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Hot Stocks
Shift4 Payments says merchant transaction volume continues to increase » 09:29
07/06/20
07/06
09:29
07/06/20
09:29
FOUR

Shift4 Payments

$36.01 /

+2.005 (+5.90%)

Shift4 Payments said in a…

Shift4 Payments said in a release, "Shift4 Payments has revealed that merchant transaction volume continues to increase across the country despite surging cases of the novel coronavirus. In the third of a series of updates since the pandemic began to impact the United States, the data suggests that businesses are finding ways to drive sales even in the face of difficult economic and social conditions. Shift4's transaction data indicate that 43 states are 10% or more above their transaction volumes from the last week in May, which were already significantly higher than the low point in late March. Among the states experiencing the most rapid growth during this period are those where the coronavirus impact was felt early on; New Jersey has increased 62% since May, Pennsylvania is up 70%, New York is up 67%, and California is up 38%. Texas and Oklahoma are the only two states experiencing transaction declines from the week beginning May 31 when compared with the week beginning June 28. When compared to the low point in March, the rebound is even more dramatic, with all 50 states seeing an increase in transaction volume. Even states that have seen a recent uptick in cases are still well above their "trough" levels in March, with transaction volumes in Texas up 168% since March, Florida up 155%, and Arizona up 128%."

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FOUR Shift4 Payments
$36.01 /

+2.005 (+5.90%)

07/01/20 Citi
Shift4 Payments initiated with a Neutral at Citi
06/30/20 Morgan Stanley
Shift4 Payments initiated with an Equal Weight at Morgan Stanley
06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
06/30/20 RBC Capital
Shift4 Payments initiated with an Outperform at RBC Capital
  • 05
    Jun
FOUR Shift4 Payments
$36.01 /

+2.005 (+5.90%)

FOUR Shift4 Payments
$36.01 /

+2.005 (+5.90%)

Hot Stocks
ADC Therapeutics announces FDA lifts partial hold on camidanlumab tesirine trial » 07:32
07/06/20
07/06
07:32
07/06/20
07:32
ADCT

ADC Therapeutics

$52.61 /

+3.36 (+6.82%)

ADC Therapeutics…

ADC Therapeutics announced that the FDA has lifted the partial clinical hold on the pivotal Phase 2 clinical trial of camidanlumab tesirine in patients with relapsed or refractory Hodgkin lymphoma, or HL. The 100-patient Phase 2, multi-center, open-label, single-arm clinical trial is evaluating the safety and efficacy of Cami in patients with relapsed or refractory HL. Patients with pathologically confirmed relapsed or refractory HL who have failed three prior lines of therapy, including brentuximab vedotin and a checkpoint inhibitor approved for HL such as nivolumab or pembrolizumab, are eligible for enrollment in the clinical trial. The trial is intended to support the submission of a biologics license application to the FDA.

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ADCT ADC Therapeutics
$52.61 /

+3.36 (+6.82%)

ADCT ADC Therapeutics
$52.61 /

+3.36 (+6.82%)

06/09/20 Morgan Stanley
ADC Therapeutics initiated with an Overweight at Morgan Stanley
06/09/20 Cowen
ADC Therapeutics initiated with an Outperform at Cowen
06/09/20 BofA
ADC Therapeutics initiated with a Buy at BofA
06/09/20 BofA
ADC Therapeutics initiated with a Buy at BofA
  • 15
    May
  • 03
    Oct
Wednesday
Initiation
SVB Leerink bullish on Benefytt Technologies, initiates with an Outperform » 09:32
07/01/20
07/01
09:32
07/01/20
09:32
BFYT

Benefytt Technologies

$20.49 /

+0.86 (+4.38%)

, EHTH

eHealth

$98.10 /

+2.9 (+3.05%)

, SLQT

SelectQuote

$25.33 /

-0.11 (-0.43%)

As previously reported,…

As previously reported, SVB Leerink analyst Stephan Tanal initiated coverage of Benefytt Technologies (BFYT) with an Outperform rating and $27.50 price target. The analyst believes the company's business mix is poised for a significant shift toward Medicare, more closely aligning it with its publicly traded peers - eHealth (EHTH) and SelectQuote (SLQT) - which trade at EV/Sales multiples that are 155% and 309% higher than Benefytt's, respectively. The March 2020 launch of digital enrollment on Benefytt's recently acquired site - HealthInsurance.com - should aid this shift, and the Q4 Medicare AEP could prove to be a positive catalyst if the company can deliver against its full year guidance, as expectations appear low, he adds.

