B. Riley Securities
Upgrade grade
B
Downgrade grade
A
B. Riley Securities is a mid-sized investment bank and equity research firm that has established itself as a significant player in the U.S. equities market, with approximately 3,798 analyst ratings calls tracked across our database. The firm traces its origins to B. Riley & Co., which was founded in 1997 as an independent investment bank and has since evolved into a broader financial services platform through strategic acquisitions and organic growth. Known for maintaining particularly strong coverage in specialty finance, consumer retail, and small-to-mid-cap industrials, B. Riley has built a reputation for generating differentiated research on overlooked and undervalued opportunities rather than chasing consensus on mega-cap names. One distinctive aspect of their research culture is their willingness to publish contrarian views and take substantive positions against crowded trades, earning them credibility among value-oriented institutional investors who appreciate their willingness to challenge prevailing Wall Street narratives.
Upgrades
320
76.25% win rate
· avg +5.01% D1
Downgrades
399
77.44% win rate
· avg -5.02% D1
Avg Gap — Upgrades
+4.55%
open vs prev close
Avg Gap — Downgrades
-4.84%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 77.91% (86) | +7.27% | 78.72% (94) | -6.24% |
| Consumer Cyclical | 79.37% (63) | +5.00% | 76.09% (92) | -4.39% |
| Financial Services | 75.00% (32) | +3.33% | 69.57% (46) | -1.59% |
| Communication Services | 84.85% (33) | +3.41% | 79.41% (34) | -3.95% |
| Industrials | 72.73% (22) | +5.36% | 83.33% (30) | -8.78% |
| Real Estate | 56.52% (23) | +1.44% | 72.00% (25) | -3.56% |
| Healthcare | 83.33% (18) | +7.44% | 82.76% (29) | -9.88% |
| Basic Materials | 77.78% (18) | +2.90% | 66.67% (18) | -0.97% |
| Energy | 73.33% (15) | +4.65% | 85.71% (21) | -5.71% |
| Consumer Defensive | — | — | 90.00% (10) | -2.83% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 65.0% | 20 | 92.3% | 13 |
| 2025 | 71.4% | 14 | 75.0% | 24 |
| 2024 | 68.0% | 25 | 77.3% | 44 |
| 2023 | 87.0% | 23 | 76.0% | 25 |
| 2022 | 73.3% | 15 | 67.4% | 46 |
| 2021 | 73.3% | 15 | 80.0% | 15 |
| 2020 | 66.7% | 51 | 66.2% | 65 |
| 2019 | 88.5% | 26 | 82.9% | 35 |
| 2018 | 71.8% | 39 | 83.3% | 30 |
| 2017 | 92.9% | 14 | 82.4% | 17 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 18, 2026 | ZS | Zscaler, Inc. | Technology | Upgrade | Neutral → Buy | $225 | +1.4% | +8.5% |
| May 15, 2026 | CCAP | Crescent Capital BDC, Inc. | Financial Services | Upgrade | Neutral → Buy | $14 | -1.6% | -7.2% |
| May 14, 2026 | DHX | DHI Group, Inc. | Industrials | Reiterates | Buy | $4 | +2.2% | +2.2% |
| May 14, 2026 | GAIN | Gladstone Investment Corporation | Financial Services | Upgrade | Neutral → Buy | $16 | +1.9% | +5.3% |
| May 8, 2026 | CARS | Cars.com Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | $13 | -5.5% | -5.3% |
| May 7, 2026 | TCMD | Tactile Systems Technology, Inc. | Healthcare | Upgrade | Neutral → Buy | $36 | +6.6% | +2.8% |
| May 6, 2026 | FLY | Firefly Aerospace Inc. | Industrials | Initiates | Buy | $60 | +3.6% | +9.6% |
| May 1, 2026 | UNCY | Unicycive Therapeutics, Inc. | Healthcare | Initiates | Buy | $22 | +1.8% | +0.1% |
| Apr 30, 2026 | AIRJ | AirJoule Technologies Corporation | Industrials | Initiates | Buy | $6 | +1.3% | +2.3% |
| Apr 30, 2026 | BTU | Peabody Energy Corporation | Energy | Downgrade | Buy → Neutral | $30 | -2.1% | -2.8% |
| Apr 30, 2026 | ETSY | Etsy, Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | $75 | -3.2% | -7.6% |
| Apr 28, 2026 | VSAT | Viasat, Inc. | Technology | Maintains | Buy → Buy | — | -1.1% | -1.0% |
| Apr 28, 2026 | AMKR | Amkor Technology, Inc. | Technology | Maintains | Neutral → Neutral | — | -12.6% | -5.6% |
| Apr 27, 2026 | GNTX | Gentex Corporation | Consumer Cyclical | Maintains | Buy → Buy | — | +0.4% | -0.1% |
| Apr 27, 2026 | EXPE | Expedia Group, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -1.4% | -2.5% |
| Apr 27, 2026 | BKNG | Booking Holdings Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -1.1% | -1.5% |
| Apr 24, 2026 | SMR | NuScale Power Corporation | Utilities | Maintains | Buy → Buy | — | +3.8% | -6.0% |
| Apr 24, 2026 | LEU | Centrus Energy Corp. | Energy | Maintains | Buy → Buy | — | +3.0% | -6.4% |
| Apr 24, 2026 | AZZ | AZZ Inc. | Industrials | Maintains | Buy → Buy | — | +0.1% | -2.2% |
| Apr 24, 2026 | VIAV | Viavi Solutions Inc. | Technology | Maintains | Buy → Buy | — | +2.8% | +3.5% |
| Apr 24, 2026 | CMPS | COMPASS Pathways plc | Healthcare | Initiates | Buy | $17 | +6.2% | +4.7% |
| Apr 23, 2026 | HSDT | Solana Company | Healthcare | Initiates | Buy | $3 | +1.4% | -1.4% |
| Apr 23, 2026 | FWDI | Forward Industries, Inc. | Consumer Cyclical | Initiates | Buy | $7 | +0.4% | -5.3% |
| Apr 23, 2026 | CCS | Century Communities, Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | $64 | -9.9% | -7.1% |
| Apr 23, 2026 | ON | ON Semiconductor Corporation | Technology | Upgrade | Neutral → Buy | $115 | +4.3% | +9.9% |