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SNAP

Snap

$13.77

0.21 (1.55%)

, FB

Facebook

$167.40

-3.78 (-2.21%)

05:13
08/11/17
08/11
05:13
08/11/17
05:13

With Snap 'clearly losing market share,' Piper cuts target to $12.50

Piper Jaffray analyst Samuel Kemp lowered his price target for Snap (SNAP) shares to $12.50 from $16.50 saying the company last night reported "weak revenue and mixed engagement." The shares in premarket trading are down 14%, or $1.98, to $11.79. The company's monetization continues to lag expectations in North America, partially caused by its shift of ad sales to programmatic which is causing pricing depression, Kemp tells investors in a post-earnings research note. Snap is "clearly losing market share" to Facebook's (FB) Instagram, he writes. The analyst keeps a Neutral rating on the shares.

SNAP

Snap

$13.77

0.21 (1.55%)

FB

Facebook

$167.40

-3.78 (-2.21%)

  • 16

    Aug

  • 18

    Aug

  • 21

    Aug

  • 13

    Sep

SNAP Snap
$13.77

0.21 (1.55%)

07/31/17
OTRG
07/31/17
DOWNGRADE
OTRG
Mixed
Snap downgraded to Mixed from Positive at OTR Global
08/07/17
DBAB
08/07/17
NO CHANGE
Target $20
DBAB
Buy
Snap shares should rebound in second half of year, says Deutsche Bank
Snap shares offer a "compelling" risk/reward profile at current levels, Deutsche Bank analyst Lloyd Walmsley tells investors in a research note titled "Remember, It's a 2H Story." The analyst sees "innovation thriving" at Snap across the app, advertising product and ad technology. Intra quarter ad checks have started to pick up with industry contacts noting brand advertisers are increasingly of the view that Snap offers compelling view rates and view-to-completion rates, Walmsley writes. He expects continued product innovation to drive growth in daily active users and engagement over time. Snap shares should rebound in the second half of 2017 as it's "inflection comes into focus," Walmsley argues. He lowered his price target for the shares to $20 from $23 and keeps a Buy rating on the name. The analyst points out that his new lowered price target still reflects 51% upside from current share levels. Snap closed Friday up 60c to $13.52.
08/10/17
SBSH
08/10/17
NO CHANGE
SBSH
Neutral
Citi prefers Snap shares over Twitter
Citi analyst Mark May says that while neither are Buy rated, he prefers shares of Snap (SNAP) over Twitter (TWTR). Snap's active user base in the U.S. is more than double Twitter's, which highlights the "greater long-term opportunity for value creation," May tells investors in a research note ahead of Snap's Q2 results today. He adds that Snap is growing its active user base "significantly faster" than Twitter's and that Snap's average user is "significantly more engaged" on the platform. May has a Neutral rating on Snap and a Sell rating on Twitter.
08/10/17
JPMS
08/10/17
NO CHANGE
Target $18
JPMS
Neutral
JPMorgan expects in-line to below results tonight from Snap
Snap after today's close is likely to report in-line to below consensus results, JPMorgan analyst Doug Anmuth tells investors in a pre-earnings research note. He believes Q2 Street expectations are close to his estimates of $188M in revenue and 8M daily active user net adds. Even though consensus estimates have moved lower, Q3 revenue expectations still assume 46% quarter-over-quarter growth, Anmuth writes. He believes this may still be too high, even with the first full quarter of self-serve Snap ads. The analyst keeps a Neutral rating on Snap with an $18 price target.
FB Facebook
$167.40

-3.78 (-2.21%)

08/07/17
MKMP
08/07/17
NO CHANGE
MKMP
Facebook price target rasied to $200 from $180 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Facebook as he thinks there is "an upward bias" to the stock's valuation. He keeps a Buy rating on the shares.
08/07/17
MZHO
08/07/17
INITIATION
Target $230
MZHO
Facebook reinstated with a Buy at Mizuho
Mizuho analyst James Lee reinstated Facebook with a Buy and a $230 price target.
08/08/17
08/08/17
INITIATION
Target $230

