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SHOP

Shopify

$201.92

-3.3 (-1.61%)

10:17
04/04/19
04/04
10:17
04/04/19
10:17

Shopify puts lead calls 5:1 as shares slide

Shopify puts lead calls 5:1 as shares slide. The stock off 1.8% to $201.37 and touched a morning low of $199.06 after Citron Research said the stock will fall to $100 over the next twelve months. Players in the options market are more focused on what will happen to Shopify shares over the next day because more than two-thirds of the volume is in the April 5th term: led by 202.5, 190, and 207.5 puts. Total volume is 4.5K puts and 900 calls. 30-day implied volatility flat at 50, with earnings due around 4/30.

SHOP Shopify
$201.92

-3.3 (-1.61%)

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.
03/27/19
MACQ
03/27/19
NO CHANGE
Target $230
MACQ
Outperform
Shopify price target raised to $230 from $204 at Macquarie
Macquarie analyst Gus Papageorgiou raised his price target on Shopify (SHOP) to $230 and kept his Outperform rating as part of his broader research note on payment technology providers titled "Turning Millenials into Capitalists". The analyst believes that the company's mimicking of Wix.com (WIX) tactics should allow its international business to grow. Papageorgiou also expects wider adoption of Shopify's Capital, Payments, and Shipping services by merchants.

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Acreage Holdings

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CRM

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FB

Facebook

$178.77

-0.13 (-0.07%)

06:15
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MSFT

Microsoft

$121.75

1.09 (0.90%)

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$236.15

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$80.79

-1.17 (-1.43%)

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ServiceNow, Zendesk, LogMeln analyst commentary at Piper Jaffray »

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Amazon.com

$1,864.63

3.63 (0.20%)

AAPL

Apple

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MSFT

Microsoft

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GOOG

Alphabet

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Alphabet Class A

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GBX

Greenbrier

$33.37

0.12 (0.36%)

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STI

SunTrust

$63.77

0.475 (0.75%)

06:11
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Earnings
SunTrust reports Q1 EPS $1.24, consensus $1.30 »

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UAA

Under Armour

$21.94

0.14 (0.64%)

, UA

Under Armour

$19.66

0.19 (0.98%)

06:10
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Recommendations
Under Armour, Under Armour, Nike, Adidas analyst commentary at Piper Jaffray »

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UAA

Under Armour

$21.94

0.14 (0.64%)

UA

Under Armour

$19.66

0.19 (0.98%)

NKE

Nike

$88.74

0.84 (0.96%)

ADDYY

Adidas

$0.00

(0.00%)

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PEP

PepsiCo

$127.05

4.55 (3.71%)

06:09
04/18/19
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Upgrade
PepsiCo rating change  »

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NMIH

NMI Holdings

$27.08

-0.25 (-0.91%)

06:09
04/18/19
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Initiation
NMI Holdings initiated  »

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TRX

Tanzanian Royalty

$0.81

0.039 (5.06%)

06:08
04/18/19
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06:08
Syndicate
Tanzanian Royalty announces sale of $350,000 of common shares »

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TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

, TSLA

Tesla

$271.12

-1.38 (-0.51%)

06:08
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Periodicals
T. Rowe Price funds cut Tesla holdings in Q1, Reuters reports »

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TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

TSLA

Tesla

$271.12

-1.38 (-0.51%)

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ENV

Envestnet

$69.17

-0.39 (-0.56%)

06:07
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GTLS

Chart Industries

$88.07

1.13 (1.30%)

06:07
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Earnings
Chart Industries raises FY19 adjusted EPS view to $2.70-$3.05 from $2.50-$2.85 »

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BA

Boeing

$377.54

-3.96 (-1.04%)

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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:05
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Earnings
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ULTA

Ulta Beauty

$354.24

-1.07 (-0.30%)

06:05
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GTLS

Chart Industries

$88.07

1.13 (1.30%)

06:05
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Earnings
Chart Industries reports Q1 adjusted EPS 39c, consensus 44c »

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CF

CF Industries

$44.63

0.77 (1.76%)

06:04
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Downgrade
CF Industries rating change  »

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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:03
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Earnings
Breaking Earnings news story on Danaher »

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RF

Regions Financial

$15.78

0.22 (1.41%)

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Breaking Hot Stocks news story on Regions Financial »

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RF

Regions Financial

$15.78

0.22 (1.41%)

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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:02
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Earnings
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SF

Stifel Financial

$59.12

-0.14 (-0.24%)

06:02
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