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ETSY

Etsy

$62.29

-0.65 (-1.03%)

, GRUB

GrubHub

$65.17

1.36 (2.13%)

08:17
06/03/19
06/03
08:17
06/03/19
08:17

Etsy names Ryan Scott Chief Marketing Officer, effective June 24GrubHub

Etsy (ETSY) has named Ryan Scott Chief Marketing Officer, effective June 24. Formerly CMO of Slice, the leading digital marketplace for pizza ordering, Scott has nearly two decades of marketing and e-commerce experience, including leadership roles at Grubhub (GRUB), SoulCycle, and Pond5. In this newly-created position, Scott will have global responsibility for the company's digital marketing, advertising, brand, communications, and market research and international growth initiatives, as Etsy scales its brand and performance marketing operations. He will be based at Etsy's headquarters in Brooklyn, NY and report to CEO Josh Silverman.

ETSY

Etsy

$62.29

-0.65 (-1.03%)

GRUB

GrubHub

$65.17

1.36 (2.13%)

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ETSY Etsy
$62.29

-0.65 (-1.03%)

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.
GRUB GrubHub
$65.17

1.36 (2.13%)

05/02/19
05/02/19
DOWNGRADE

Hold
GrubHub downgraded to Hold at Argus on rising costs and margin pressure
As previously reported, Argus analyst John Staszak downgraded GrubHub to Hold, also lowering his FY19 and FY20 EPS outlook by 10c to $1.70 and $2.40 respectively. The analyst believes that the company will see higher costs and margin pressure as it enters new markets and also warns that differentiation challenges relative to the emerging competition could slow its growth rate over the coming several years. Staszak lowers his 5-year earnings growth outlook to 20% from 25% prior.
05/02/19
05/02/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hilton (HLT) downgraded to Hold from Buy at Deutsche Bank with analyst Carlo Santarelli saying he's making a stock call on valuation, not a company call. He expects the stock to take a "breather" following the post-earnings rally. 2. Estee Lauder (EL) was downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at DA Davidson. 3. Scotts Miracle-Gro (SMG) downgraded to Underperform from Neutral at BofA/Merrill with analyst Christopher Carey saying Scotts reported "solid" Q1 results, but he is concerned about difficult comps ahead and market expectations for a guidance raise. 4. GrubHub (GRUB) downgraded to Hold from Buy at Argus with analyst John Staszak saying he believes that the company will see higher costs and margin pressure as it enters new markets and also warns that differentiation challenges relative to the emerging competition could slow its growth rate over the coming several years. 5. Cree (CREE) downgraded to Perform from Outperform at Oppenheimer wth analyst Colin Rusch saying management has executed well on its turnaround plan, but this is currently reflected in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
GDHS
05/20/19
INITIATION
Target $75
GDHS
Buy
GrubHub initiated with a Buy at Gordon Haskett
Gordon Haskett analyst Robert Mollins started GrubHub with a Buy rating and $75 price target, telling investors that he sees the "short-term pain" from its investments in marketing and delivery market expansion leading to long-term gains. He believes that the stock's multiple will recover as investors recognize that Grubhub's recent market share losses have largely been "low or no margin customers" who have been taking advantage of competitors' free delivery offers. He also notes that GrubHub has a 95% repeat customer base, which means most of its future marketing can be geared towards new customer acquisition and accelerating awareness in new delivery markets.
05/31/19
BNCH
05/31/19
NO CHANGE
BNCH
Buy
Waitr has kept market share, at worst, in competitive markets, says Benchmark
Benchmark analyst Daniel Kurnos said he left recent meetings with Waitr (WTRH) management with the belief that the strong underlying fundamentals that were "overlooked and on display" in Q1 should continue through the year. He added that private credit card data and publicly available market data show Waitr "has, at worst, maintained their market share in even their most competitive markets" while GrubHub (GRUB) has faced the biggest challenge from competition. Kurnos maintains a Buy rating on Waitr Holdings shares.

