Meituan에 대한 매도 수량은 투자자에게 Meituan의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Meituan (OTC:MPNGY) 주식, 공매도 수량 보고

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the year ended 2023, the firm generated 58% of revenue from on-demand services, 17% from hotel booking, coupon sales, advertising, and 25% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

News

Tech

Media

BABA

MPNGF

MPNGY

NVDA

중국의 주요 기술 기업인 알리바바(NYSE:BABA), 바이트댄스, 메이퇀(OTC:MPNGY)(OTC:MPNGF) 등이 실리콘밸리에서 인공지능(AI) 팀을 확장하고 있는 것으로 알려졌다.

알리바바, 바이트댄스, 메이퇀 등 중국의 기술 대기업들, 실리콘밸리에서 AI  팀 확장 중인 이유는?

Meituan

Needham analyst Gil Blum reiterates Rocket Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKT#NASDAQ">RCKT</a>) with a Buy and maintains $52 price target.

Price Target

Reiteration

Analyst Ratings

RCKT

Needham Reiterates Buy on Rocket Pharmaceuticals, Maintains $52 Price Target

Needham analyst Mayank Tandon reiterates CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) with a Buy and maintains $100 price target.

CSGP

Needham Reiterates Buy on CoStar Gr, Maintains $100 Price Target

Phillip Securities analyst Helena Wang downgrades Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) from Neutral to Reduce and raises the price target from $80 to $100.

Downgrades

Phillip Securities Downgrades Sea to Reduce, Raises Price Target to $100

Piper Sandler analyst John Barnidge initiates coverage on Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Overweight rating and announces Price Target of $188.

Initiation

Piper Sandler Initiates Coverage On Apollo Global Management with Overweight Rating, Announces Price Target of $188

Piper Sandler analyst Michael Lavery downgrades Kraft Heinz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) from Overweight to Neutral and lowers the price target from $40 to $35.

Piper Sandler Downgrades Kraft Heinz to Neutral, Lowers Price Target to $35

Morgan Stanley analyst Tim Hsiao initiates coverage on WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) with a Overweight rating and announces Price Target of $23.

Morgan Stanley Initiates Coverage On WeRide with Overweight Rating, Announces Price Target of $23

CNBC&#8217;s Jim Cramer said on Monday that he believes reports of President-elect Donald Trump <a href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms">possibly relaxing autonomous driving regulations</a> is a &#8220;bad reason&#8221; for owning Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock. However, the Mad Money host is all for buying the EV giant&#8217;s stock.
What Happened: Bloomberg on Sunday reported that the Trump transition team wants to make a federal framework for self-driving cars, making it easier to deploy self-driving vehicles in the country. However, Cramer thinks that it is &#8220;too good to be true&#8221; and a &#8220;bad reason&#8221; for buying Tesla stock.
"While I don't buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla," <a href="https://www.cnbc.com/2024/11/18/jim-cramer-says-nothing-truly-dulls-the-case-for-owning-tesla-stock.html">he said.</a> "The Musk premium will work its magic in other ways, perhaps favorable municipalities and Tesla rentals next to federal highways."
The Trump transition team&#8217;s plans for robotaxis are &#8220;just plain fanciful,&#8221; Cramer said while noting that several state and local governments would have to agree to the new rules.
"No matter what, though, always remember that Tesla's a tech company," Cramer added. "The others are automakers, and a tech company can get an insanely high price-to-earnings multiple with no one blinking so much as an eye about it."
Why It Matters: Tesla is looking to deploy a fleet of autonomous vehicles starting next year in Texas and California. However, the company has yet to receive regulatory approvals for the same or achieve vehicle autonomy with its full self-driving (FSD) driver assistance technology. 
Musk, however, has previously expressed optimism that the technology will enable autonomous driving with future software updates. However, the billionaire CEO is known for <a href="https://www.benzinga.com/news/23/07/33477770/elon-musk-has-been-running-on-elon-time-since-he-was-a-kid-i-think-i-do-have-an-issue-with-time-but">providing over-ambitious timelines</a> that the company cannot deliver.
Musk has previously said that Tesla's robotaxi fleet will function like a <a href="https://www.benzinga.com/news/24/04/38396288/teslas-robotaxi-to-be-called-cybercab-elon-musk-says-self-driving-fleet-will-be-like-combination-of" target="_blank" rel="noreferrer noopener">combination of Airbnb and Uber</a>. While a certain portion of the fleet will be owned by Tesla, individual customers can also add or subtract their vehicles to the robotaxi fleet at will. As for riders, they can summon a car using the Tesla App, Musk said, putting Tesla as a <a href="https://www.benzinga.com/news/24/10/41265000/uber-announces-measures-to-ramp-up-electrification-of-its-fleet-ahead-of-teslas-robotaxi-unveil" target="_blank" rel="noreferrer noopener">competitor to Uber.</a>
Price Action: Tesla stock closed 5.6% higher on Monday at $338.74, but it was down 1.2% in premarket trading on Tuesday. Year-to-date, Tesla stock is up 36.4%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42033401/porsche-recalls-nearly-16k-taycan-evs-in-china-citing-fire-risk" target="_blank" rel="noreferrer noopener">Porsche Recalls Nearly 16K Taycan EVs In China Citing Fire Risk</a></li>
</ul>
Photo courtesy: Tesla

Analyst Color

Equities

Markets

TSLA

Jim Cramer Thinks Trump's Plans For Robotaxis Are 'Fanciful,' But He Is Still Bullish On Tesla Stock: 'The Musk Premium Will Work Its Magic In Other Ways'

Stock Split

PRFX

PainReform Announced Monday A 1:4 Reverse Share Split Of The Company's Ordinary Shares To Take Effect After Market Close On Wednesday, November 20, 2024

Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.33 by 6.06 percent. This is a 23.91 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $2.95 billion which beat the analyst consensus estimate of $2.91 billion by 1.25 percent. This is a 5.57 percent decrease over sales of $3.12 billion the same period last year.

