bookings strength was broad-based, with all segments posting book-to-bill above 1.10x.RBC highlighted strength in clean energy components, fluid transport, retail fueling, refrigerated door cases, heat exchangers and CO2 refrigeration systems.The firm also said bookings strength suggests upside to Dover's 3% to 5% organic growth guidance. Dover reaffirmed its 2026 adjusted earnings per share guidance of $10.45 to $10.65, and revenue growth outlook of 5% to 7%.RBC raised its price target to $252 from $225, and maintained its sector perform rating on Dover.Price: $229.96, Change: $+1.81, Percent Change: +0.79%

$DOV

Pharvaris Insider Sold Shares Worth $441,726, According to a Recent SEC Filing

Anne Lesage, Chief Early Development Officer, on April 22, 2026, sold 14,700 shares in Pharvaris (PHVS) for $441,726. Following the Form 4 filing with the SEC, Lesage has control over a total of 213,319 common shares of the company, with 56,450 shares held directly and 156,869 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1830487/000119312526176222/xslF345X05/ownership.xmlPrice: $28.49, Change: $+1.20, Percent Change: +4.40%

$PHVS

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Lucid Diagnostics Completes $18 Million Direct Offering of Shares

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Pharvaris Insider Sold Shares Worth $441,726, According to a Recent SEC Filing