Buy
Facebook reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Facebook with a Buy and a $230 price target, arguing that the company has the "unique advantage" of both pricing leverage due to its highly engaging ad formats and best-in-class targeting paired with inventory leverage due to ad formats and data that span its core Facebook, Instagram and mobile messaging properties.
08/08/17
08/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

01:55
11/22/17
11/22
01:55
11/22/17
01:55
Conference/Events
Morgan Stanley analysts hold an analyst/industry conference call »

Sales Specialist Prowse…

DE

Deere

$139.23

2.31 (1.69%)

20:25
11/21/17
11/21
20:25
11/21/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

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03/08/13
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    Nov

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    Nov

PCRX

Pacira

$42.65

0.45 (1.07%)

19:24
11/21/17
11/21
19:24
11/21/17
19:24
Recommendations
Pacira analyst commentary at BMO Capital »

October Symphony data…

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  • 06

    Apr

CEIX

CONSOL Energy

, ICON

Iconix Brand

$2.55

0.28 (12.33%)

19:00
11/21/17
11/21
19:00
11/21/17
19:00
Hot Stocks
S&P announces changes to S&P SmallCap 600 index »

S&P Dow Jones Indices…

CEIX

CONSOL Energy

ICON

Iconix Brand

$2.55

0.28 (12.33%)

CNX

Consol

$16.27

0.23 (1.43%)

PDFS

PDF Solutions

$15.86

0.11 (0.70%)

BBOX

Black Box

$4.15

0.55 (15.28%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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TIVO

TiVo

$17.65

0.15 (0.86%)

, CMCSA

Comcast

$36.42

0.59 (1.65%)

18:52
11/21/17
11/21
18:52
11/21/17
18:52
Recommendations
TiVo, Comcast analyst commentary at JPMorgan »

ITC ruling a…

TIVO

TiVo

$17.65

0.15 (0.86%)

CMCSA

Comcast

$36.42

0.59 (1.65%)

03/08/13
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GKOS

Glaukos

$25.35

-2.86 (-10.14%)

18:48
11/21/17
11/21
18:48
11/21/17
18:48
Recommendations
Glaukos analyst commentary at Piper Jaffray »

Glaukos selloff due to…

03/08/13
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DIS

Disney

$103.00

0.25 (0.24%)

, CMCSA

Comcast

$36.42

0.59 (1.65%)

18:31
11/21/17
11/21
18:31
11/21/17
18:31
Periodicals
Hulu sued for failure to offer audio service for blind subscribers, NY Post says »

Advocacy groups are suing…

DIS

Disney

$103.00

0.25 (0.24%)

CMCSA

Comcast

$36.42

0.59 (1.65%)

CMCSK

Comcast

TWX

Time Warner

$89.56

1.85 (2.11%)

FOX

21st Century Fox

$30.10

0.2 (0.67%)

FOXA

21st Century Fox

$30.88

0.22 (0.72%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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MGA

Magna

$54.29

0.37 (0.69%)

18:23
11/21/17
11/21
18:23
11/21/17
18:23
Hot Stocks
Magna announces two share repurchase programs »

Magna International…

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  • 09

    Jan

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    Jan

PTLA

Portola Pharmaceuticals

$50.80

1.29 (2.61%)

18:23
11/21/17
11/21
18:23
11/21/17
18:23
Hot Stocks
Portola: FDA extends review period for PAS for Bevyxxa »

Portola Pharmaceuticals…

03/08/13
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03/08/13
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03/06/13
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  • 02

    Feb

PBMD

Prima BioMed

$1.65

-0.03 (-1.79%)

18:09
11/21/17
11/21
18:09
11/21/17
18:09
Hot Stocks
Prima BioMed secures European patent grant for lead product IMP321 in cancer »

Prima BioMed announces…

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03/06/13
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CPRT

Copart

$36.70

0.39 (1.07%)

18:06
11/21/17
11/21
18:06
11/21/17
18:06
Earnings
Copart reports Q1 non-GAAP EPS 33c, consensus 27c »

Reports Q1 revenue 419.2M…

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Wedge Partners
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03/06/13
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  • 22

    Nov

  • 19

    Dec

PCTY

Paylocity

$47.79

-0.64 (-1.32%)

18:01
11/21/17
11/21
18:01
11/21/17
18:01
Hot Stocks
Paylocity chairman sells 736,845 common shares »

In a regulatory filing,…

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  • 21

    Nov

MDC

M.D.C. Holdings

$35.10

0.91 (2.66%)

18:01
11/21/17
11/21
18:01
11/21/17
18:01
Hot Stocks
M.D.C. Holdings declares special 8% stock dividend »

M.D.C. Holdings announced…

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PDFS

PDF Solutions

$15.86

0.11 (0.70%)

, BBOX

Black Box

$4.15

0.55 (15.28%)

17:59
11/21/17
11/21
17:59
11/21/17
17:59
Hot Stocks
Breaking Hot Stocks news story on PDF Solutions, Black Box »

PDF Solutions to replace…

PDFS

PDF Solutions

$15.86

0.11 (0.70%)

BBOX

Black Box

$4.15

0.55 (15.28%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HPQ

HP Inc.

$22.46

0.34 (1.54%)

17:58
11/21/17
11/21
17:58
11/21/17
17:58
Hot Stocks
Breaking Hot Stocks news story on HP Inc. »

HP Inc. sees pressure on…

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  • 21

    Nov

CEIX

CONSOL Energy

, ICON

Iconix Brand

$2.55

0.28 (12.33%)

17:57
11/21/17
11/21
17:57
11/21/17
17:57
Hot Stocks
Breaking Hot Stocks news story on CONSOL Energy, Iconix Brand »

CONSOL Energy to replace…

CEIX

CONSOL Energy

ICON

Iconix Brand

$2.55

0.28 (12.33%)

03/08/13
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03/08/13
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03/06/13
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HPQ

HP Inc.

$22.46

0.34 (1.54%)

17:53
11/21/17
11/21
17:53
11/21/17
17:53
Hot Stocks
Breaking Hot Stocks news story on HP Inc. »

HP Inc. says returned…

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  • 21

    Nov

TMQ

Trilogy Metals

$0.92

-0.0211 (-2.25%)

17:53
11/21/17
11/21
17:53
11/21/17
17:53
Syndicate
Breaking Syndicate news story on Trilogy Metals »

Trilogy Metals files to…

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TRNO

Terreno Realty

$37.74

0.74 (2.00%)

17:50
11/21/17
11/21
17:50
11/21/17
17:50
Initiation
Terreno Realty initiated at National Securities »

Terreno Realty initiated…

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  • 14

    Dec

HPQ

HP Inc.

$22.47

0.355 (1.61%)

17:47
11/21/17
11/21
17:47
11/21/17
17:47
Hot Stocks
HP Inc.: 'Stay tuned' for news on metal 3D printing »

Says plans to introduce…

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  • 21

    Nov

THC

Tenet

$13.34

0.17 (1.29%)

17:47
11/21/17
11/21
17:47
11/21/17
17:47
Initiation
Tenet initiated at William Blair »

Tenet initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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LPNT

LifePoint

$43.85

0.65 (1.50%)

17:47
11/21/17
11/21
17:47
11/21/17
17:47
Initiation
LifePoint initiated at William Blair »

LifePoint initiated with…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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LHCG

LHC Group

$67.98

1.46 (2.19%)

17:46
11/21/17
11/21
17:46
11/21/17
17:46
Initiation
LHC Group initiated at William Blair »

LHC Group initiated with…

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  • 12

    Dec

  • 13

    Dec

HLS

HealthSouth

$48.46

0.85 (1.79%)

17:46
11/21/17
11/21
17:46
11/21/17
17:46
Initiation
HealthSouth initiated at William Blair »

HealthSouth initiated…

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03/08/13
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03/06/13
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HCA

HCA Healthcare

$75.89

1.28 (1.72%)

17:46
11/21/17
11/21
17:46
11/21/17
17:46
Initiation
HCA Healthcare initiated at William Blair »

HCA Healthcare initiated…

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03/08/13
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03/06/13
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  • 06

    Dec

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