Analyst Downgrades: GrubHub Inc, VeriFone Systems Inc, and Qualcomm

Analysts downwardly revised their ratings on GrubHub Inc (GRUB), VeriFone Systems Inc (PAY), and QUALCOMM, Inc. (QCOM)

Dec 16, 2015 at 9:29 AM
facebook X logo linkedin


Analysts are weighing in on food ordering firm GrubHub Inc (NYSE:GRUB), electronic payments processor VeriFone Systems Inc (NYSE:PAY), and telecom concern QUALCOMM, Inc. (NASDAQ:QCOM)Here's a quick roundup of today's bearish brokerage notes on GRUB, PAY, and QCOM.

  • GRUB has lost one-third of its value in 2015 to trade at $24, and just touched a record low of $22.49 yesterday. That trend could continue today, with the stock down 2.1% in electronic trading, after Northland Capital downgraded its rating to "market perform" from "outperform." Meanwhile, traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have been rolling the dice on downside for GrubHub Inc. The stock's 10-day put/call volume ratio across these exchanges comes in at 3.50 -- just 2 percentage points from an annual peak.
  • PAY is up 0.3% pre-market, despite receiving a price-target cut at Jefferies (to $40) and Imperial Capital (to $32). Longer term, it's been a struggle for the shares, which yesterday panned an annual low of $24.52 before settling at $26.49. Option traders and short sellers alike are counting on downside for VeriFone Systems Inc. The stock's 10-day ISE/CBOE/PHLX put/call volume ratio of 0.49 rests in the 84th percentile of its annual range. Likewise, PAY's short-interest ratio checks in at 5.10, meaning it would take over one week to buy back all of its shorted shares, at average daily volumes.
  • QCOM, which touched a five-year low of $45.93 on Monday, was hit with price-target cuts at Cowen and Company, Barclays, Credit Suisse, and Topeka Capital after the company said yesterday it will not break up. At the same time, however, Pacific Crest bumped its price target to $65 from $64. It's not hard to understand the skepticism swirling around QUALCOMM, Inc., as it's plummeted over 35% in 2015 to trade at $48.02. Things look markedly different in the options pits, however. Across the ISE, CBOE, and PHLX, traders have bought to open 5.26 QCOM calls for every put during the last two weeks, and the corresponding call/put volume ratio ranks in the 93rd percentile of its annual range.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI