Latest News for Zip Co Stock (OTC:ZIZTF)

Zip is a diversified finance provider, offering consumer financing via a line of credit (via Zip Pay and Zip Money) and instalment-based finance (via QuadPay, Spotii, Twisto, and PayFlex); as well as lending to small to midsize enterprises (via Zip Business). Zip's fortunes are largely tied to the buy now, pay later, or BNPL, industry. Most of its products—Zip Pay, QuadPay (Zip U.S.), and PayFlex—do not charge interest based on outstanding balances. Around 60%-70% of Zip Pay's/Zip Money's revenue is derived from customers, mainly via account fees and interest. Meanwhile, its instalment businesses primarily generate revenue by receiving a margin from merchants, which compensates it for accepting all nonpayment risk and for encouraging consumers to transact more frequently.

Zip Co Ltd

Biotres Pro Is Also Capturing The Attention Of New Customers. The Initial Production Run Of Biotres Pro Has Sold Out, With Customers Placing Pre-orders For The Next Run, Which Is Scheduled To Ship To Customers By End Of May. 
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News

Health Care

General

BTCY

Biotricity Announces High Demand For Its LBiotres Pro, a 3-Channel Patch-like ECG, Biotres Pro Is Expected To Raise The Average Subscription Price By Over 32%, Translating To Revenue Increase Of Up To 10% From Sales To Existing Customers Throughout 2025

Snap Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares are skyrocketing in the<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">&nbsp;premarket session on Friday.</a>
Yesterday, the company&nbsp;reported its first-quarter financial results with quarterly earnings of 3 cents per share,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38445632/snap-shares-soar-on-better-than-expected-q1-results-daily-active-user-growth-q2-revenue-guidance" rel="noreferrer noopener">beating the analyst consensus estimate of a loss of 5 cents per share</a>.
Adjusted EBITDA was&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38443869/snap-inc-announces-first-quarter-2024-financial-results" rel="noreferrer noopener">$46 million, compared to $1 million in the prior year.</a>
While reporting quarterly results, Snap highlighted new tools, including new Creative Templates, the ability to post longer videos, and access to AI-powered AR Lens creation.
The company said it onboarded over 1,500 Snap Stars in the quarter, which has helped generate quarter-over-quarter growth in Story posts, Spotlight posts, and Stories time spent for Snap Stars globally.
Based on these strengths, quarterly sales clocked in at $1.195 billion, which beat the analyst consensus estimate of $1.12 billion by 6.74% and represents a 20.88% increase over sales&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">of $988.608 million from the same period last year.</a>
The company reported 422 million daily active users in the first quarter, an increase of 39 million, or 10%, year-over-year.
Snap sees second-quarter revenues between<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;$1.225 billion and $1.255 billion.&nbsp;</a>
&#8220;As we enter Q2, we anticipate continued growth of our global community, and as a result, our Q2 guidance&nbsp;is built&nbsp;on the assumption that DAU will be approximately 431 million in Q2,&#8221; the company said.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;SNAP stock has gained over 15% in the past year.&nbsp;Investors can gain exposure to the stock via&nbsp;Global X Social Media ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOCL#NASDAQ">SOCL</a>) and&nbsp;Fidelity Disruptive Communications ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDCF#NASDAQ">FDCF</a>).
Price Action: SNAP shares are trading higher by 25.6% at $14.32 premarket at last check Friday.
Photo by Christopher Penler on Shutterstock

Equities

Markets

Movers

FDCF

SNAP

SOCL

Snap Gains Over 25% - What's Going On?

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) with a Neutral.

Reiteration

Analyst Ratings

ARBK

HC Wainwright & Co. Reiterates Neutral on Argo Blockchain

WIIM

GOOG

GOOGL

Alphabet Board Authorized Repurchase Of Additional $70B Of Class A And Class C Shares. Also, multiple firms raised their respective price targets on the stock.

Goldman Sachs analyst Toshiya Hari maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Sell and lowers the price target from $39 to $34.

Price Target

INTC

Goldman Sachs Maintains Sell on Intel, Lowers Price Target to $34

CHTR

Charter Communications shares are trading lower after the company reported worse-than-expected Q1 results.

DA Davidson initiates coverage on NAPCO Security Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) with a Buy rating and announces Price Target of $52.

