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SQ

Square

$61.83

0.29 (0.47%)

16:34
10/14/19
10/14
16:34
10/14/19
16:34

Square initiated with a Buy at UBS

As previously reported, UBS analyst Eric Wasserstrom initiated coverage of Square with a Buy rating and $81 price target. The analyst believes the company will benefit from "reaccelerating revenue growth and margin expansion in 2021" and sees "this reacceleration in revenue growth and margin to re-expand the shares' valuation multiples to levels closer to the mid- to low end of historical ranges from the current level." As such, Wasserstrom sees share weakness on negative 2020 revenue and EBITDA estimates as a "temporary headwind."

  • 27

    Oct

  • 29

    Oct

  • 06

    Nov

SQ Square
$61.83

0.29 (0.47%)

10/11/19
SUSQ
10/11/19
UPGRADE
Target $77
SUSQ
Positive
Square upgraded to Positive, investment returns on the horizon, says Susquehanna
As reported previously, Susquehanna analyst James Friedman upgraded Square to Positive from Neutral. The analyst insisted he is not make a call on the quarter but noted the stock's underperformance was due to valuation, decelerating margin expansion and decelerating GPV growth. He said he sees the company's return on margin reinvestment on the horizon and so raises his GPV and revenue estimates above consensus. Friedman has a $77 price target on Square shares.
10/11/19
10/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Workday (WDAY) upgraded to Buy from Neutral at Goldman Sachs with analyst Heather Bellini saying recent partner checks suggest accelerating momentum in the company's cloud based financial migrations. 2. Perrigo (PRGO) upgraded to Buy from Hold at Argus with analyst Jasper Hellweg stating that given his expectation that the company will begin to show initial results from its consumer-focused transition later in the year, shares appear attractively valued at 13.1-times his 2019 EPS estimates. 3. Square (SQ) upgraded to Positive from Neutral at Susquehanna with analyst James Friedman noting the stock's underperformance was due to valuation, decelerating margin expansion and decelerating GPV growth and saying he sees the company's return on margin reinvestment on the horizon. 4. Hexo (HEXO) upgraded to Hold from Underperform at Jefferies with analyst Owen Bennett stating the pressures facing the company are now better understood following its weaker than expected outlook. 5. USA Technologies (USAT) upgraded to Buy from Hold at Lake Street with analyst Jaeson Schmidt saying the company's filing of audited financials earlier this week, while containing a lot of moving parts, is a net positive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/19
10/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Square (SQ) initiated with a Reduce rating at Nomura Instinet. 2. Twilio (TWLO) initiated with an Outperform at RBC Capital. 3. Endava (DAVA) initiated with a Neutral at Cantor Fitzgerald. 4. Peloton (PTON) initiated with a Neutral rating at MKM Partners. 5. Grow Generation (GRWG) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/19
UBSW
10/14/19
INITIATION
Target $81
UBSW
Buy
Square initiated with a Buy at UBS
UBS analyst Eric Wasserstrom initiated coverage of Square with a Buy rating and $81 price target.

TODAY'S FREE FLY STORIES

OPRT

Oportun Financial

$18.72

0.54 (2.97%)

16:52
11/12/19
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Earnings
Oportun Financial sees FY19 EPS $2.16-$2.21, consensus $1.71 »

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  • 12

    Nov

MUR

Murphy Oil

$24.34

-0.09 (-0.37%)

16:52
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Murphy Oil rating change  »

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HES

Hess Corp.

$71.79

-1.05 (-1.44%)

16:51
11/12/19
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Initiation
Hess Corp. initiated  »

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TCON

Tracon Pharmaceuticals

$3.46

-0.48 (-12.18%)

16:51
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Syndicate
Breaking Syndicate news story on Tracon Pharmaceuticals »

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OPRT

Oportun Financial

$18.72

0.54 (2.97%)

16:50
11/12/19
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16:50
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Earnings
Oportun Financial sees Q4 EPS 61c-65c, consensus 62c »

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  • 12

    Nov

ESTA

Establishment Labs

$23.60

-0.39 (-1.63%)

16:50
11/12/19
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Syndicate
Breaking Syndicate news story on Establishment Labs »

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  • 12

    Nov

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    Nov

SE

Sea Limited

$36.78

5.81 (18.76%)

16:49
11/12/19
11/12
16:49
11/12/19
16:49
Syndicate
Breaking Syndicate news story on Sea Limited »

Sea Limited files to sell…

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  • 12

    Nov

GEVO

Gevo

$2.57

0.065 (2.59%)

16:49
11/12/19
11/12
16:49
11/12/19
16:49
Earnings
Gevo reports Q3 EPS (66c), one estimate (55c) »

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  • 12

    Nov

WMT

Walmart

$119.13

0.1 (0.08%)

16:48
11/12/19
11/12
16:48
11/12/19
16:48
Recommendations
Walmart analyst commentary  »

