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ETSY

Etsy

$57.24

-4.56 (-7.38%)

, GOOG

Alphabet

$1,133.14

-31.86 (-2.73%)

18:23
05/13/19
05/13
18:23
05/13/19
18:23

Etsy to use Google Cloud to boost sales, WSJ reports

Etsy (ETSY) plans to use machine-learning technology from Google (GOOG) in an effort to increase sales, the Wall Street Journal's Sara Castellanos reports. The online crafts marketplace carries over 60M unique items from 2.2 sellers, meaning it is critical that the site's search returns more relevant items, as over 80% of search-based purchases come from the first page of results, Castellanos says. "Getting the first page right is really important," said Etsy CTO Mike Fisher. The company is almost three-quarters of the way through its move to Google Cloud and expects to complete the shift in early 2020, the author notes. Reference Link

ETSY

Etsy

$57.24

-4.56 (-7.38%)

GOOG

Alphabet

$1,133.14

-31.86 (-2.73%)

GOOGL

Alphabet Class A

$1,137.35

-30.56 (-2.62%)

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ETSY Etsy
$57.24

-4.56 (-7.38%)

04/04/19
04/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Etsy (ETSY) initiated with a Buy at Canaccord. 2. Renewable Energy (REGI) initiated with an Overweight at Piper Jaffray. 3. Smartsheet (SMAR) initiated with an Outperform at Oppenheimer. 4. Bank of America (BAC) initiated with a Hold at HSBC. 5. Synnex (SNX) initiated with an Outperform at Barrington. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/19
ROTH
05/01/19
NO CHANGE
Target $76
ROTH
Buy
Etsy price target raised to $76 from $72 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Etsy to $76 from $72 and maintained a Buy rating ahead of the company's Q1 results on May 8, saying topline expectations are in-line with the Street, while he assumes ~$2M lower marketing, which yields his higher than consensus adjusted EBITDA estimate of $43.3M. Following Etsy's investor day, Aftahi says he remains confident that ample runway still exists for product improvement, enabling gross merchandise sales, or GMS, growth, alongside international penetration. Comps get more difficult in the second half of the year as Etsy lapses its price increase, the analyst notes.
05/09/19
SBSH
05/09/19
NO CHANGE
Target $86
SBSH
Buy
Etsy post-earnings selloff 'overblown,' says Citi
Citi analyst Nicholas Jones views the post-earnings selloff in shares of Etsy as "overblown." The analyst attributes the 7% pullback to investors looking for a bigger increase in guidance. The results were "positive" and Etsy is launching an upper funnel media campaign in Q2, which is expected to drive frequency and increase reach, Jones tells investors in a research note. He raised his price target for the shares to $86 and keeps a Buy rating on the name.
05/09/19
ADAM
05/09/19
NO CHANGE
Target $85
ADAM
Buy
Etsy business model continuing to evolve in 'positive' direction, says Canaccord
Canaccord analyst Maria Ripps maintained a Buy rating and $85 price target on Etsy following the company's "strong" Q1 results, saying he sees increased marketing investment through the year along with continued testing of newer channels to optimize spend, both of which should support ongoing "robust growth. Ripps tells investors in a research note that while the stock's premium valuation could lead to short-term volatility in quarters like this with in-line revenue, she sees strong evidence of a business model continuing to evolve in a positive direction and expects continued robust growth and improving profitability going forward.
GOOG Alphabet
$1,133.14

-31.86 (-2.73%)

04/30/19
OPCO
04/30/19
NO CHANGE
Target $1342
OPCO
Outperform
Alphabet price target lowered to $1,342 from $1,435 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for Alphabet to $1,342 from $1,435 following quarterly results, while reiterating an Outperform rating on the shares. Despite weaker ad results and lower core margins year over year, the analyst notes that Alphabet is a "cash cow," dominating search, and compounding its core business, with numerous new initiatives at just 11-times 2020 EBITDA and 21-times free cash flow.
04/30/19
04/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Alphabet revenue growth in last night's Q1 results dropped below 20% for the first time since Q2 of 2015. 2. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities. 3. Trade Desk (TTD) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey saying he believes shares are currently fairly valued given the company's growth and opportunities in mobile and Connected TV. 4. ADP (ADP) downgraded to Market Perform from Outperform at Bernstein while Paychex (PAYX) was downgraded to Underperform from Market Perform. 5. Trex Company (TREX) downgraded to Neutral from Buy at B. Riley FBR with analyst Alex Rygiel citing near-term profit margin pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
05/08/19
UPGRADE
Target $25