Earnings

Earnings Beats

VIPS

Vipshop Holdings Q3 Adj EPADS $0.35 Beats $0.33 Estimate, Sales $2.95B Beat $2.91B Estimate

Macro Economic Events

Econ #s

Economics

Eurozone Consumer Price Index (MoM) For October 0.3% Vs. 0.3% Est.; -0.1% Prior

Eurozone Consumer Price Index (YoY) For October 2.0% Vs. 2.0% Est.; 2.0% Prior

Eurozone Core Consumer Price Index (YoY) For October 2.7% Vs. 2.7% Est.; 2.7% Prior

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) faces heightened scrutiny <a href="https://www.benzinga.com/general/market-summary/24/11/42055795/nvidia-shares-to-climb-over-140-levels-says-technical-analyst-ahead-of-q3-results-will-have-to-beat-street-expectations-for-the-trend-to-continue">ahead of its earnings</a> as technical challenges with its latest artificial intelligence chips and broader market pressures raise concerns, according to Mizuho analyst Jordan Klein.
What Happened: Klein, a longtime Nvidia bull, warned investors that the semiconductor giant&#8217;s shares are &#8220;modestly at risk&#8221; following reports of overheating issues in its new Blackwell systems, <a href="https://www.investing.com/news/stock-market-news/biggest-nvidia-bull-on-wall-street-warns-shares-are-modestly-at-risk-3728239?ref=biztoc.com">reported</a> Investing.com. 
The timing is particularly sensitive given Nvidia&#8217;s recent ascent to become the world&#8217;s most valuable company, with a market capitalization of $3.482 trillion.
&#8220;There is just so much quant, passive, and fast momentum money swirling around in markets these days and I assume that style sells first, asks questions later,&#8221; Klein noted in his investor communication, highlighting the volatile nature of current market dynamics.
See Also: <a href="https://www.benzinga.com/24/11/42054405/amazon-and-spacexs-efforts-to-block-nlrb-cases-in-jeopardy-as-appeals-court-raises-key-legal-concerns">Amazon And SpaceX&#8217;s Efforts To Block NLRB Cases In Jeopardy As Appeals Court Raises Key Legal Concerns</a>
Why It Matters: The Blackwell chips, unveiled in March and promising 30 times faster performance than previous generations, have <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">reportedly encountered thermal issues</a> when installed in high-density server racks.
Major customers potentially affected include Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google.
Nvidia has responded to the situation, with a spokesperson telling Reuters that &#8220;engineering iterations are normal and expected&#8221; while working with cloud service providers.
Despite these immediate challenges, Klein maintains his long-term optimistic outlook for Nvidia but cautions about near-term volatility, particularly from retail and momentum-driven investors who &#8220;purely react to headlines and initial stock moves.&#8221;
However, CNBC&#8217;s Jim Cramer offered a contrasting view, suggesting the market&#8217;s reaction might be overdone. &#8220;Be skeptical about the negatives with Nvidia,&#8221; Cramer posted on X. He later <a href="https://www.cnbc.com/2024/11/18/cramer-weighs-nvidia-after-blackwell-ai-chip-overheating-report.html">expanded</a> on CNBC, saying, &#8220;I&#8217;m more inclined to think you&#8217;re getting a buying opportunity in Nvidia thanks to The Information publishing a story that may simply not be that.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Be skeptical about the negatives with Nvidia&#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1858515094663012549?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/11/42052735/boeing-to-lay-off-over-2500-workers-in-the-us-amid-global-workforce-reduction">Boeing To Lay Off Over 2,500 Workers In The US Amid Global Workforce Reduction</a></li>
</ul>
Image Via Unsplash
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

AMAT

GOOGL

MSFT

Nvidia 'Modestly At Risk' Amid AI Chip Concerns, Analyst Notes: Momentum Money Swirling Around 'Sells First, Asks Questions Later'

Stephens &amp; Co. analyst Jim Salera reiterates Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Equal-Weight and maintains $19 price target.

Stephens & Co. Reiterates Equal-Weight on Wendy's, Maintains $19 Price Target

Keybanc analyst Ken Newman maintains Symbotic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) with a Overweight and raises the price target from $40 to $48.

Keybanc Maintains Overweight on Symbotic, Raises Price Target to $48

Google&#8216;s parent company Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) experienced a decline in its stock value during pre-market trading on Tuesday. As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, GOOGL shares fell by 1.02%, while GOOG shares decreased by 1.01%. This downturn follows reports that the U.S. Department of Justice is <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">preparing to request a court order</a> requiring Google to divest its Chrome browser.
What Happened: The DOJ&#8217;s action stems from an August ruling that found Google guilty of illegally monopolizing the search market. Additionally, the department is expected to propose measures concerning Google&#8217;s AI and Android operating system.
Google&#8217;s Chrome browser, which commands approximately two-thirds of the global browser market, plays a vital role in controlling internet traffic and ad visibility, making it a significant revenue source for Google.
Google plans to appeal following a final ruling by U.S. District Judge Amit Mehta, expected by August 2025.
See Also: <a href="https://www.benzinga.com/news/retail-sales/24/11/42024288/consumer-tech-news-november-11-15-apple-plans-to-launch-an-ai-wall-tablet-meta-plans-to-introduce-ads-on-threads-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Consumer Tech News (November 11-15): Apple Plans To Launch An AI Wall Tablet, Meta Plans To Introduce Ads&nbsp;On Threads &amp; More</a>
Why It Matters: As Alphabet approaches the Department of Justice&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42036010/alphabet-on-trial-doj-remedies-loom-but-analyst-sees-20-upside-as-discount-to-meta-narrows">final proposed remedies</a> on Nov. 20, the stakes are high. JPMorgan analyst Doug Anmuth anticipates potential headline risk but also sees this as an opportunity for clarity, paving the way for Google&#8217;s response and future appeal strategies. Despite the looming legal challenges, Anmuth maintains an Overweight rating on GOOGL stock, with a price target of $212, 20% above current levels.
Meanwhile, Verily, Alphabet&#8217;s <a href="https://www.benzinga.com/news/global/24/11/42053801/alphabets-life-sciences-firm-verily-to-become-a-standalone-entity-disconnect-from-google">life sciences subsidiary, </a>is preparing to become a standalone entity by December. This separation from Google, including cutting ties with its cloud infrastructure and employee benefits, is seen as a crucial step towards Verily&#8217;s goal of operating independently, though it will remain part of Alphabet.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/11/42022443/ibm-disney-and-other-large-advertisers-return-to-elon-musks-x-after-a-year-long-boycott-we-super-appreciate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">IBM, Disney And Other Large Advertisers Return To Elon Musk&#8217;s X After A Year-Long Boycott: &#8216;We Super Appreciate&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Unsplash

Pre-Market Outlook

General

GOOG

Google's Parent Alphabet Shares Dip During Tuesday Pre-Market: What's Going On?

