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SHOP

Shopify

$201.50

-3.48 (-1.70%)

13:39
03/22/19
03/22
13:39
03/22/19
13:39

Mailchimp asks to remove Shopify integration over new terms of service

Mailchimp issued a statement on its Shopify partnership, stating in part: "Yesterday, we asked Shopify to remove the Mailchimp for Shopify integration from their marketplace. We made this decision because Shopify released updated terms that would negatively impact our business and put our users at risk. We also asked Shopify to leave the integration on for existing connected users through May 12, when the data sharing provisions of Shopify's new terms take effect. We're hopeful that Shopify will work with us to make this transition as smooth as possible for our shared users. For months, we've been trying to work with Shopify on terms that would be fair and equitable for both of our businesses. Throughout these negotiations, we refused to agree to terms that jeopardize our users' privacy and require us to hand over customer data acquired outside of Shopify...We're disappointed that we weren't able to continue our partnership with Shopify, but our customers are our top priority." Reference Link

SHOP Shopify
$201.50

-3.48 (-1.70%)

02/14/19
RSBL
02/14/19
NO CHANGE
Target $212
RSBL
Buy
Shopify price target raised to $212 from $190 at Rosenblatt
Rosenblatt analyst Mark Zgutowicz raised his price target on Shopify (SHOP) shares to $212 from $190 following the company's Q4 report, stating that large DTC direct-to-consumer companies are leveraging Shopify's platform to take "back ownership of their brands, largely from Amazon." Though "the stock may appear optically expensive," he still sees good value, added Zgutowicz, who keeps a Buy rating on Shopify shares.
03/19/19
RBCM
03/19/19
NO CHANGE
RBCM
Outperform
Shopify could lose some future payments volume to Instagram, says RBC Capital
After Facebook's (FB) Instagram announced in a blog post that it is adding in-app checkout, RBC Capital analyst Ross MacMillan explained that he views the risk to Shopify (SHOP) being that native Instagram Checkout could take some gross payments volume share in the future, some of which would have been Shopify's. As it stands today, merchants can link Instagram as a channel to their Shopify platform and transactions occur through the Shopify checkout, which would generate payments volume and revenue, assuming that merchant uses Shopify Payments, said MacMillan. However, he added that he thinks volumes from Instagram purchases are "very small" today. MacMillan has an Outperform rating on Shopify shares.
03/19/19
JEFF
03/19/19
NO CHANGE
JEFF
Hold
Jefferies understands Shopify concerns following 'Checkout on Instagram'
Shares of Shopify traded down modestly today on the announcement of "Checkout on Instagram," a feature that will allow users to complete purchases without leaving the app, Jefferies analyst Samad Samana tells investors in a research note. Facebook's (FB) Instagram will charge merchants a selling fee and partner with PayPal (PYPL) for payment processing, the analyst points out. He understands the investor concerns since Shopify partners with Instagram. Samana, however, believes most merchants will continue to rely on their underlying e-commerce platform to complete most online transactions, manage their stores and inventory. Further, merchants succeeding on multiple channels could increase the likelihood of using a platform like Shopify to manage their business, the analyst contends. He points out, though, that if merchants choose to adopt "Checkout on Instagram", PayPal would provide the payment processing for the gross merchandise volume generated on Instagram rather than directing back to a merchant's Shopify store to process the transaction. This could be a headwind for Shopify's Payments revenue growth, says Samana. He keeps a Hold rating on the shares with a $175 price target. The stock closed the trading day down 2%, or $3.68, to $202.09.
03/19/19
BTIG
03/19/19
NO CHANGE
BTIG
Neutral
BTIG sees limited impact to Etsy from 'Checkout on Instagram'
Facebook's (FB) "Checkout on Instagram" announced today focuses on large sellers, which means it is not yet a competitor of Etsy (ETSY), BTIG analyst Marvin Fong tells investors in a research note titled "In Instagram, Sellers Could Soon Have a New Sales Channel, But We See Limited Impact to Etsy." However, Instagram mentions in its blog post that in the future it will work with Shopify-type (SHOP) platforms, indicating that it intends to reach into the small-to-medium size businesses, the analyst adds. He points out that BuzzFeed even identified Etsy as a future target of Checkout by name. Fong's quick analysis, which "pessimistically" assumes Instagram can convert 10% of an Etsy seller's Instagram followers, puts the impact to Etsy's volume at around 2%. The analyst estimates about 41% of large Etsy sellers are already able to integrate with Instagram. He also found that found that ~25% of large Etsy sellers have no Instagram presence. Fong keeps a Neutral rating on Etsy.

