Recent SEC filings reveal that exiting Eventbrite president Andrew Dreskin is dumping more than $2 million in Eventbrite stock. Eventbrite announced its quarterly earnings data on May 1st, missing analyst expectations by $0.05. Revenues were $81.30 mil…
Category archives: Wall Street
William Morris Endeavor Is Filing Paperwork to Go Public
William Morris Endeavor has signaled its intention to go public in a recent IPO filing, revealing details about the company’s financial position. Talent agency WME generated over $3.61 billion in revenue in 2018, with a net income of $231.3 million. Th…
Zacks Investment Research Lowers Its Sirius XM (SIRI) Rating to SELL
Sirius XM (SIRI) has been posting healthy subscriber increases since 2010. But slowed growth projections have caused Zacks Investment Research to re-assess the stock for 2019, dropping it from HOLD to SELL. A memo released on Friday reveals that Zacks …
Tencent Music Entertainment’s Rising Stock Briefly Makes Co-Presidents Billionaires
For a brief moment, Tencent Music Entertainment’s shares had made new billionaires. Following Tencent Music’s IPO, the Chinese streaming music giant’s stock has remained relatively volatile. Despite opening at $13 per share, the company’s stock quickly…
Deutsche Bank Values Universal Music Group at $33.3 Billion — Higher Than Its Parent Vivendi
It’s the perfect time to sell — a 50% stake, that is. Universal Music Group woke up a lot more valuable this morning, at least in the eyes of Deutsch Bank. On Monday morning, the Frankfurt-based investment banking and financial services conglomerate s…
Just Days After MKM Says ‘Buy,’ Spotify Jumps 10% In NYSE Trading
Spotify’s ‘non-IPO’ may have caused an exaggerated fall. After a deliriously bad December, shares of SPOT are actually bouncing back. And MKM Partners analyst Rob Sanderson may have called the comeback. Of course, there’s always next week. And the we…
Is Spotify Now a Great Bargain? Why One Wall Street Analyst Is Screaming ‘Buy!’
This could go one of two ways… Spotify’s stock has been brutalized of late, with a near-50% plunge ahead of the New Year. After flirting with $200 over the summer, SPOT was just points away from dropping below $100 in late December. But maybe SPOT has…
Was Spotify’s Direct Offering Really So Brilliant? SPOT Shares Slip to $104 as $17 Billion In Market Cap Goes Poof
Spotify’s non-traditional ‘direct offering’ was once lauded as genius. Now, it’s complicated. Spotify’s ‘non-IPO IPO’ bucked one of Wall Street’s most cherished traditions, and minted billionaires overnight. And as Spotify’s shares soared towards $200…
Spotify Slumps to Another All-Time Low of $115.86 — Is $99 Next?
Spotify — like most stocks on Wall Street — suffered another substantial drop on Wednesday. But is $200 still a realistic target? Those weathering past Wall Street bubbles have seen this story before. But is Spotify spectacularly crashing to Earth, o…
Spotify’s Stock Crashes Below $120 for the First Time Ever — $14.2 Billion In Market Cap Lost In 5 Months
Spotify’s once-searing stock is now staring at sub-$100 valuations — though analysts are still saying ‘Buy’. Shares of Spotify (SPOT) crashed to another all-time low in Tuesday trading, with a sub-$120 valuation briefly brushed. By the Wall Street bel…