Citadel LLC&nbsp;CEO&nbsp;Ken Griffin, on Monday, while speaking at Oxford Union in the UK said that President-elect Donald Trump&#8216;s economic policies including tariffs are a &#8220;long, slippery slope,&#8221; that will hurt U.S. companies in the long run to compete globally.
What Happened: Griffin, a significant Republican donor, expressed confidence in Trump&#8217;s victory, saying that the U.S. economy is going back to "the business of business" after calling the former president&#8217;s economic policies as &#8220;regretfully&#8221; last year, <a href="https://www.bloomberg.com/news/articles/2024-11-18/ken-griffin-says-he-s-very-anxious-about-trump-s-tariff-policy">reported</a> Bloomberg. 
Since founding Citadel in 1990, Griffin has grown the company into a $65 billion giant and accumulated a personal fortune that, according to the Bloomberg Billionaires Index, is currently <a href="https://www.bloomberg.com/billionaires/profiles/kenneth-c-griffin/">valued</a> at $42.2 billion.
The 56-year-old hedge fund billionaire said he believes countries continue to spend more than they can afford and that he expects Trump&#8217;s administration would reduce the size of government in a broad conversation that covered a variety of subjects, including politics, investing, and immigration.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/11/42055795/nvidia-shares-to-climb-over-140-levels-says-technical-analyst-ahead-of-q3-results-will-have-to-beat-street-expectations-for-the-trend-to-continue">Nvidia Shares To Climb Over $140+ Levels, Says Technical Analyst Ahead Of Q3 Results</a>
<a href="https://pro.benzinga.com/dashboard">Benzinga</a> has reached out to Citadel for additional comments in this regard.
Why It Matters: Recently, tech investor and&nbsp;Palantir Technologies'&nbsp;co-founder&nbsp;Peter Thiel&nbsp;has made a daring prediction about the potential impact of Trump's&nbsp;<a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">60% tariff on Chinese goods</a>.
Thiel said that shifting manufacturing from China to Vietnam would significantly harm China, and have only a minor impact on American consumers. From a geopolitical perspective, he argued, this move would align closely with American strategic interests.
Goldman Sachs estimates that a <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42042411/inflation-could-surge-to-3-if-trump-applies-universal-tariffs-goldman-sachs">potential universal tariff</a> would raise core personal consumption expenditures inflation — the Fed's favorite inflation gauge — by 0.9-1.2 percentage points at its peak, pushing inflation back to 3%.
Moreover, a recent study by the National Retail Federation warns that Trump's&nbsp;proposed tariffs could significantly impact American consumers, potentially reducing annual <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">spending by $78 billion</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42052848/cathie-woods-ark-sells-10m-of-tesla-stock-as-trumps-av-plans-boost-stock">Cathie Wood&#8217;s Ark Sells $10M Of Tesla Stock As Trump&#8217;s AV Plans Boost Stock</a></li>
</ul>
Image via Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOP Megadonor Ken Griffin Warns Of 'Slippery Slope' In Trump's Tariff Plans, Sees US Returning To 'The Business Of Business'

BTIG analyst Julian Harrison upgrades Aclaris Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) from Neutral to Buy and announces $8 price target.

Upgrades

ACRS

BTIG Upgrades Aclaris Therapeutics to Buy, Announces $8 Price Target

Bernstein analyst Alex Irving downgrades Sabre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SABR#NASDAQ">SABR</a>) from Market Perform to Underperform and announces $3 price target.

SABR

Bernstein Downgrades Sabre to Underperform, Announces $3 Price Target

Needham analyst Gil Blum reiterates Fate Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) with a Hold.

