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Fly News Breaks for April 22, 2019
Apr 22, 2019 | 10:11 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zoom Video (ZM) initiated with a Sell at Summit Insights. 2. Agenus (AGEN) initiated with a Buy at B. Riley FBR. 3. Aquestive Therapeutics (AQST) initiated with a Buy at H.C. Wainwright. 4. Akamai (AKAM) initiated with a Buy at Needham. 5. Six Flags (SIX) initiated with a Hold at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
News For ZM;AGEN;AQST;AKAM;SIX From the Last 2 Days
Jul 16, 2019 | 07:14 EDT
H.C. Wainwright analyst Raghuram Selvaraju raised his price target for Aquestive Therapeutics to $12 from $10 saying the company's financial burden is reduced following the completion of its $70M private placement. The refinancing "substantially reduces" Aquestive's quarterly interest payment burden and provides further financial flexibility during the period that may elapse before the company can achieve sustainable profitability, Selvaraju tells investors in a research note. He keeps a Buy rating on the shares.
Jul 15, 2019 | 10:45 EDT
Bullish option flow detected in Zoom Video Communications with 9,290 calls trading, 3x expected, and implied vol increasing over 3 points to 57.78%. Jul-19 100 calls and Aug-19 65 puts are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.46. Earnings are expected on September 5th.