Buy
Criteo upgraded to Buy at SunTrust on 'manageable' Chrome changes
As previously reported, SunTrust analyst Matthew Thornton upgraded Criteo (CRTO) to Buy from Hold as he sees the new data privacy developments in Google's (GOOG) Chrome look manageable, reducing the "major overhang" to the stock. Further, the analyst believes valuation is "compelling," and buybacks could provide a tailwind. Thornton also raised his price target on Criteo's shares to $25 from $24.
05/13/19
MSCO
05/13/19
DOWNGRADE
Target $7
MSCO
Equal Weight
ADT Inc. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Toni Kaplan downgraded ADT Inc. (ADT) to Equal Weight from Overweight as she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. The survey showed homeowners seem as inclined to buy DIY systems as ADT systems, that more ADT customers switched to DIY providers than she would have expected and that measure of brand preference for Amazon's (AMZN) Ring and Google's (GOOG) Nest were higher than for ADT, Kaplan explains. Given that the survey leads her to fear ADT may find it difficult to defend its market share, Kaplan lowered her price target on the stock to $7 from $9.
GOOGL Alphabet Class A
$1,137.35

-30.56 (-2.62%)

05/01/19
DZBN
05/01/19
DOWNGRADE
DZBN
Hold
Alphabet downgraded to Hold from Buy at DZ Bank

TODAY'S FREE FLY STORIES

TGT

Target

$102.13

16.555 (19.35%)

13:52
08/21/19
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13:52
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JMIA

Jumia Technologies

$12.43

-2.26 (-15.38%)

13:47
08/21/19
08/21
13:47
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13:47
Recommendations
Jumia Technologies analyst commentary  »

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13:45
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General news
Breaking General news story  »

FOMC Minutes to be…

AFL

Aflac

$49.66

-2.2 (-4.24%)

13:38
08/21/19
08/21
13:38
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13:38
Periodicals
Aflac reiterates review being done of Post channel sales, Bloomberg says »

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AMZN

Amazon.com

$1,823.96

21.88 (1.21%)

, WMT

Walmart

$112.15

0.03 (0.03%)

13:37
08/21/19
08/21
13:37
08/21/19
13:37
Periodicals
Amazon opens 'largest campus yet' in south Indian city, Bloomberg says »

According to an earlier…

AMZN

Amazon.com

$1,823.96

21.88 (1.21%)

WMT

Walmart

$112.15

0.03 (0.03%)

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CBL

CBL & Associates

$0.86

0.022 (2.62%)

13:32
08/21/19
08/21
13:32
08/21/19
13:32
Hot Stocks
CBL Properties to pursue measures to cure NYSE rule non-compliance »

CBL Properties announced…

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13:25
08/21/19
08/21
13:25
08/21/19
13:25
Conference/Events
The Food & Drug Law Institute to hold a webinar »

Anthony Anscombe, Partner…

13:25
08/21/19
08/21
13:25
08/21/19
13:25
Conference/Events
FOMC releases minutes from July 30-31, 2019 Policy Meeting »

The Federal Open Market…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
08/21/19
08/21
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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GOOG

Alphabet

$1,195.07

11.64 (0.98%)

, GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

13:16
08/21/19
08/21
13:16
08/21/19
13:16
Hot Stocks
YouTube Premium users can now listen directly within Waze app »

In an earlier blog post,…

GOOG

Alphabet

$1,195.07

11.64 (0.98%)

GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
08/21/19
08/21
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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BHC

Bausch Health

$22.31

1.05 (4.94%)

13:06
08/21/19
08/21
13:06
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13:06
Hot Stocks
Bausch Health trades up after VP Humphries buys over $650K in shares »

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FB

Facebook

$185.03

1.27 (0.69%)

, TWTR

Twitter

$42.65

0.355 (0.84%)

13:05
08/21/19
08/21
13:05
08/21/19
13:05
On The Fly
#SocialStocks: New 'Off-Facebook Activity' tool, Argus upgrades Pinterest »

Welcome to…

FB

Facebook

$185.03

1.27 (0.69%)

TWTR

Twitter

$42.65

0.355 (0.84%)

PINS

Pinterest

$36.40

2.05 (5.97%)

03/08/13
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ALXN

Alexion

$113.91

2.49 (2.23%)