FATE

Needham Reiterates Hold on Fate Therapeutics

Pinterest (PINS) delivered robust second-quarter results supported by strong revenue growth and continuous innovations. While its long-term outlook appears positive with increasing worldwide internet usage, it faces slow quarterly active user growth compared to the prior quarters. So, let's determine whether Pinterest is a buy amid social media landscape shifts. Read more to find out... Pinterest, Inc. (<a href="https://stocknews.com/stock/PINS/">PINS</a>), an international visual search and discovery platform provider, performed well in the second quarter and reported robust financial results. The company reported a record quarterly revenue of $ 853.68 million, indicating an increase of 20.6% from the prior-year quarter. However, its global quarterly active users graphs appears to be moving slow.
Pinterest has emerged as a go-to destination for inspiration. People from all generations worldwide engage on the platform to explore their interests and share their inspiration with others. Further, its drive for innovation like introducing new ways to share Pinterest boards, keeps the users interested.
PINS recently introduced new AI tools for creativity and performance. Pinterest Ad Labs is an innovation program where select brands can test prototypes of new creative and ad tools leveraging generative AI features. With this, Pinterest aims to encourage experimentation and to learn from advertiser feedback. It offers personalized background generation and collages for advertisers.
Further, with the increasing worldwide internet usage penetration among the general population, the internet industry is growing. There were <a href="https://www.statista.com/statistics/617136/digital-population-worldwide/">5.45 billion internet users worldwide as of July 2024</a>, amounting to 67.1% of the global population. Further, of this overall total, 5.17 billion, or 63.7% of people, were social media users of the world's population.
During the quarter, PINS partnered with Integral Ad Science (<a href="https://stocknews.com/stock/IAS/">IAS</a>), a leading global media measurement and optimization platform, to provide global advertisers higher transparency into campaigns across PINS' in-app feed through IAS' AI-driven Total Media Quality (TMQ) Brand Safety and Suitability product.
Bill Ready, CEO of Pinterest said, "We had another impressive quarter, reporting a 21% increase in revenue and 12% growth in monthly active users globally. Our monetization efforts are paying off. Advertisers are seeing improved performance across key objectives on Pinterest – from brand awareness to conversion – as we continue to roll out AI-powered products and experiences."
He added "As a result, we're gaining share of advertising budgets with some of the world's largest brands. I'm proud of our pace of innovation as we execute against the opportunity ahead."
According to the company's guidance for the third quarter of 2024, PINS expects its revenue to be in the range of $885 million to $900 million, reflecting 16% - 18% growth year-over-year.
Shares of PINS have surged 15% over the past year to close its last trading session at $31.65. However, the stock has plunged 23.5% over the past month.
Let's look at factors that could influence PINS' performance in the upcoming months.
Positive Recent Developments
On June 13, PINS and Integral Ad Science (<a href="https://stocknews.com/stock/IAS/">IAS</a>), a leading global media measurement and optimization platform, entered a partnership to provide global advertisers with greater transparency into campaigns across PINS' in-app feed through IAS' AI-driven Total Media Quality (TMQ) Brand Safety and Suitability product.
The new launch includes features like trusted campaign insights, frame-by-frame analysis, campaign-level measurement, and global coverage. The new TMQ for PINS provides advertisers safeguards across a total of 39 countries in 40 languages. The partnership will expand PINS operations and offer brand safety and greater confidence to confidence via best-in-class technology.
Robust Financials
For the second quarter that ended June 30, 2024, PINS' revenue increased 20.6% year-over-year to $853.68 million, of which its revenue from the US and Canada rose 19.1% year-over-year to $673 million. The company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> grew 68.1% from the year-ago value to $179.91 million.
Furthermore, the company's non-GAAP net income came in at $207.16 million and $0.29 per share, indicating increases of 45.8% and 38.1% from the prior year's quarter, respectively. The company's total assets totaled $3.75 billion as of June 30, 2024, compared to $3.59 billion as of December 31, 2023.
Solid Historical Growth
PINS' revenue has grown at a CAGR of 14.1% over the past three years. The company's net income has increased at a CAGR of 6% over the same timeframe, while its normalized net income has improved at a CAGR of 12%.
Also, the company's tangible book value and total assets have increased at CAGRs of 7.4% and 9.1% over the past three years, respectively. And its levered free cash flow grew 32.2% over the same timeframe.
Favorable Analyst Estimates
Analysts expect PINS' revenue for the third quarter (ending September 2024) to increase 17.4% year-over-year to $895.90 million. The consensus EPS estimate of $0.34 for the same quarter indicates a 22.1% year-over-year improvement. Moreover, PINS has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's revenue and EPS are expected to grow 19% and 33.9% year-over-year to $3.63 billion and $1.48, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2025 to increase 16.5% and 21.8% year-over-year to $4.24 billion and $1.78, respectively.
High Profitability
PINS' trailing-12-month gross profit margin of 78.58% is 54.2% higher than the industry average of 50.97%. Its trailing-12-month net income margin of 5.75% is 69.6% higher than the industry average of 3.39%. Similarly, its trailing-12-month levered FCF margin of 23.34% is considerably higher than the industry average of 8.42%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 6.52%, 4.88%, and 5.12% favorably compared to the industry averages of 3.81%, 3.76%, and 1.33%, respectively.
Elevated Valuation
In terms of forward Price/Sales, PINS is trading at 6x, 378.2% higher than the industry average of 1.25x. Likewise, the stock's forward Price/Book multiple of 6 is 201% higher than the industry average of 1.99. Also, its forward Price/Cash Flow of 22.67x is 189.3% higher than the industry average of 7.84x.
Also, PINS forward non-GAAP P/E of 21.78x is considerably higher than the 13.28x industry average. And its EV/EBITDA of 20.21x is 154.4% higher than the industry average of 7.94x.
POWR Ratings Reflect Uncertainty
PINS' mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. PINS has a B grade for Quality, consistent with its higher-than-industry profitability.
However, it has a C for Momentum justified by the stock trading below its 50-day and 200-day moving averages of $38.77 and $36.85, respectively.
PINS is ranked #26 in the 51-stock B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what I have stated above, we have also given PINS grades for Value, Sentiment, Growth, and Stability. Get access to all the PINS Ratings <a href="https://stocknews.com/stock/PINS/">here</a>.
Bottom Line
PINS reported solid earnings for the second quarter of fiscal 2024. The company's strong industry footing, strategic initiatives, innovative solutions, and solid financial performance position it for bright long-term prospects. However, the company grapples with flat to slow quarterly monthly active user growth.
Given PINS' elevated valuation, waiting for a better entry point in this stock seems prudent.
Stocks to Consider Instead of Pinterest, Inc. (PINS)
Given its near-term uncertain prospects, the odds of PINS outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry instead:
Meituan ADR (<a href="Meituan%20ADR">MPNGY</a>), Dingdong (Cayman) Ltd (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>).
For exploring more A and B-rated internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
&nbsp;

<hr />
PINS shares were trading at $32.13 per share on Wednesday afternoon, up $0.48 (+1.52%). Year-to-date, PINS has declined -13.26%, versus a 18.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/pins-mpngy-ddl-yelp-ias-is-pinterest-a-buy-as-social-media-landscape-shifts/>Is Pinterest a Buy as Social Media Landscape Shifts?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Pinterest a Buy as Social Media Landscape Shifts?