Baird senses 'upward…

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  • 13

    Nov

  • 14

    Nov

LJPC

La Jolla

$6.70

-0.07 (-1.03%)

16:48
11/12/19
11/12
16:48
11/12/19
16:48
Earnings
La Jolla reports Q3 EPS ($1.08), consensus ($1.08) »

Reports Q3 revenue $5.7M,…

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OPRT

Oportun Financial

$18.72

0.54 (2.97%)

16:48
11/12/19
11/12
16:48
11/12/19
16:48
Earnings
Oportun Financial reports Q3 EPS 64c, consensus 44c »

Reports Q3 revenue…

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  • 12

    Nov

FCPT

Four Corners Property Trust

$26.95

-0.16 (-0.59%)

16:48
11/12/19
11/12
16:48
11/12/19
16:48
Syndicate
Breaking Syndicate news story on Four Corners Property Trust »

Four Corners Property…

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BA

Boeing

$362.89

-4.08 (-1.11%)

16:47
11/12/19
11/12
16:47
11/12/19
16:47
Hot Stocks
Boeing names Conrad Chun VP of Communications for Boeing Commercial Airplanes »

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  • 14

    Nov

ADPT

Adaptive Biotechnologies

$28.35

0.01 (0.04%)

16:46
11/12/19
11/12
16:46
11/12/19
16:46
Earnings
Adaptive Biotechnologies reports Q3 EPS (11c), consensus (24c) »

Reports Q3 revenue…

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  • 12

    Nov

  • 07

    Dec

CALA

Calithera Biosciences

$3.15

0.01 (0.32%)

16:46
11/12/19
11/12
16:46
11/12/19
16:46
Earnings
Calithera Biosciences reports Q3 EPS (38c), consensus (45c) »

Cash, cash equivalents…

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  • 12

    Nov

HII

Huntington Ingalls

$253.94

2.975 (1.19%)

16:46
11/12/19
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16:46
Hot Stocks
Huntington Ingalls starts fabribation of legend-class cutter Calhoun »

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SDC

SmileDirectClub

$11.02

-0.83 (-7.00%)

16:45
11/12/19
11/12
16:45
11/12/19
16:45
Hot Stocks
SmileDirectClub reports Q3 unique aligner shipments of 106,070 »

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  • 12

    Nov

SDC

SmileDirectClub

$11.02

-0.83 (-7.00%)

16:44
11/12/19
11/12
16:44
11/12/19
16:44
Hot Stocks
Breaking Hot Stocks news story on SmileDirectClub »

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  • 12

    Nov

CDLX

Cardlytics

$39.85

0.17 (0.43%)

16:44
11/12/19
11/12
16:44
11/12/19
16:44
Earnings
Cardlytics raises FY19 revenue view to $196M-$200M from $180M-$190M 

Consensus $190.49M.

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  • 12

    Nov

  • 09

    Dec

RNG

RingCentral

$172.89

2.57 (1.51%)

, AVYA

Avaya

$12.53

0.08 (0.64%)

16:43
11/12/19
11/12
16:43
11/12/19
16:43
Hot Stocks
RingCentral issues 2.17M Class A shares to Avaya »

RingCentral, Inc. (RNG)…

RNG

RingCentral

$172.89

2.57 (1.51%)

AVYA

Avaya

$12.53

0.08 (0.64%)

03/08/13
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  • 12

    Nov

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    Nov

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    Nov

  • 09

    Dec

SSTI

ShotSpotter

$20.35

-0.01 (-0.05%)

16:43
11/12/19
11/12
16:43
11/12/19
16:43
Earnings
ShotSpotter guides initial FY20 revenue $48M-$50M, consensus $55.94M »

Management also expects…

03/08/13
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  • 12

    Nov

SDC

SmileDirectClub

$11.02

-0.83 (-7.00%)

16:43
11/12/19
11/12
16:43
11/12/19
16:43
Hot Stocks
SmileDirectClub targets long-term marketing, selling expenses 40%-45% of sales »

SmileDirectClub said in…

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  • 12

    Nov

SSTI

ShotSpotter

$20.35

-0.01 (-0.05%)

16:43
11/12/19
11/12
16:43
11/12/19
16:43
Earnings
ShotSpotter cuts FY19 revenue view to $40M-$40.5M from $42M-$44.5M 

Consensus $42.9M.

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03/08/13
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  • 12

    Nov

CDLX

Cardlytics

$39.85

0.17 (0.43%)

16:43
11/12/19
11/12
16:43
11/12/19
16:43
Earnings
Breaking Earnings news story on Cardlytics »

Cardlytics sees Q4…

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  • 12

    Nov

  • 09

    Dec

SSTI

ShotSpotter

$20.35

-0.01 (-0.05%)

16:42
11/12/19
11/12
16:42
11/12/19
16:42
Earnings
ShotSpotter reports Q3 EPS 4c, consensus 3c »

Reports Q3 revenue…

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  • 12

    Nov

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