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MSFT

Microsoft

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PG

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0.37 (0.30%)

KO

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PEP

PepsiCo

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CL

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0.01 (0.01%)

KMB

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K

Kellogg

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BGNE

BeiGene

$135.62

2.61 (1.96%)

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CE

Celanese

$122.73

-1.06 (-0.86%)

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BA

Boeing

$379.33

-5.28 (-1.37%)

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AA

Alcoa

$21.70

-0.26 (-1.18%)

19:15
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AA

Alcoa

$21.70

-0.26 (-1.18%)

, SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

19:15
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Downgrade
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AA

Alcoa

$21.70

-0.26 (-1.18%)

SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

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SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

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FNSR

Finisar

$24.31

1.25 (5.42%)

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BNPQY

BNP Paribas

$0.00

(0.00%)

, DB

Deutsche Bank

$7.99

-0.08 (-0.99%)

18:04
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Deutsche Bank nearing deal to transfer prime assets to BNP, Reuters says »

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BNPQY

BNP Paribas

$0.00

(0.00%)

DB

Deutsche Bank

$7.99

-0.08 (-0.99%)

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VRSK

Verisk Analytics

$158.47

-0.21 (-0.13%)

18:00
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T

AT&T

$37.92

0.78 (2.10%)

, CMCSA

Comcast

$46.36

-0.32 (-0.69%)

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T

AT&T

$37.92

0.78 (2.10%)

CMCSA

Comcast

$46.36

-0.32 (-0.69%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$59.19

-0.19 (-0.32%)

LGF.A

Lionsgate

$9.49

-0.47 (-4.72%)

LGF.B

Lionsgate

$8.88

-0.435 (-4.67%)

DIS

Disney

$132.18

-1.14 (-0.86%)

VIAB

Viacom

$24.92

-0.28 (-1.11%)

VIA

Viacom

$26.67

-0.85 (-3.09%)

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VIVHY

Vivendi

$0.00

(0.00%)

, MDSO

Medidata

$91.77

-0.04 (-0.04%)

16:01
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Vivendi to widen legal battle against Mediaset beyond Italy, Reuters says »

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VIVHY

Vivendi

$0.00

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MDSO

Medidata

$91.77

-0.04 (-0.04%)

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SFTBY

SoftBank

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, SFTBF

SoftBank

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Some WeWork board members seeing to remove Neumann as CEO, WSJ says »

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SoftBank

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SoftBank

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WE

We Company

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SFTBY

SoftBank

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SoftBank

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Viacom

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-0.28 (-1.11%)

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Viacom

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SNE

Sony

$59.19

-0.19 (-0.32%)

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PWR

Quanta Services

$37.61

-0.28 (-0.74%)

12:22
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Conference/Events
Quanta Services management to meet with Stephens »

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PTEN

Patterson-UTI

$9.66

0.01 (0.10%)

12:21
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12:21
Conference/Events
Patterson-UTI management to meet with Stephens »

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ESE

Esco Technologies

$78.44

-1.54 (-1.93%)

12:19
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Conference/Events
Esco Technologies management to meet with Stephens »

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CSGP

CoStar Group

$595.10

-3.87 (-0.65%)

12:16
09/22/19
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Conference/Events
CoStar Group participates in a conference call with Stephens »

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CNNE

Cannae Holdings

$28.05

0.875 (3.22%)

12:02
09/22/19
09/22
12:02
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12:02
Conference/Events
Cannae Holdings management to meet with Stephens »

Group Luncheon Meeting…

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