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PYPL

PayPal

$100.77

-0.61 (-0.60%)

10:04
03/25/19
03/25
10:04
03/25/19
10:04

Venmo threatens users with debt collectors in effort to curb losses, WSJ reports

PayPal's digital money-transfer service Venmo is threatening to have debt collectors go after users who hold negative balances in their accounts in an effort to curb losses on the platform, the Wall Street Journal's Peter Rudegeair reports, citing customer-service emails. Venmo, which notified users that it could refer them to a collection agency over amounts as high as $3,000 and as low as $7, also recently updated its user agreement in order to recover money customers owe by seizing it from other PayPal accounts. Reference Link

PYPL PayPal
$100.77

-0.61 (-0.60%)

02/25/19
02/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Imax (IMAX) downgraded to Hold from Buy Canaccord by analyst Aravinda Galappatthige, who cited weak box office trends, particularly in China. He believes the uncertainty around the China outlook and the less friendly slate of movies for 2019 will also be headwinds. 2. SQM (SQM) downgraded to Hold from Buy at Deutsche Bank by analyst Chris Terry, who said he is moving to the sidelines following the 9% share price increase over the past two weeks. He likes the fundamentals of the business but believes that the first half of the year "could still provide some moderate headwinds." 3. PayPal (PYPL) downgraded to Neutral from Buy at Buckingham. 4. Motif Bio (MTFB) downgraded to Neutral from Buy at H.C. Wainwright by analyst Raghuram Selvaraju, who said he is unsure whether the FDA would ever approve iclaprim, "regardless of what data Motif might be able to furnish." Further, he believes there is "considerable uncertainty regarding Motif's ability to fund such studies." 5. Allegion (ALLE) downgraded to In-Line from Outperform at Imperial Capital by analyst Jeff Kessler, who sees 7% potential upside following the company's Q4 results and 2019 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/19
NOMU
02/28/19
NO CHANGE
Target $110
NOMU
Buy
PayPal price target raised to $110 from $100 at Nomura Instinet
Nomura Instinet analyst Bill Carcache raised his price target for PayPal to $110 saying the company's core operating trends "remain healthy." Decelerating growth has emerged as the "PayPal 2.0" bear case, with PayPal catching four downgrades since reporting earnings last quarter, Carcache tells investors in a research note. The analyst says that while he would not minimize the significance of deceleration, he sees "clear evidence" that the headwinds PayPal is facing are transitory. He keeps a Buy rating on the shares.
03/05/19
NOMU
03/05/19
NO CHANGE
Target $105
NOMU
Buy
Downloads of Square's Cash App accelerating, says Nomura Instinet
Nomura Instinet analyst Dan Dolev lowered his price target for Square (SQ) to $105 from $110 while keeping a Buy rating on the shares. The analyst's Cash App versus PayPal's (PYPL) Venmo payments app tracker points to a "healthy pace" of downloads in February with 2.1M additional downloads, and year-over-year download growth accelerating for the second consecutive month to 37%. With 15M active users in December, the number of active Cash App users has more than doubled year-over-year, resulting in a slight improvement to the ratio of active versus total downloads, Dolev tells investors in a research note.
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.

TODAY'S FREE FLY STORIES

NXGN

NextGen Healthcare

$16.83

-1.28 (-7.07%)

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AMOT

Allied Motion

$46.79

0.81 (1.76%)

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Allied Motion CEO sells 10K shares of common stock »

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LILA

Liberty Latin America

$17.56

0.32 (1.86%)

, DISCA

Discovery

$32.36

0.28 (0.87%)

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HOCPY

Hoya Corp.

$0.00

(0.00%)

, TOSBF

Toshiba, also use TOSYY

$0.00

(0.00%)

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HOCPY

Hoya Corp.

