reports
Snap Inc: 2 directors
Two Directors at Snap Inc sold/gave away 1,491,052 shares at between 0.000USD and 14.354USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over...
- Dan Salmon
Snap Inc. (SNAP, Buy, raising target to $18 from $17) The roadmap for...
In this report, we briefly review six current drivers of SNAP’s direct response (DR) ad revenue growth, and five that could potentially contribute more in 2024. We also preview SNAP’s NewFront presentation tomorrow night, and update our model for last week’s earnings results, which result in our target increasing to $18 from $17 due to higher estimates and a higher target valuation.
- Dan Salmon
Snap Inc. (SNAP, Buy, $17 target) Everything works for the ad business
What’s New: In this first take following tonight’s results, we touch on: 1. Broad-based ad growth, and 85% SMB advertiser growth sticks out 2. Engagement metrics hold steady, keeping the biggest risk to the stock at bay 3. Snapchat+ now at 9M subscribers, nicely ahead of our 8.6M estimate for 1Q24 4. My AI and generative AI features lightly highlighted 5. 2024 non-GAAP expense guidance also given for the first time. 6. Timely share repurchases continue as SNAP better manages the share count
- Dan Salmon
Snap Inc. (SNAP, Buy, raising target to $17 from $16) Quick Thoughts A...
What’s New: Ahead of Thursday PM’s earnings report, we review key controversies for SNAP, including: 1. Traction of SNAP’s direct response ad tech changes, and the trajectory of ad revenue growth. 2. Engagement levels in the North America, where deterioration is the most important risk this quarter. Also: can Global DAU growth hold +10%? 3. Flow through of the 10% headcount reduction in 1Q24, both on adjusted EBITDA margins and stock-based compensation. 4. We check in on SNAP’s non-advertising r...
Apple Hospitality REIT Announces Monthly Distribution
RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on May 15, 2024, to shareholders of record as of April 30, 2024. Based on the Company’s common stock closing price of $14.97 on April 17, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.4%. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a public...
- Blair Levin
Apple Hospitality REIT Acquires the AC Hotel by Marriott Washington DC...
RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 234-room AC Hotel by Marriott Washington DC Convention Center (the “Hotel”) for approximately $116.8 million, or $499,000 per key. “We are pleased to expand our portfolio with the acquisition of the AC Hotel Washington DC Convention Center and are thrilled to establish a presence in downtown Washington, D.C., a market we have tracked and wanted to have a presence in for some time,” said Nelson Knight, President, Real Estate and Investments o...
- Blair Levin
NSR Tech Policy: TikTok Legislative Update
Last week, in the midst of a flurry of news about legislative activity about a TikTok divestiture/ban, we published a note on the issue and then held a call with a former Senate staffer on the prospects for the legislation in the Senate and the Courts. In this note, we summarize our key points from the call, and update our analysis based on the call and subsequent news.
Apple Hospitality REIT Announces Dates for First Quarter 2024 Earnings...
RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it plans to report first quarter 2024 financial results after the market closes on Monday, May 6, 2024, and host a conference call for investors and interested parties at 10:00 a.m. Eastern Time on Tuesday, May 7, 2024, to discuss the results. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 877-407-9039, and participants from outside the U.S. should dial 201-689-8470. Part...
Apple Hospitality REIT Announces Monthly Distribution and Date for 202...
RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on April 15, 2024, to shareholders of record as of March 28, 2024. Based on the Company’s common stock closing price of $16.18 on March 15, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 5.9%. In addition, the Company today announced that its 2024 Annual Meeting of Shareholders wi...
Bluelinx Holdings Inc: 1 director
A director at Bluelinx Holdings Inc sold 5,352 shares at 116.330USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Blair Levin
- Blair Levin
NSR Policy Quick Take: States likely lose social media case at SCOTUS,...
The Supreme Court yesterday heard arguments on a case involving laws from Texas and Florida that would classify large social media platforms as common carriers and impose “must-carry” provisions on the platforms. We previewed the arguments and the implications of potential decisions yesterday. Here, we quickly summarize our take-aways from the argument.
- Blair Levin
Apple Hospitality REIT Reports Results of Operations for Fourth Quarte...
RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced results of operations for the fourth quarter and full year ended December 31, 2023. Apple Hospitality REIT, Inc. Selected Statistical and Financial Data As of and For the Three Months and Year Ended December 31 (Unaudited) (in thousands, except statistical and per share amounts)(1) Three Months Ended Year Ended December 31, December 31, 2023 2022 ...
Apple Hospitality REIT Announces Monthly Distribution
RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on March 15, 2024, to shareholders of record as of February 29, 2024. Based on the Company’s common stock closing price of $16.17 on February 15, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 5.9%. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is ...
- Dan Salmon
A Quick Review of Super Bowl Tactics GOOGL/YouTube and SNAP stand out
CBS/Paramount+ will broadcast today’s game, and many tech companies will be buyers of PARA’s advertising during it, with even more leveraging its massive audience with complimentary advertising, streaming and eCommerce opportunities. In this brief “pregame” note, we review strategies for GOOGL/YouTube, SNAP, AMZN, MSFT and others, including links to many of the in-game spots, and ad products being pushed to advertisers to augment in-game buys or on a standalone basis.
- Dan Salmon
Snap (Buy, target decreases to $16 from $20) 10K Data Points & 4Q23 M...
We lower our target price from $20 to $16 owing to lower estimates, partially offset by a lower 10-year rate in our DCF. We also had a chance to review the 10K and include a summary of key data points, including declines in U.S. revenue and SNAP's advertising spend.
BlueLinx to Host Fourth Quarter and Full Year 2023 Results Conference ...
ATLANTA--(BUSINESS WIRE)-- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue fourth quarter and full year 2023 financial results after the market closes on Tuesday, February 20, 2024. A conference call to discuss the Company’s results will be hosted by Shyam Reddy, President and Chief Executive Officer, and Andy Wamser, Chief Financial Officer, on Wednesday, February 21, 2024, at 10:00 AM ET. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the BlueLinx websi...
- Dan Salmon
Snap Inc. (SNAP, Buy, $20 target) Quick Thoughts Ahead of the Call
What’s New: In this brief note we touch on: 1. What to listen for on the call 2. 4Q23 results in-line with guidance, 1Q24 guidance below NSR, in-line with consensus 3. DAUs growth remains strong, North America time spent flat y/y 4. Latest on Snapchat+ 5. Latest on My AI 6. Latest on AR 7. Infrastructure per DAU 8. Free Cash Flow, Buybacks and Balance Sheet
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