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PNC

PNC Financial

$140.90

1.34 (0.96%)

13:45
10/16/19
10/16
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13:45
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The Brookings Institution to hold a discussion on recession preparation »

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IBM

IBM

$141.89

-1.09 (-0.76%)

, FB

Facebook

$188.69

-0.12 (-0.06%)

13:43
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13:43
Earnings
Fly Intel: What to watch in IBM's earnings report »

IBM (IBM) is scheduled to…

IBM

IBM

$141.89

-1.09 (-0.76%)

FB

Facebook

$188.69

-0.12 (-0.06%)

V

Visa

$177.59

-1.21 (-0.68%)

PYPL

PayPal

$102.54

-1 (-0.97%)

EBAY

eBay

$38.92

0.04 (0.10%)

MA

MasterCard

$277.70

-0.94 (-0.34%)

BKNG

Booking Holdings

$2,025.61

7.98 (0.40%)

MSFT

Microsoft

$139.94

-1.62 (-1.14%)

GOOG

Alphabet

$1,243.61

0.08 (0.01%)

GOOGL

Alphabet Class A

$1,243.00

0.49 (0.04%)

INTC

Intel

$52.14

-0.505 (-0.96%)

BABA

Alibaba

$176.05

0.74 (0.42%)

SFTBF

SoftBank

$0.00

(0.00%)

BIDU

Baidu

$108.33

1.115 (1.04%)

SCMWY

Swisscom

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

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M

Macy's

$15.77

0.07 (0.45%)

13:35
10/16/19
10/16
13:35
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13:35
Options
Macy's put volume heavy and directionally bearish »

Bearish flow noted in…

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FB

Facebook

$188.59

-0.22 (-0.12%)

13:32
10/16/19
10/16
13:32
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13:32
Hot Stocks
Facebook unveils ReAgent to help build models that make and rely on decisions »

Jason Gauci, Honglei Liu,…

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PINS

Pinterest

$25.70

0.1 (0.39%)

13:27
10/16/19
10/16
13:27
10/16/19
13:27
Upgrade
Pivotal upgrades Pinterest to Buy after 30% pullback from highs »

Pivotal Research analyst…

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ALGN

Align Technology

$211.62

2.32 (1.11%)

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Options
Align Technology call volume above normal and directionally bullish »

Bullish option flow…

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13:25
10/16/19
10/16
13:25
10/16/19
13:25
Conference/Events
Stephens food/agribusiness analyst to hold analyst/industry conference call »

Analysts, along with…

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Conference/Events
Wedbush technology analyst to hold an analyst/industry webcast »

Technology Analyst…

PINS

Pinterest

$25.69

0.09 (0.35%)

13:21
10/16/19
10/16
13:21
10/16/19
13:21
Upgrade
Pinterest rating change  »

Pinterest upgraded to Buy…

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  • 16

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PM

Philip Morris

$79.09

0.77 (0.98%)

, HON

Honeywell

$163.93

0.27 (0.16%)

13:19
10/16/19
10/16
13:19
10/16/19
13:19
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

PM

Philip Morris

$79.09

0.77 (0.98%)

HON

Honeywell

$163.93

0.27 (0.16%)

UNP

Union Pacific

$163.27

0.07 (0.04%)

MS

Morgan Stanley

$42.80

0.26 (0.61%)

BBT

BB&T

$52.81

0.06 (0.11%)

STI

SunTrust

$68.01

-0.04 (-0.06%)

PPG

PPG

$119.43

1.21 (1.02%)

MTB

M&T Bank

$158.77

-0.1 (-0.06%)

KEY

KeyCorp

$17.63

-0.15 (-0.84%)

GPC

Genuine Parts

$97.95

0.01 (0.01%)

DOV

Dover

$95.93

-0.02 (-0.02%)

TXT

Textron

$50.56

-0.11 (-0.22%)

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IBM

IBM

$141.62

-1.36 (-0.95%)

, NFLX

Netflix

$282.05

-2.19 (-0.77%)

13:19
10/16/19
10/16
13:19
10/16/19
13:19
Earnings
Notable companies reporting after market close »

Notable companies…

IBM

IBM

$141.62

-1.36 (-0.95%)

NFLX

Netflix

$282.05

-2.19 (-0.77%)

CCI

Crown Castle

$133.80

-0.85 (-0.63%)

CSX

CSX

$68.89

-0.28 (-0.40%)

KMI

Kinder Morgan

$20.09

-0.09 (-0.45%)

CCK

Crown Holdings

$63.23

0.44 (0.70%)