With Alphabet (GOOGL) facing growing antitrust challenges, investors question whether the tech giant remains a buy. Discover if GOOGL's financial strength and massive growth in AI and cloud can offset regulatory risks. Read on to learn more... Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>) has been a dominant player in the tech industry. However, it faces increased scrutiny from regulators worldwide. Google is set to <a href="https://www.reuters.com/technology/us-antitrust-trial-targets-googles-digital-ad-business-2024-09-04/">face trial next week in a second antitrust case</a>, where the U.S. Department of Justice (DOJ) will challenge the company's methods of monetizing advertising, which prosecutors claim harms news publishers.
This case is part of the Biden administration's broader push to curb the power of Big Tech through antitrust laws. It follows a significant victory for the Justice Department in a separate lawsuit on August 5, when a judge ruled that Google illegally monopolized online search.
Despite these looming challenges, GOOGL's financial strength remains undeniable. The company reported better-than-expected revenue and earnings for the second quarter of 2024. Alphabet reported <a href="https://abc.xyz/assets/19/e4/3dc1d4d6439c81206370167db1bd/2024q2-alphabet-earnings-release.pdf">revenues of $84.74 billion</a>, surpassing analysts' estimate of $84.30 billion. The company's EPS came in at $1.89, compared to the consensus estimate of $1.84.
Its main revenue drivers—Google Search, YouTube, and Google Cloud—remain robust. The company's advertising arm, which is at the center of antitrust scrutiny, still accounts for a significant portion of its revenue, and its dominance in digital ads has positioned Alphabet as a key player in the tech ecosystem.
Additionally, Alphabet is well-diversified with its growing cloud business, artificial intelligence (AI) advancements, and other ventures such as Waymo (autonomous driving) and Verily (health technology).
Shares of GOOGL have gained 17.4% over the past month and 15.3% over the past six months to close the last trading session at $156.45.
Let's look at factors that could influence GOOGL's performance in the upcoming months.
Outstanding Financials
For the second quarter that ended June 30, 2024, GOOGL's revenues increased 13.6% year-over-year to $84.74 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp#:~:text=Operating%20income%20is%20an%20accounting,of%20goods%20sold%20(COGS).">operating income</a> rose 25.6% from the year-ago value to $27.43 billion. Its net income was $23.62 billion, up 28.6% year-over-year. Its earnings per share grew 31.3% from the prior year's quarter to $1.89 billion.
In addition, the company's cash and cash equivalents totaled $27.23 billion as of June 30, 2024, compared to $24.05 billion as of December 31, 2023. Its total assets were $414.77 billion versus $402.39 billion as of December 31, 2023.
Favorable Analyst Estimates
Analysts expect GOOGL's revenue for the third quarter (ending September 2024) to grow 12.5% year-over-year to $86.26 billion. The consensus EPS estimate of $1.84 for the ongoing quarter indicates an improvement of 18.5% year-over-year. Further, the company has surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
For the fiscal year ending December 2024, Wall Street expects Alphabet's revenue and EPS to increase 13% and 31.5% from the previous year to $347.35 billion and $7.63, respectively. The company's revenue and EPS for the fiscal year 2025 are expected to grow 11.3% and 14% year-over-year to $386.67 billion and $8.69, respectively.
Solid Historical Growth
GOOGL's revenue has grown at a CAGR of 17.2% over the past five years. Its EBITDA has increased at a CAGR of 20.9% over the same period, and its levered free cash flow has grown at a CAGR of 16%. Furthermore, the company's net income and EPS have improved at CAGRs of 20.3% and 23% over the same timeframe, respectively.
Additionally, the company's total assets have increased at a CAGR of 10% over the past five years.
Robust Profitability
GOOGL's trailing-12-month gross profit margin of 57.64% is 13.3% higher than the 50.88% industry average. Its trailing-12-month EBITDA margin of 35.18% is 90.5% higher than the 18.47% industry average. Likewise, the stock's trailing-12-month net income margin of 26.70% is significantly higher than the industry average of 3.24%.
Furthermore, GOOGL's trailing-12-month ROCE, ROTC, and ROTA of 30.87%, 20.34%, and 21.13% are considerably higher than the industry averages of 3.49%, 3.81%, and 1.37%, respectively. The stock's trailing-12-month levered FCF margin of 13.40% is 65.3% higher than the industry average of 8.10%.
POWR Ratings Reflect Promise
GOOGL's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. GOOGL has an A grade for Sentiment, in sync with its favorable analyst expectations. In addition, the stock has a B grade for Quality, consistent with higher-than-industry profitability.
Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, GOOGL is ranked #8 out of 52 stocks.
Beyond what I have stated above, we have also given GOOGL grades for Value, Growth, Momentum, and Stability. Get all GOOGL ratings <a href="https://stocknews.com/stock/GOOGL/">here</a>.
Bottom Line
While Alphabet's dominance in search and digital ads has put it in the crosshairs of antitrust regulators, its outstanding financial performance, innovation in AI and cloud, and expansion into new markets make it a compelling long-term investment. Given robust financials and a bright growth outlook, GOOGL could be an ideal investment for potential gains.
How Does Alphabet Inc. (GOOGL) Stack Up Against Its Peers?
While GOOGL has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry with an A (Strong Buy) rating: Meituan ADR (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Ltd (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Travelzoo (<a href="https://stocknews.com/stock/TZOO/">TZOO</a>).
To explore more A or B-rated internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
GOOGL shares were trading at $156.58 per share on Thursday afternoon, up $0.13 (+0.08%). Year-to-date, GOOGL has gained 12.22%, versus a 16.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/googl-mpngy-ddl-tzoo-with-antitrust-challenges-looming-is-alphabet-still-a-buy/>With Antitrust Challenges Looming, Is Alphabet Still a Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

With Antitrust Challenges Looming, Is Alphabet Still a Buy?