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TOSBF

Toshiba, also use TOSYY

$0.00

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Toshiba

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ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

Sarepta

$100.39

-1.15 (-1.13%)

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Fly Intel: After Hours Movers »

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Adobe

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SRPT

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$100.39

-1.15 (-1.13%)

DDOG

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$35.75

0.23 (0.65%)

RIG

Transocean

$5.94

0.28 (4.95%)

TPR

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0.515 (1.99%)

GTIM

Good Times Restaurants

$1.71

0.14 (8.92%)

ORCL

Oracle

$56.47

0.16 (0.28%)

AVGO

Broadcom

$327.39

7.53 (2.35%)

COST

Costco

$297.50

2.28 (0.77%)

CNC

Centene

$58.52

-0.13 (-0.22%)

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  • 23

    Jan

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    Mar

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
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Hot Stocks
Breaking Hot Stocks news story on Sarepta »

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PHR

Phreesia

$28.67

0.1 (0.35%)

18:38
12/12/19
12/12
18:38
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18:38
Syndicate
Phreesia 6.75M share Secondary priced at $26.00 »

The deal size was…

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  • 13

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:31
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Hot Stocks
Breaking Hot Stocks news story on Sarepta »

Sarepta to resume trading…

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ADBE

Adobe

$305.76

2.01 (0.66%)

18:25
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12/12
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Hot Stocks
Adobe CEO: We are not overly concerned with the trade war with China »

Comment from interview…

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:20
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Hot Stocks
Sarepta announces FDA approval of VYONDYS 53 injection to treat DMD »

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AMZN

Amazon.com

$1,760.44

11.33 (0.65%)

18:11
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Hot Stocks
Amazon orders fourth season of 'The Marvelous Mrs. Maisel' »

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

Portman Ridge Finance

$2.04

(0.00%)

18:10
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Hot Stocks
OHA Investment obtains stockholder approval of Portman Ridge deal »

OHA Investment…

OHAI

OHA Investment

$1.28

(0.00%)

PTMN

Portman Ridge Finance

$2.04

(0.00%)

03/08/13
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ONCT

Oncternal Therapeutics

$4.62

0.05 (1.09%)

18:05
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Oncternal presents interim data from Phase 1b clinical study of cirmtuzumab »

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HZN

Horizon Global

$3.49

0.14 (4.18%)

18:03
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Hot Stocks
Horizon Global CFO Jamie Pierson steps down »

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ORCL

Oracle

$56.47

0.16 (0.28%)

18:03
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Oracle CEO Catz says expects momentum in 2H20 to carry into FY21 »

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  • 12

    Dec

SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:00
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ORCL

Oracle

$56.47

0.16 (0.28%)

17:52
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Hot Stocks
Oracle's Ellison says 'we have no plans for having a second CEO' »

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  • 12

    Dec

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

Evercel, Inc

$0.00

(0.00%)

17:41
12/12/19
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Hot Stocks
NewLink Genetics advances over 11% after Evercel discloses rejected offer »

Shares of NewLink…

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

EVRC

Evercel, Inc

$0.00

(0.00%)

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EVRC

Evercel, Inc

$0.00

(0.00%)

, NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

17:36
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Evercel announces rejected offer to acquire NewLink Genetics »

Evercel (EVRC) has made…

EVRC

Evercel, Inc

$0.00

(0.00%)

NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

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BXRX

Baudax Bio

$6.30

0.225 (3.70%)

17:34
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Corsair Capital reports 8.77% passive stake in Baudax Bio »

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  • 16

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GVA

Granite Construction

$27.55

1.255 (4.77%)

17:33
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Hot Stocks
Granite Construction subsidiary awarded $16M contract to rehabilitate I-94 »

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ENV

Envestnet

$71.58

-0.195 (-0.27%)

17:29
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Syndicate
Breaking Syndicate news story on Envestnet »

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LULU

Lululemon

$224.48

-8.83 (-3.78%)

17:28
12/12/19
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17:28
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17:28
Syndicate
Lululemon holder Advent said to offer 2.6M shares, Bloomberg reports »

Block offer range seen at…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:26
12/12/19
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17:26
Hot Stocks
Oracle sees FY20 CapEx approximately $2.2B »

Sees FY20 tax rate…

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ORCL

Oracle

$56.47

0.16 (0.28%)

17:25
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12/12
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17:25
Earnings
Oracle sees 'double digit' EPS growth in FY20, consensus $3.88 »

Sees FY20 revenue growing…

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