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EHTH eHealth
$98.10 /

+2.9 (+3.05%)

BFYT Benefytt Technologies
$20.49 /

+0.86 (+4.38%)

BFYT Benefytt Technologies
$20.49 /

+0.86 (+4.38%)

07/01/20 SVB Leerink
Benefytt Technologies initiated with an Outperform at SVB Leerink
06/30/20 Northland
Benefytt trades at 'large discount' to other MA players, says Northland
03/24/20 Lake Street
Benefytt well positioned in current environment, says Lake Street
EHTH eHealth
$98.10 /

+2.9 (+3.05%)

07/01/20 SVB Leerink
eHealth initiated with a Market Perform at SVB Leerink
06/15/20 Evercore ISI
eHealth assumed with an Outperform at Evercore ISI
06/15/20 Jefferies
SelectQuote initiated with a Hold at Jefferies
05/14/20 Raymond James
Raymond James says eHealth accounting more conservative than some peers
SLQT SelectQuote
$25.33 /

-0.11 (-0.43%)

06/15/20 Morgan Stanley
SelectQuote initiated with an Equal Weight at Morgan Stanley
06/15/20 Barclays
SelectQuote initiated with an Overweight at Barclays
EHTH eHealth
$98.10 /

+2.9 (+3.05%)

BFYT Benefytt Technologies
$20.49 /

+0.86 (+4.38%)

  • 21
    May
  • 04
    Mar
EHTH eHealth
$98.10 /

+2.9 (+3.05%)

BFYT Benefytt Technologies
$20.49 /

+0.86 (+4.38%)

SLQT SelectQuote
$25.33 /

-0.11 (-0.43%)

EHTH eHealth
$98.10 /

+2.9 (+3.05%)

SLQT SelectQuote
$25.33 /

-0.11 (-0.43%)

EHTH eHealth
$98.10 /

+2.9 (+3.05%)

BFYT Benefytt Technologies
$20.49 /

+0.86 (+4.38%)

Initiation
Shift4 Payments initiated with a Neutral at Citi » 06:34
07/01/20
07/01
06:34
07/01/20
06:34
FOUR

Shift4 Payments

$35.46 /

-0.575 (-1.60%)

Citi analyst Ashwin…

Citi analyst Ashwin Shirvaikar initiated coverage of Shift4 Payments with a Neutral rating and $40 price target. The analyst has a positive view of the company due its technology-led leadership position in two "large, attractive" end markets and tenured management. However, the stock has appreciated 56% from its $23 initial public offering price, Shirvaikar tells investors in a research note.

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FOUR Shift4 Payments
$35.46 /

-0.575 (-1.60%)

06/30/20 Morgan Stanley
Shift4 Payments initiated with an Equal Weight at Morgan Stanley
06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
06/30/20 RBC Capital
Shift4 Payments initiated with an Outperform at RBC Capital
06/30/20 Credit Suisse
Shift4 Payments initiated with an Outperform at Credit Suisse
  • 05
    Jun
FOUR Shift4 Payments
$35.46 /

-0.575 (-1.60%)

FOUR Shift4 Payments
$35.46 /

-0.575 (-1.60%)

Over a week ago
Recommendations
Benefytt trades at 'large discount' to other MA players, says Northland » 09:01
06/30/20
06/30
09:01
06/30/20
09:01
BFYT

Benefytt Technologies

$19.63 /

+0.91 (+4.86%)

, GHTH

GoHealth

$0.00 /

+ (+0.00%)

, SLQT

SelectQuote

$25.44 /

-0.13 (-0.51%)

After looking at…

After looking at GoHealth's (GHTH) initial public offering filings and SelectQuote (SLQT), which went public on May 20, Northland analyst says Benefytt Technologies' (BYFT) multiple trades at a "large discount" despite selling the same Medicare Advantage policies. The analyst, who admits Benefytt is "much smaller and the differences in scale are significant," keeps an Outperform rating on the shares.

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BFYT Benefytt Technologies
$19.63 /

+0.91 (+4.86%)

BFYT Benefytt Technologies
$19.63 /

+0.91 (+4.86%)

03/24/20 Lake Street
Benefytt well positioned in current environment, says Lake Street
GHTH GoHealth
$0.00 /

+ (+0.00%)

SLQT SelectQuote
$25.44 /

-0.13 (-0.51%)

06/15/20 Morgan Stanley
SelectQuote initiated with an Equal Weight at Morgan Stanley
06/15/20 Barclays
SelectQuote initiated with an Overweight at Barclays
06/15/20 Jefferies
SelectQuote initiated with a Hold at Jefferies
06/15/20 Citi
SelectQuote initiated with a Buy at Citi
BFYT Benefytt Technologies
$19.63 /

+0.91 (+4.86%)

  • 21
    May
BFYT Benefytt Technologies
$19.63 /

+0.91 (+4.86%)

SLQT SelectQuote
$25.44 /

-0.13 (-0.51%)

SLQT SelectQuote
$25.44 /

-0.13 (-0.51%)

BFYT Benefytt Technologies
$19.63 /

+0.91 (+4.86%)

Initiation
Shift4 Payments initiated with an Equal Weight at Morgan Stanley » 08:38
06/30/20
06/30
08:38
06/30/20
08:38
FOUR

Shift4 Payments

$36.04 /

-1.11 (-2.99%)

Morgan Stanley analyst…

Morgan Stanley analyst James Faucette initiated coverage of Shift4 Payments with an Equal Weight rating and $37 price target. Shift4 is well positioned to grow its position in the merchant acquiring space as an incumbent gateway provider in the hospitality vertical, said Faucette, who estimates that the company has about $40B of gateway volume that could be feasibly converted to its higher revenue, more profitable end-to-end payments offering. However, near-term estimates are weighed down by COVID-19 and he prefers other names in Payments, the analyst added.