South Korea's e-commerce giant, Coupang (CPNG), has surged over 40% this year. Yet, despite this impressive rally, a decline in bottom-line performance raises concerns, leaving investors wondering: Can CPNG keep up its momentum? Read on to find out... Founded in 2010 by Bom Kim, a former Harvard Business School student, Coupang, Inc. (<a href="https://stocknews.com/stock/CPNG/">CPNG</a>) has rapidly become South Korea's e-commerce leader, often earning the title of the "Amazon of South Korea." Shares of CPNG have soared 46.5% over the past nine months and 42.1% year-to-date to close the last trading session at $23.
A question lingers in investors' minds despite this impressive run: can Coupang sustain its upward momentum?
While Coupang's financials have shown mixed signals recently, its second-quarter revenue came in at $7.32 billion, slightly missing the anticipated $7.39 billion. However, on the bright side, its adjusted <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> of $0.07 exceeded the expected break-even point, delivering a $0.07 surprise.
"This quarter, we continued to see deeper levels of engagement from our customers, powered by our relentless focus on providing even greater levels of selection, service, and savings for customers," said CPNG's CFO Gaurav Anand.
Let's look at factors that could influence CPNG's performance in the upcoming months.
Mixed Financials
In the second quarter of 2024, which ended on June 30, CPNG's net revenue increased 25% year-over-year (or 18% excluding the impact of Farfetch) to $7.32 billion. The company's Product Commerce Active Customers also increased by 12%, reaching 21.7 million, while revenue per active customer rose 5% on a constant currency basis.
Moreover, its gross profit grew 41% year-over-year to $2.14 billion, with a gross margin of 29.3%. CPNG's adjusted EBITDA increased 10% from the year-ago value to $330 million.
However, the company reported an operating loss of $25 million, compared to an operating income of $148 million in the prior year's quarter. In addition, its adjusted attributable net income decreased 14.5% year-over-year to $124 million, and adjusted earnings per share came in at $0.07, down 12.5% year-over-year. CPNG's cash outflow from operating activities declined 33.7% year-over-year to $876 million. 
Mixed Analyst Estimates
Analysts expect CPNG's revenue for the third quarter (ending September 2024) to increase 24.8% year-over-year to $7.72 billion. However, the consensus EPS estimate of $0.01 for the same period indicates a 77.7% year-over-year decline.
Similarly, for the fiscal year ending December 2024, CPNG's revenue is expected to grow 24.4% from the prior year to $30.34 billion, while its EPS for the current year is forecasted to be negative at $0.01.
Stretched Valuation
In terms of forward EV/Sales, CPNG is trading at 1.30x, 7.6% higher than the industry average of 1.21x. Likewise, its forward Price/Sales of 1.36x is 56.8% above the industry average of 0.87x. Furthermore, the stock's forward EV/EBITDA and EV/EBIT multiple of 40.75 and 88.76 compares with the industry averages of 9.76 and 14.24, respectively.
Mixed Profitability
CPNG's trailing-12-month ROCE and ROTA of 31.73% and 6.92% are 175.8% and 69.9% higher than their respective industry averages of 11.50% and 4.08%. Likewise, its trailing-12-month asset turnover ratio of 2.10x is 112.3% above the industry average of 0.99x.
However, the stock's trailing-12-month EBIT and levered FCF margins of 1.14% and 3.95% are below their industry averages by 85.6% and 22.7%, respectively. In addition, the stock's 2.95% trailing-12-month ROTC is 51.7% lower than the 6.11% industry average.
POWR Ratings Exhibit Mixed Prospects
CPNG's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CPNG has a B grade for Momentum is justified by its share price, which is currently trading above its 50-day moving average of $21.64 and 200-day moving average of $19.31.
However, with a five-year beta of 1.10, the stock has earned a grade C for Stability. Also, the stock's C grade for Sentiment is consistent with its mixed analysts' estimates.
CPNG is ranked #42 out of 52 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. <a href="https://stocknews.com/stock/CPNG/">Click here</a> to access CPNG's Growth, Value, and Quality ratings.
Bottom Line
CPNG remains dominant in South Korea's e-commerce space, but its latest financials raise concerns. While the company exceeded earnings expectations, it missed revenue and customer growth estimates, causing its stock to drop 4.5% immediately following the results. Despite improvements in operational efficiency and adoption of AI-driven automation, the decline in bottom-line performance and mixed analyst forecasts highlight the company's ongoing challenges.
Considering CPNG's higher-than-industry valuation, enhanced volatility, and a slowing retail market in South Korea, it could be wise to wait for a better entry point in this stock now.
How Does Coupang, Inc. (CPNG) Stack Up Against Its Peers?
While CPNG has an overall grade of C, equating to a Neutral rating, you may also check out these A (Strong Buy) or B (Buy) rated stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry: Meituan (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>). To explore more Internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CPNG shares were trading at $23.40 per share on Wednesday afternoon, up $0.40 (+1.74%). Year-to-date, CPNG has gained 44.53%, versus a 16.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/cpng-mpngy-ddl-yelp-can-coupang-keep-up-its-momentum-as-south-koreas-e-commerce/>Can Coupang Keep up Its Momentum as South Korea's E-Commerce Giant?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Coupang Keep up Its Momentum as South Korea's E-Commerce Giant?

