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Stock Market & Financial Investment News

News Breaks
July 18, 2014
12:48 EDTZ, MOVE, LEDR, TRLA, RPRealPage tumbles after reporting preliminary Q2 revenue miss
Shares of RealPage, a provider of on demand software solutions for the rental housing industry, are tumbling after the company reported preliminary second quarter revenue which fell below analysts' consensus. WHAT'S NEW: RealPage yesterday reported preliminary Q2 non-GAAP revenue of $93.8M-$94.8M, which is below analysts' consensus of $107.19M. The company reported preliminary Q2 adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, of $11.5M-$12.5M. WHAT'S NOTABLE: The company cited its lower Q2 revenue being due to lower than expected revenue from products and services related to leasing activity. The company believes owners are spending less in marketing and advertising due to low vacancy and resident turnover rates. In addition, RealPage said revenue related to its renter's insurance solutions declined "significantly." The company said it intends to stay the course on its sales expansion investments and "complete the rollout of the richest product development backlog in our history." During its Q2 earnings conference call, the company said it will provide details on its action plan, and will address certain actions that are underway to restructure or eliminate cost that it expects will enable margin expansion over the long-term. ANALYST REACION: JMP Securities downgraded RealPage to Market Perform from Outperform following the company's Q2 results which the firm found "very disappointing." William Blair analyst Brandon Dobell downgraded shares of Realpage citing the preliminary Q2 revenue and EBITDA miss. Dobell lowered the company's 2014 EPS estimate to 38c from 67c and revenue estimate to $388M from $434.5M. This also moved the firm's FY15 EPS estimate to 57c from 79c and its FY15 revenue estimate to $416M from $500M. PRICE ACTION: During afternoon trading, shares of RealPage fell $4.69 or 21.9% to $16.72. OTHERS TO WATCH: Other firms providing solutions for the real estate industry include Market Leader (LEDR), Zillow (Z), Trulia (TRLA), and Move (MOVE).
News For RP;LEDR;Z;TRLA;MOVE From The Last 14 Days
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May 20, 2015
09:14 EDTRPJefferies software analysts hold an analyst/industry conference call
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May 13, 2015
08:07 EDTZZillow Group fundamentals remain strong, says Canaccord
Canaccord noted Zillow's Q1 results were in-line but the firm believes its underlying fundamentals remain strong, leaving them comfortable buying the stock. The firm feels 2016 should be a year of pricing power and the company should be able to extract more value from the real estate market over time. Canaccord reiterated its Buy rating and $115 price target on Zillow shares.
May 12, 2015
17:26 EDTZZillow Group sees Q2 revenue $168M-$169M, consensus $168.71M
17:22 EDTZZillow Group says headcount growth will be tempered in 2015
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17:07 EDTZZillow Group says Trulia integration is top priority for 2015
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16:50 EDTZZillow Group to resume trading at 5:00 pm ET
Quotes resume at 4:55 pm ET.
16:46 EDTZZillow Group reports Q1 EPS 5c, consensus (12c)
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16:41 EDTZZillow Group to delay filing Form 10-Q
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16:35 EDTZZillow Group backs FY15 pro forma revenue view $690M, consensus $669.84M
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15:00 EDTZNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include McKesson (MCK), consensus $2.75... Zillow (Z), consensus (12c)... GoDaddy (GDDY), consensus 35c... RSP Permian (RSPP), consensus 17c... Parsley Energy (PE), consensus 0c... Vivint Solar (VSLR), consensus (38c)... New Relic (NEWR), consensus (25c)... Hortonworks (HDP), consensus (86c)... SunOpta (STKL), consensus 7c... OPOWER (OPWR), consensus (16c)... JP Energy Partners (JPEP), consensus (4c)... TubeMogul (TUBE), consensus (18c)... Ducommun (DCO), consensus 30c.
14:19 EDTZZillow Group May 93 straddle priced for 8% movement into Q1
08:07 EDTZSunTrust to hold a conference
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08:05 EDTZZillow Group signs 105 new multiple listing services in the past six weeks
Zillow Group announced that Zillow and Trulia have signed 105 new agreements with multiple listing services in the past six weeks. In total, Zillow Group has signed 235 new agreements with MLSs since January 2015.
May 11, 2015
10:30 EDTZWellington reports 10.86% passive stake in Zillow Group
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09:59 EDTZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
07:41 EDTZZillow May volatility elevated at 72 into Q1 and outlook
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07:26 EDTZZillow Group upgraded to Buy from Neutral at SunTrust
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May 8, 2015
16:20 EDTRPRealPage receives CID related to Fair Credit Reporting Act
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13:09 EDTZCiti says 'sell in May, go away' on Twitter, LinkedIn, Zillow
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06:22 EDTZCitigroup sees internet stocks underperforming this summer
Citigroup analyst Mark May says that even with the recent share pullbacks, the broader internet index has still meaningfully outperformed broader indices year-to-date. The group is nearing peak valuations, which could lead to underperformance through the summer, May tells investors today in a research note. He recommends avoiding shares of Twitter (TWTR), LinkedIn (LNKD) and Zillow Group (Z), as the companies are going through business transitions. The analyst believes Amazon.com (AMZN), eBay (EBAY), Yelp (YELP), Netflix (NFLX), GrubHub (GRUB) and Facebook (FB) have company specific factors that should enable them to outperform the internet group over the near term.

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