Initiation

NSSC

DA Davidson Initiates Coverage On NAPCO Security Techs with Buy Rating, Announces Price Target of $52

Oil States International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.01) by 200 percent. This is a 200 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $167.262 million which missed the analyst consensus estimate of $190.075 million by 12.00 percent. This is a 14.75 percent decrease over sales of $196.199 million the same period last year.

Earnings

Earnings Misses

CORRECTION: Oil States International Q1 2024 Adj EPS $(0.03) Misses $(0.01) Estimate, Sales $167.262M Miss $190.075M Estimate

Needham analyst Quinn Bolton reiterates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Hold.

Needham Reiterates Hold on Intel

APLS

Apellis Pharmaceuticals shares are trading higher after the European Medicines Agency resets Pegcetacoplan review for geographic atrophy to day 180 of initial assessment.

CLSA reinstates H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) with a Buy and announces $47 price target.

HTHT

CLSA Reinstates Buy on H World Group, Announces $47 Price Target

Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) reportedly instructed its employees recently not to opt for chicken in their meals due to high demand but has now lifted the restriction.
Chipotle&nbsp;informed its U.S. employees through email&nbsp;about the reintroduction of chicken al pastor, citing challenges arising from its success,&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-25/chipotle-tells-workers-to-skip-chicken-as-customer-demand-surges?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">reported&nbsp;</a>Bloomberg.
The message from Chief Restaurant Officer Scott Boatwright requested employees to abstain from ordering chicken, stating it was to preserve&nbsp;supply for customers, as per the report.
Chipotle clarified that the directive was a request, not a mandate, and announced employees could resume ordering chicken as usual within a week.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38437634/chipotle-mexican-grill-is-in-a-league-of-their-own-7-analysts-revise-forecasts-afte" rel="noreferrer noopener">Chipotle Mexican Grill Is In A &#8216;League Of Their Own&#8217;: 7 Analysts Revise Forecasts After Q1 Results</a>
CEO Brian Niccol confirmed to Bloomberg that it was a temporary supply crunch but assured that the issue had been resolved with no ongoing challenges.
Employees at&nbsp;Chipotle&#8217;s only unionized U.S. store in Michigan voiced concerns over the company&#8217;s policy enforcement and the need for a secure union contract.
Chicken al pastor&nbsp;was highlighted&nbsp;as a successful marketing initiative&nbsp;contributing&nbsp;to increased sales in the first quarter.
Earlier this week, Chipotle said first-quarter revenue increased 14.1% year-over-year to $2.702 billion, which beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more" rel="noreferrer noopener">consensus estimate of $2.675 billion</a>.
The fast-casual restaurant chain company reported adjusted earnings of $13.37 per share, which beat analyst estimates of $11.68&nbsp;per share.&nbsp;
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38360106/chipotle-to-spice-up-kuwait-city-new-location-marks-decade-long-international-expansion" rel="noreferrer noopener">Chipotle To Spice Up Kuwait City: New Location Marks Decade-Long International Expansion</a>
Chipotle Mexican Grill stock gained over 54% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Total Stock Market ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and&nbsp;Invesco Food &amp; Beverage ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>).
Price Action: CMG shares closed higher by 6.33% at $3,111.97 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

Chipotle Requests Employees To Not Eat Chicken So They Can Sell More, Rescinds Soon

Biotech

European Medicines Agency Has Reset The Review Of Apellis Pharmaceuticals' Intravitreal Pegcetacoplan For Geographic Atrophy To The Last Phase Of The Initial Assessment (Day 180). Apellis Anticipates An Opinion From CHMP No Later Than July 2024

Needham analyst James Ricchiuti maintains Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Buy and raises the price target from $107 to $114.

PLXS

Needham Maintains Buy on Plexus, Raises Price Target to $114

Needham analyst Charles Shi reiterates KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Hold.

KLAC

Needham Reiterates Hold on KLA

Newell Brands shares are trading higher after the company reported better than expected Q1 earnings and issued guidance.

Scotiabank analyst Patrick Colville initiates coverage on Tenable Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) with a Sector Perform rating and announces Price Target of $47.

TENB

Scotiabank Initiates Coverage On Tenable Holdings with Sector Perform Rating, Announces Price Target of $47

Goldman Sachs analyst Kash Rangan maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Buy and raises the price target from $450 to $515.

MSFT

Goldman Sachs Maintains Buy on Microsoft, Raises Price Target to $515

Scotiabank analyst Patrick Colville initiates coverage on Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Sector Perform rating and announces Price Target of $46.