The gig is up and in a good way! The global gig economy is set to surge to nearly $2 trillion by 2031. With increasing demand for flexible work and rising global participation, platforms like Fiverr International (FVRR) are leading the charge. Read on to explore why this stock is worth watching as the gig economy expands. The gig economy has been on an unstoppable rise, thanks to the rise of tech-driven freelance marketplaces and on-demand services. What started with ride-sharing apps has now become a full-fledged marketplace for virtually every service imaginable (from food delivery and groceries to finding a plumber or a graphic designer), all with just a few taps on your smartphone.
As digital technologies advance and the work-from-anywhere trend becomes the norm, the gig economy continues to expand. In the past two years alone, about 35 venture-backed companies have raised nearly $800 million, underscoring this space's booming interest and potential. Developing economies also see a surge in gig participation, further fueling this growth.
In this evolving landscape, should you keep an eye on Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>)? Let's find out.
Fiverr is a bustling freelance marketplace where people can hire talent from web design to video production, with job postings starting as low as $5. The platform charges a commission on each transaction and offers various subscription options for buyers and sellers. Freelancers on Fiverr can even turn their gigs into full-time careers.
During the Q2 earnings call, CEO Micha Kaufman shared that the company has navigated a challenging macro environment by maintaining operational excellence and delivering profitable growth. He stated, "We've made remarkable strides in our product evolution with the introduction of profession-based catalog and hourly contracts."
Although FVRR saw a dip in traffic in mid-2024, especially in the programming and tech sectors, the company remains optimistic. "Despite a 7% year-over-year decline in U.S. job openings and a 17% drop in the information sector, AI continues to drive growth for Fiverr, particularly in complex services, and is expected to be a growth driver moving forward", Kaufman added.
Shares of FVRR have gained 13.1% over the past six months to close the last trading session at $24.81.
Now, let's look at factors that could influence FVRR's performance in the upcoming months:
Positive Developments
On July 31, FVRR announced <a href="https://investors.fiverr.com/news-releases/news-release-details/fiverr-deepens-ecommerce-solutions-acquisition-leading">the acquisition of AutoDS</a>, a subscription-based drop-shipping platform. AutoDS, which offers tools for product research, inventory management, and automated fulfillment, is expected to significantly boost FVRR's eCommerce capabilities while introducing a new, recurring revenue stream through subscriptions.
Kaufman said the acquisition of AutoDS, which manages over 150 million products and serves tens of thousands of subscribers, supports the company's transition from a marketplace to a platform offering talent and software solutions. Moreover, with the global drop-shipping market expected to soar from $285 billion to over <a href="https://www.oberlo.com/statistics/dropshipping-market">$2 trillion by 2033</a>, AutoDS' automation tools and expansive network are set to enhance FVRR's position in the growing digital services space.
In addition to the acquisition, the company also rolled out new features, including a profession-based <a href="https://www.fiverr.com/news/summer_product_release_2024">catalog and hourly contracts</a>. These additions are designed to expand its market presence and further align with its goal of becoming a full-service platform for talent and software.
Solid Financial Performance
For the second quarter that ended June 30, 2024, FVRR reported revenue of $94.66 million, up 5.9% year-over-year and slightly above the analyst's estimate of $94.63 million. Its non-GAAP gross profit increased by 6.2% year-over-year to $79.93 million, with a margin of 84.4%.
Further, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> rose 16.8% from the year-ago value to $17.85 million, while its cash outflow from operating activities grew 11.9% from the prior year's quarter to $20.97 million. FVRR's non-GAAP net income amounted to $23.83 million and $0.58 per share, reflecting an increase of 18.9% and 18.4%, respectively, from the same quarter last year.
Also, its free cash flow stood at $20.66 million, up 12.5% year-over-year. Additionally, its cash and cash equivalents increased to $188.73 million as of June 30, 2024, compared to $183.67 million as of December 31, 2023.
Favorable Analyst Estimates
The consensus revenue estimate of $96.39 million for the fiscal third quarter (ending September 2024) represents a 4.2% increase year-over-year. The consensus EPS estimate of $0.61 for the current quarter indicates a 10.1% improvement year-over-year. The company has an excellent earnings surprise history, surpassing the consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's EPS is anticipated to grow 20% year-over-year to $2.34, while its revenue is expected to increase 6.6% from the prior year period to $385.17 million.
In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 9.8% and 10.5% from the same period last year to $423.02 million and $2.59, respectively.
Lower-Than-Industry Valuation
In terms of forward non-GAAP P/E, FVRR is currently trading at 10.52x, 45.4% lower than the industry average of 19.28x. Similarly, the stock's forward EV/EBIT and EV/EBITDA multiples of 9.32 and 8.74 are 41.3% and 23.5% lower than the industry averages of 15.88x and 11.42x, respectively.
Additionally, the stock's 1.63x forward EV/Sales is 10.4% lower than the industry average of 1.82x.
High Profitability
FVRR's trailing-12-month gross profit margin of 83.34% is 165.7% higher than the 31.36% industry average. Likewise, its trailing-12-month levered FCF margin of 18.49% is 181.8% higher than the industry average of 6.56%.
POWR Ratings Reflect Promise
FVRR's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories.
FVRR boasts an A grade for Growth, consistent with its solid financial performance in the last reported quarter. Additionally, its B grade for Value and Quality is in sync with its discounted valuation and robust profitability.
The stock is ranked #7 in the <a href="https://stocknews.com/category/internet/">Internet</a> industry. <a href="https://stocknews.com/stock/FVRR/">Click here</a> to access FVRR's Momentum, Stability, and Sentiment ratings.
Bottom Line
The global gig economy isn't just a passing trend; it's on track to become a <a href="https://ssir.org/articles/entry/gig-economy-startups-workers#:~:text=The%20global%20gig%20economy%20is,workers'%20increasing%20demands%20for%20flexibility.">nearly $2 trillion</a> industry by 2031. With a global job shortage and the rising demand for flexible work, gig platforms are thriving. As of March 2024, <a href="https://institute.bankofamerica.com/content/dam/economic-insights/consumer-morsel-gig-economy-is-up.pdf">over 3.8%</a> of Bank of America customers received income from gig platforms, surpassing previous highs. Moreover, the share of gig workers earning monthly income has steadily increased since 2021, underscoring the increasing commitment to freelance work.
As the gig economy continues to grow, FVRR is well-positioned to benefit. With strong financials, increasing profitability, and a bright long-term growth outlook, it could be wise to invest in this stock.
How Does Fiverr International Ltd. (FVRR) Stack Up Against Its Peers?
While FVRR has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry: Meituan (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>), carrying A (Strong Buy) or B (Buy) ratings. To explore more Internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
FVRR shares were trading at $25.40 per share on Friday afternoon, up $0.79 (+3.21%). Year-to-date, FVRR has declined -6.69%, versus a 19.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/fvrr-mpngy-ddl-yelp-is-fiverr-a-good-stock-to-watch-as-gig-economy/>Is Fiverr a Good Stock to Watch as Gig Economy Expands?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Fiverr a Good Stock to Watch as Gig Economy Expands?