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FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
06/30/20 RBC Capital
Shift4 Payments initiated with an Outperform at RBC Capital
06/30/20 Credit Suisse
Shift4 Payments initiated with an Outperform at Credit Suisse
06/30/20 Evercore ISI
Shift4 Payments initiated with an Outperform at Evercore ISI
  • 05
    Jun
FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

Initiation
Shift4 Payments initiated with a Buy at SunTrust » 08:08
06/30/20
06/30
08:08
06/30/20
08:08
FOUR

Shift4 Payments

$36.04 /

-1.11 (-2.99%)

SunTrust analyst Andrew…

SunTrust analyst Andrew Jeffrey initiated coverage of Shift4 Payments with a Buy rating and $46 price target. The company is a "differentiated" hospitality-vertical Merchant Processor that is "benefiting from leading integrated tech, an advantaged competitive position and scale", the analyst tells investors in a research note. Jeffrey is also positive on Shift4's multi-year revenue and EBITDA growth rates, anticipating the "depressed" 2020 revenue decline to start recovering in the second half of the year and accelerate in FY21.

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FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

06/30/20 RBC Capital
Shift4 Payments initiated with an Outperform at RBC Capital
06/30/20 Credit Suisse
Shift4 Payments initiated with an Outperform at Credit Suisse
06/30/20 Evercore ISI
Shift4 Payments initiated with an Outperform at Evercore ISI
06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
  • 05
    Jun
FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

Initiation
Shift4 Payments initiated with an Outperform at RBC Capital » 06:40
06/30/20
06/30
06:40
06/30/20
06:40
FOUR

Shift4 Payments

$36.04 /

-1.11 (-2.99%)

RBC Capital analyst…

RBC Capital analyst Daniel Perlin initiated coverage of Shift4 Payments with an Outperform rating and $47 price target. The analyst is positive on the company's "unique" attributes than include an "embedded feeder-pool to convert gateway clients to higher value E2E processing clients" along with a "partner-centric" distribution model that can reduce customer acquisition costs. Perlin further cites Shift4's track record of innovation in the hospitality industry, stating that the company is tapped into the "long-tailed" $10T secular growth of the U.S payments market.

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FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

06/30/20 Credit Suisse
Shift4 Payments initiated with an Outperform at Credit Suisse
06/30/20 Evercore ISI
Shift4 Payments initiated with an Outperform at Evercore ISI
06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
06/30/20 Goldman Sachs
Shift4 Payments initiated with a Buy at Goldman Sachs
  • 05
    Jun
FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

Initiation
Shift4 Payments initiated with an Outperform at Credit Suisse » 06:32
06/30/20
06/30
06:32
06/30/20
06:32
FOUR

Shift4 Payments

$36.04 /

-1.11 (-2.99%)

Credit Suisse analyst…

Credit Suisse analyst Timothy Chiodo initiated coverage of Shift4 Payments with an Outperform rating and $42 price target. While Shift4 Payments' end-markets have been impacted by COVID-19, Chiodo says the combination of a gradual recovery and idiosyncratic drivers suggests the potential for upside. The analyst sees M&A potential as early as 2H21, with management having a track record of accretive acquisitions.

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FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

06/30/20 Evercore ISI
Shift4 Payments initiated with an Outperform at Evercore ISI
06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
06/30/20 Goldman Sachs
Shift4 Payments initiated with a Buy at Goldman Sachs
06/29/20 Wolfe Research
Shift4 Payments initiated with an Outperform at Wolfe Research
  • 05
    Jun
FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

Initiation
Shift4 Payments initiated with an Outperform at Evercore ISI » 06:17
06/30/20
06/30
06:17
06/30/20
06:17
FOUR

Shift4 Payments

$36.04 /

-1.11 (-2.99%)

Evercore ISI analyst…

Evercore ISI analyst David Togut initiated coverage of Shift4 Payments with an Outperform rating and $48 price target.

ShowHide Related Items >><<
FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

06/30/20 SunTrust
Shift4 Payments initiated with a Buy at SunTrust
06/30/20 Goldman Sachs
Shift4 Payments initiated with a Buy at Goldman Sachs
06/29/20 Wolfe Research
Shift4 Payments initiated with an Outperform at Wolfe Research
06/29/20 Raymond James
Shift4 Payments risk/reward balanced following IPO, says Raymond James
  • 05
    Jun
FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

FOUR Shift4 Payments
$36.04 /

-1.11 (-2.99%)

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