URI

United Rentals

$122.16

1.45 (1.20%)

STLD

Steel Dynamics

$28.59

-1.53 (-5.08%)

AA

Alcoa

$19.44

-0.01 (-0.05%)

03/08/13
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FB

Facebook

$188.88

0.07 (0.04%)

, AVGO

Broadcom

$288.01

-2.45 (-0.84%)

13:17
10/16/19
10/16
13:17
10/16/19
13:17
Periodicals
European Commission exploring investigation of Facebook, NY Times reports »

The European Commission…

FB

Facebook

$188.88

0.07 (0.04%)

AVGO

Broadcom

$288.01

-2.45 (-0.84%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/16/19
10/16
13:17
10/16/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/16/19
10/16
13:16
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13:16
Technical Analysis
NYSE market internals summary »

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W

Wayfair

$110.58

1.63 (1.50%)

13:15
10/16/19
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13:15
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13:15
Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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13:15
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Conference/Events
FBN Securities media analyst to hold an analyst/industry conference call »

Media & Entertainment…

FB

Facebook

$188.81

(0.00%)

, V

Visa

$177.55

-1.25 (-0.70%)

13:13
10/16/19
10/16
13:13
10/16/19
13:13
Periodicals
Facebook exec still expects Libra to win enough financial backers, Reuters says »

Facebook's (FB)…

FB

Facebook

$188.81

(0.00%)

V

Visa

$177.55

-1.25 (-0.70%)

MA

MasterCard

$277.35

-1.29 (-0.46%)

PYPL

PayPal

$102.55

-0.99 (-0.96%)

BKNG

Booking Holdings

$2,026.75

9.12 (0.45%)

EBAY

eBay

$38.95

0.07 (0.18%)

03/08/13
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AKBA

Akebia

$4.46

0.125 (2.89%)

13:10
10/16/19
10/16
13:10
10/16/19
13:10
Recommendations
Akebia analyst commentary  »

Akebia lawsuit against…

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LEVI

Levi Strauss

$17.50

0.14 (0.81%)

, WWW

Wolverine World Wide

$28.71

0.115 (0.40%)

13:08
10/16/19
10/16
13:08
10/16/19
13:08
Hot Stocks
Wolverine World Wide appoints Angelo Ng as chief merchant officer »

Wolverine World Wide…

LEVI

Levi Strauss

$17.50

0.14 (0.81%)

WWW

Wolverine World Wide

$28.71

0.115 (0.40%)

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  • 22

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PDCO

Patterson Companies

$17.44

0.11 (0.63%)

13:06
10/16/19
10/16
13:06
10/16/19
13:06
Hot Stocks
Patterson does not believe FTC recommendation will impact financials »

Patterson Companies…

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HUN

Huntsman

$23.10

0.1 (0.43%)

13:05
10/16/19
10/16
13:05
10/16/19
13:05
Downgrade
Huntsman rating change  »

Huntsman downgraded to…

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  • 25

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LSCC

Lattice Semiconductor

$19.52

-0.24 (-1.21%)

13:02
10/16/19
10/16
13:02
10/16/19
13:02
Hot Stocks
Lattice MachXO3D secure control FPGA receives security certification from NIST »

Lattice Semiconductor …

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03/06/13
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  • 29

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NFLX

Netflix

$281.31

-2.93 (-1.03%)

, AAPL

Apple

$233.91

-1.35 (-0.57%)

13:00
10/16/19
10/16
13:00
10/16/19
13:00
On The Fly
Fly Intel: What to watch in Netflix earnings report »

Netflix (NFLX) is…

NFLX

Netflix

$281.31

-2.93 (-1.03%)

AAPL

Apple

$233.91

-1.35 (-0.57%)

DIS

Disney

$131.38

1.61 (1.24%)

AMC

AMC Entertainment

$9.28

0.12 (1.31%)

SNE

Sony

$58.66

0.15 (0.26%)

03/08/13
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03/06/13
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TSN

Tyson Foods

$82.13

-1.59 (-1.90%)

12:55
10/16/19
10/16
12:55
10/16/19
12:55
Options
Tyson Foods put volume heavy and directionally bearish »

Bearish flow noted in…

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03/06/13
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03/06/13
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