Amazon (AMZN) performed very well in the last quarter with strategic partnerships, the introduction of new capabilities, and strong sales growth. Also, looking ahead, the company's prospects are bright, with the upcoming holiday season likely to spike consumer spending. So, let's determine whether Amazon is an ideal addition to your portfolio. Read more to find out... Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores.
Ahead of the holiday season, AMZN introduced various initiatives, including Business Prime Rewards and a significant discount to Business Prime Essentials membership, which will exclusively benefit Business Prime members. Also, the company's Prime Big Deal Days sale will open on October 8 - 9, where Prime Members will have exclusive access to millions of early holiday deals.
During the second quarter, Amazon entered into a strategic partnership with Intel Corporation to advance U.S.-based chip manufacturing. The coe 4vmpany also collaborated with Oracle Corporation for the launch of a new service, Oracle Database@AWS, enabling customers to access Oracle Autonomous Database.
Also, buy with Prime and Amazon multi-channel fulfillment recently expanded with its new capabilities and more brands. These new capabilities are part of AMZN's focus on innovating in order to help businesses of all sizes increase their sales on their own online stores and other channels beyond Amazon.com.
The company reported its second-quarter results, where its AWS segment sales rose 18.7% year-over-year to $26.28 billion, and its total net sales were $147.98 billion.
Buoyed by the company's last quarter performance, AMZN has provided the following guidance for the fiscal 2024 third quarter. It expects net sales between $154 billion and $158.50 billion. The company's operating income is expected to be between $11.50 billion and $15 billion.
Shares of AMZN have surged 4.2% over the past month and 43% over the past year to close its last trading session at $185.13.
Let's look at factors that could influence AMZN's performance in the upcoming months.
Positive Recent Developments
On September 16, AMZN's Amazon Web Services. Inc. (AWS) and Intel Corporation (<a href="https://stocknews.com/stock/INTC/">INTC</a>) announced a co-investment to help advance U.S.-based chip manufacturing through a multi-year, multi-billion-dollar arrangement encompassing products and wafers from Intel. Through INTC's state-of-the-art technology, AWS will enhance its performance and efficiency.
The collaboration marked a significant expansion of the two companies' longstanding alliance to help customers power virtually any workload and accelerate the performance of artificial intelligence (AI) applications.
On September 9, AWS entered into a strategic partnership with Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) to launch Oracle Database@AWS, a new service enabling customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS.
By integrating ORCL's services, AWS can enhance its cloud infrastructure, attracting more customers seeking robust database solutions. This further strengthens AMZN's position in the cloud market, driving growth and broadening its service capabilities.
Robust Financials
AMZN's total net sales increased 10.1% year-over-year to $147.98 billion during the second quarter that ended June 30, 2024. Its operating income grew 91% from the year-ago value to $14.67 billion. The company's income before income taxes of $15.24 billion reflects a growth of 101.6% from the prior-year quarter.
In addition, the company's net income and EPS came in at $13.48 billion and $1.26, indicating increases of 99.8% and 93.8% from the prior year's quarter, respectively. Its free cash flow was $52.97 million for the quarter, up from $7.88 billion during the prior year's quarter.
Also, as of June 30, 2024, the company's total assets stood at $554.82 billion, compared to $527.85 billion as of December 31, 2023.
Solid Historical Growth
AMZN's revenue and EBITDA have grown at respective CAGRs of 10.9% and 20.6% over the past three years. The company's EBIT has increased at a CAGR of 22.4% over the same timeframe, while its net income and EPS have improved at CAGRs of 14.7% and 13.3%, respectively.
Also, the company's tangible book value and total assets have grown at CAGRs of 29% and 15.5% over the past three years, respectively.
Favorable Analyst Estimates
Analysts expect AMZN's revenue for the third quarter (ended September 2024) to increase 9.9% year-over-year to $157.18 billion. The consensus EPS estimate of $1.13 for the same quarter indicates a 20.6% year-over-year improvement. Moreover, AMZN has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's revenue and EPS are expected to grow 10.5% and 63% year-over-year to $635.38 billion and $4.73, respectively. Also, Street expects its revenue and EPS for the fiscal year 2025 to increase 10.8% and 22.5% year-over-year to $704.27 billion and $5.79, respectively.
High Profitability
AMZN's trailing-12-month EBIT margin of 9% is 13.7% higher than the industry average of 7.91%. Its trailing-12-month net income margin of 7.35% is 60.3% higher than the industry average of 4.59%. Similarly, its trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 48.04% is considerably higher than the industry average of 37.13%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 21.93%, 9.22%, and 8.01% are favorable, compared to the industry averages of 11.26%, 6.17%, and 4.06%, respectively. AMZN's trailing-12-month Leveraged FCF margin of 9.79% is significantly above the 5.10% industry average.
POWR Ratings Reflect Promise
AMZN's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AMZN has an A grade for Sentiment, in sync with its favorable analyst estimates.
In addition, the stock has a B grade for Quality, consistent with its higher-than-industry profitability. It also has a B grade for Momentum,
AMZN is ranked #14 in the 52-stock A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what I have stated above, we have also given AMZN grades for Value, Growth, and Stability. Get access to all the AMZN Ratings <a href="https://stocknews.com/stock/AMZN/">here</a>.
Bottom Line
Amazon is a well-known multinational company operating as a retail seller of consumer products. The company's strong industry footing worldwide, strategic collaborations, and solid financial performance position it for bright long-term prospects.
Further, as the holiday season nears, the company is all set to benefit from rising consumer spending. Amazon is welcoming the holidays with attractive initiatives and offers that will benefit different sections of its customers.
Given AMZN's solid financials, accelerating profitability, and promising growth outlook, this stock could be an ideal buy now.
How Does Amazon.com, Inc. (AMZN) Stack Up Against Its Peers?
While AMZN has an overall POWR Rating of B, investors could also check out these other stocks within the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry with A (Strong Buy) or B (Buy) ratings: Meituan ADR (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Expedia Group Inc. (<a href="https://stocknews.com/stock/EXPE/">EXPE</a>), and Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>).
For exploring more A and B-rated internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
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<hr />
AMZN shares were trading at $185.33 per share on Wednesday afternoon, up $0.20 (+0.11%). Year-to-date, AMZN has gained 21.98%, versus a 20.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/amzn-mpngy-expe-fvrr-orcl-intc-should-you-buy-amazon-now-ahead-of-the-holiday-season/>Should You Buy Amazon Now, Ahead of the Holiday Season Surge?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Buy Amazon Now, Ahead of the Holiday Season Surge?

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