13:05
08/21/19
08/21
13:05
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13:05
Options
Alexion call volume above normal and directionally bullish »

Bullish option flow…

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VIOT

Viomi Technology

$9.00

-0.27 (-2.91%)

12:57
08/21/19
08/21
12:57
08/21/19
12:57
Initiation
Viomi Technology initiated at Needham »

Viomi Technology assumed…

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  • 21

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MAS

Masco

$40.58

0.95 (2.40%)

, GWW

Grainger

$276.25

4.29 (1.58%)

12:57
08/21/19
08/21
12:57
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12:57
Periodicals
Masco trades higher after Bloomberg report on bidders for cabinet-making unit »

Late in the trading…

MAS

Masco

$40.58

0.95 (2.40%)

GWW

Grainger

$276.25

4.29 (1.58%)

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PFPT

Proofpoint

$117.13

5.14 (4.59%)

12:55
08/21/19
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12:55
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12:55
Conference/Events
Proofpoint participates in a conference call with Wedbush »

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BLK

BlackRock

$420.88

2.92 (0.70%)

12:54
08/21/19
08/21
12:54
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12:54
Periodicals
BlackRock funds get approval to acquire stake in Cofense, WSJ reports »

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  • 27

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GS

Goldman Sachs

$200.90

0.98 (0.49%)

12:52
08/21/19
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12:52
Periodicals
Goldman Sachs studying sale of Safe-Guard Products unit, Reuters reports »

Goldman Sachs is working…

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  • 15

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JNJ

Johnson & Johnson

$131.60

1.03 (0.79%)

, LLY

Eli Lilly

$111.90

0.94 (0.85%)

12:26
08/21/19
08/21
12:26
08/21/19
12:26
Periodicals
HHS appeals ruling over pharma prices in TV ads, STAT News reports »

The U.S. Department of…

JNJ

Johnson & Johnson

$131.60

1.03 (0.79%)

LLY

Eli Lilly

$111.90

0.94 (0.85%)

MRK

Merck

$87.16

1.5 (1.75%)

PFE

Pfizer

$35.04

0.42 (1.21%)

SNY

Sanofi

$43.35

0.76 (1.78%)

AZN

AstraZeneca

$45.59

0.97 (2.17%)

GSK

GlaxoSmithKline

$40.85

0.59 (1.47%)

NVS

Novartis

$90.50

1.43 (1.61%)

RHHBY

Roche

$0.00

(0.00%)

BMY

Bristol-Myers

$47.65

0.02 (0.04%)

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NVRO

Nevro

$84.55

1.57 (1.89%)

12:25
08/21/19
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Conference/Events
Nevro participates in a conference call with SVB Leerink »

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VG

Vonage

$13.53

0.185 (1.39%)

, FIVN

Five9

$64.11

1.63 (2.61%)

12:25
08/21/19
08/21
12:25
08/21/19
12:25
Conference/Events
Stephens Cloud Infrastructure Analyst to hold Analyst/Industry conference call »

Enterprise & Cloud…

VG

Vonage

$13.53

0.185 (1.39%)

FIVN

Five9

$64.11

1.63 (2.61%)

TWLO

Twilio

$132.21

5.32 (4.19%)

WORK

Slack Technologies

$31.07

0.575 (1.89%)

AMZN

Amazon.com

$1,824.00

21.92 (1.22%)

MSFT

Microsoft

$138.82

1.57 (1.14%)

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AAPL

Apple

$213.25

2.9 (1.38%)

, FB

Facebook

$185.05

1.29 (0.70%)

12:21
08/21/19
08/21
12:21
08/21/19
12:21
Periodicals
Trump says relationship better with Apple CEO than other tech execs, CNBC says »

CNBC's Eamon Javers…

AAPL

Apple

$213.25

2.9 (1.38%)

FB

Facebook

$185.05

1.29 (0.70%)

AMZN

Amazon.com

$1,824.53

22.45 (1.25%)

GOOGL

Alphabet Class A

$1,195.80

11.54 (0.97%)

GOOG

Alphabet

$1,195.03

11.6 (0.98%)

TWTR

Twitter

$42.78

0.485 (1.15%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
08/21/19
08/21
12:17
08/21/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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IGLD

Internet Gold

$24.80

-0.75 (-2.94%)

12:16
08/21/19
08/21
12:16
08/21/19
12:16
Hot Stocks
Internet Gold announces receipt of Nasdaq non-compliance notice »

Internet Gold announced…

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