SAN FRANCISCO, May 13, 2025 (GLOBE NEWSWIRE) -- SelectQuote Inc. (NYSE: SLQT) faced renewed investor pressure on Monday, May 12, 2025, as its shares tumbled another 12% following the release of quarterly results that fell short of earnings and revenue expectations. This decline compounds the over 19% drop experienced on May 1st after the U.S. Department of Justice (DOJ) announced a lawsuit alleging violations of the False Claims Act against the insurance brokerage and several major health insurers. Hagens B ...

Company Overview - eToro has priced its IPO at $52 per share, raising nearly $310 million and valuing the company at approximately $4.2 billion [1] - Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with platforms like Robinhood and generates revenue through trading fees and non-trading activities [5] Financial Performance - eToro's net income surged almost thirteenfold to $192.4 million in the last year, up from $15.3 million the previous year [6] - Revenue from cryptoassets more than tripled to over $12 million in 2024, with one-quarter of its net trading contribution coming from crypto, an increase from 10% the prior year [6] IPO Context - The IPO market is showing signs of recovery, with eToro's Nasdaq debut under the ticker symbol ETOR being a potential indicator of market readiness for risk [4] - eToro previously attempted to go public in 2022 through a SPAC merger, which was scrapped due to a downturn in equity markets [7] Investor Interest - BlackRock has expressed interest in purchasing $100 million in shares at the IPO price, with the company planning to sell 5 million shares in the offering, alongside existing investors selling another 5 million [8]

Fathom (FTHM) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Paul Kuntz - Director of CommunicationsMarco Fregenal - CEO & DirectorDaniel Weinmann - VP - Finance Conference Call Participants Darren Aftahi - MD & Senior Research Analyst Operator Good day, everyone, and welcome to the Fathom Holdings, Inc. First Quarter twenty twenty five Conference Call. At this time, all participants have been placed on a listen only mode, and we will open the floor for your questions and comments after ...

Core Insights - Robinhood Markets, Inc. reported select monthly operating data for April 2025, highlighting growth in funded customers and total platform assets [1][3]. Customer Metrics - Funded customers reached 25.9 million in April 2025, an increase of approximately 120 thousand from March 2025 and up about 2 million year-over-year, reflecting an 8% annual growth [2][3]. Asset Growth - Total platform assets amounted to $232.3 billion at the end of April 2025, representing a 5% increase from March 2025 and an 88% increase year-over-year [2][3]. Deposits - Net deposits for April 2025 were $6.8 billion, showing a 37% annualized growth rate compared to March 2025. Over the last twelve months, net deposits totaled $59.2 billion, with an annual growth rate of 48% relative to April 2024 [3]. Trading Volumes - Equity notional trading volumes were $157.8 billion in April 2025, up 26% from March 2025 and up 123% year-over-year. Options contracts traded were 167.5 million, roughly flat compared to March 2025 but up 32% year-over-year [2][3]. Crypto Trading - Crypto notional trading volumes decreased to $8.6 billion, down 24% from March 2025 and down 15% year-over-year [2][3]. Margin and Cash Sweep - Margin balances at the end of April were $8.4 billion, down 5% from March 2025 but up 105% year-over-year. Total cash sweep balances were $28.9 billion, up 2% from March 2025 and up 51% year-over-year [3]. Securities Lending Revenue - Total securities lending revenue for April was $25 million, reflecting a 4% increase from March 2025 and a 19% increase year-over-year [2][3].

Core Viewpoint - StoneX Group Inc. has announced the acquisition of Plantureux et Associés, a Paris-based brokerage firm specializing in agricultural commodities, which will enhance its presence in the French agricultural market, a key region for grain production in Europe [1][2]. Company Overview - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and expertise, serving over 54,000 clients and more than 400,000 retail accounts from over 80 offices worldwide [3]. Acquisition Details - The acquisition of Plantureux is aimed at strengthening StoneX's position in the European agricultural commodities market and is subject to regulatory approval and customary closing conditions [2]. - Plantureux has nearly 40 years of experience in agricultural commodities and is recognized for its strong relationships in the French cereal market [2]. - The acquisition is part of StoneX's broader European growth strategy, following previous investments such as the acquisition of Octo Finances SA to expand fixed income capabilities [2]. Strategic Importance - France, as Europe's largest grain producer, is a critical link in the global agricultural value chain, making this acquisition strategically significant for StoneX [2]. - The acquisition will allow StoneX to provide localized expertise and high-touch service to clients in France and the surrounding region [2].

May 9, 2025 08:00 AM GMT Internet | North America 1Q SMID Cap Wrap | What's Changed | | | | --- | --- | --- | | Playtika Holding Corp (PLTK.O) | From | To | | Price Target | $5.75 | $5.50 | | Compass, Inc. (COMP.N) | | | | Price Target | $8.50 | $8.00 | | Reaction to earnings | | | | Unchanged | Modest upside | Largely unchanged | | Impact to our thesis | Financial results versus consensus | Direction of next 12-month | | | | consensus EPS | | Source: Company data, Morgan Stanley Research | | | | Reaction t ...

Historically equity market volatility in China rose mostly due to external shocks (e.g. COVID in 2020 and ADR delisting in 2022) and has typically seen negative returns with MSCI China down 6% during these periods of rising volatility (see Figure 1). That said, the market typically overshot in times of uncertainty and as volatilities declined in the ensuing period, the index actually delivered a positive return of 5% on average. Using the option implied volatility in the HSI as a proxy, we found that invest ...

Group 1 - O'Reilly Automotive, Interactive Brokers, and Fastenal have announced stock splits in 2025, indicating a trend among industry leaders [1][9][11] - Stock splits are cosmetic changes that do not affect a company's market cap or operating performance, with forward splits being favored by investors [4][6] - O'Reilly Automotive announced a 15-for-1 stock split, contingent on shareholder approval, following a significant share repurchase program [9][10] Group 2 - Interactive Brokers announced its first-ever stock split of 4-for-1, benefiting from growth in customer base and trading activity [11][12] - Fastenal is completing a 2-for-1 forward split, marking its ninth split in 38 years, with shares increasing significantly since its IPO [13] - The article discusses the criteria for selecting potential stock split candidates, emphasizing the importance of retail investor ownership and company willingness to lower share prices [15][16] Group 3 - Meta Platforms is identified as a strong candidate for a future stock split due to its high share price and significant retail investor ownership [20][21] - Meta's social media assets attract a vast user base, contributing to its advertising revenue, which constitutes 98% of net sales [23] - The company has substantial cash reserves and is investing in AI, positioning itself for future growth and potential stock split [25][26]

Core Viewpoint - The article discusses the trend of stock splits on Wall Street, highlighting their role in the current bull market and the appeal they hold for investors, particularly in the context of companies that are performing well and seeking to attract everyday investors [1][2][3]. Stock Split Dynamics - Stock splits are cosmetic adjustments that do not affect a company's market capitalization or operational performance [3]. - There are two types of stock splits: forward splits, which lower share prices to make them more accessible, and reverse splits, which are typically used by struggling companies to avoid delisting [4][5]. Performance of Companies with Forward Splits - Companies that announce forward stock splits tend to outperform the market, with an average annual return of 25.4% in the year following the announcement, compared to the S&P 500's 11.9% [7]. - High-profile companies like Nvidia, Broadcom, and Walmart completed forward splits in 2024, indicating a trend among brand-name businesses to attract everyday investors [8]. Recent Stock Split Announcements - O'Reilly Automotive announced a 15-for-1 forward split, effective June 9, 2025, which reflects its strong performance in the auto parts sector as consumers keep their vehicles longer [9][10]. - Fastenal approved a 2-for-1 forward split, marking its ninth split since going public in 1987, with a stock price increase of nearly 124,000% since its debut [12][13]. Interactive Brokers Group's Historic Split - Interactive Brokers Group announced a 4-for-1 forward split, the first in its history, following a 343% increase in stock price over the past five years, aimed at making stock ownership more accessible [15][16]. - The company has seen significant growth in customer accounts, equity, and trading activity, benefiting from favorable market conditions [19][21]. Market Context and Valuation - Despite strong performance metrics, Interactive Brokers' stock is considered expensive with a forward P/E ratio of nearly 23, representing a 14% premium over its five-year average [20]. - The company has experienced a 65% increase in customer accounts and a 67% surge in customer equity, indicating robust growth in its trading platform [21].

Financial Data and Key Metrics Changes - Revenue in Q1 increased by 28.7% year over year, reaching $1.36 billion, while adjusted EBITDA was a record $15.6 million, a significant improvement from a loss of $20.1 million in the previous year [4][20][25] - Total transactions increased by 27.8%, with organic transactions up 7.3%, contrasting with a 2.1% decline in the overall market [4][21] - The company generated $19.5 million in free cash flow, marking a new record for Q1 and an improvement from $5.9 million in the same quarter last year [26] Business Line Data and Key Metrics Changes - The title and escrow business saw strong momentum, with attach rates up 695 basis points year over year [6] - Principal agent retention grew to 96.6%, an increase of 30 basis points year over year, indicating strong agent loyalty [5] Market Data and Key Metrics Changes - Market share increased to 6%, up 125 basis points year over year and 95 basis points from Q4 [22] - Gross transaction value reached $52 billion, reflecting a 30.7% increase from the previous year [22] Company Strategy and Development Direction - The company aims to control organic operating expenses at a growth rate of 3% to 4% annually while expanding its agent base and enhancing agent productivity through its platform [14][15] - The acquisition of Christie's International Real Estate is expected to empower independent brokerages and enhance the company's market presence [6][24] Management's Comments on Operating Environment and Future Outlook - Management noted that the volatility in March was due to market uncertainty related to tariff discussions, but they expect a recovery in transactions as stability returns to the market [20][44] - The company believes that the demand for homes is merely deferred rather than eliminated, anticipating that full-year transactions will align with previous expectations if market stability is maintained [44] Other Important Information - The company completed the acquisition of Christie's International Real Estate on January 13, 2025, which is expected to positively impact financial metrics and operational synergies [24][27] - The weighted average share count for Q1 was 550 million, with an expected increase due to the acquisition-related share issuance [27] Q&A Session Summary Question: What was revenue growth tracking ahead of the disruption in March? - Management indicated that revenue was tracking close to the midpoint of guidance before the March volatility, with April tracking expectations [40] Question: What is the latest with NAR's clear cooperation policy? - Management confirmed that the three-phase marketing strategy complies with NAR's updated policies and emphasizes homeowner choice [50][52] Question: How is the company addressing agent recruitment post-NAR changes? - Management reported strong organic recruitment, with 700 new agents added in Q1, indicating continued demand for the company's value proposition [61] Question: What are the churn trends in the quarter? - Churn was in line with historical levels, with no significant changes noted, and the company added agents instead of experiencing churn from the Christie's acquisition [75] Question: What does success look like for the three-phase marketing strategy? - Success is defined by agents continuing to differentiate themselves, gaining more listings, and achieving better terms for sellers [73][74]