We share weekly commentaries with investors on stocks in our strategies that have appreciated or dropped more than 15% in a day during the course of the week. We hope you find this commentary useful.
Adaptive Biotechnologies (ADPT)
Shares of Adaptive Biotechnologies (ADPT) traded up 15% on Monday in a broad market rally. A leading immunogenomics company focused on understanding the adaptive immune system, Adaptive aims to detect disease by leveraging its rich immunogenomics library, machine learning expertise, and synthetic biology experience.
Shares of Arcturus Therapeutics (ARCT) traded up 17% on Monday after reporting that its phase 1/2 booster trial of ARCT-154 and ARCT-165 neutralized antibody responses against the COVID-19 omicron variant.
Shares of PayPal (PYPL) traded down nearly 25% on Wednesday after the company released fourth quarter results that surpassed analysts’ revenue estimates but missed not only earnings per share but also payment volumes and net new active users. PayPal's management plans to shift its focus from maximizing the number of net new active users toward monetizing existing users. PayPal is a leading payments company serving merchants and consumers globally.
Shares of Spotify (SPOT) traded down nearly 17% on Thursday after the company reported fourth quarter earnings. Although revenues grew 24% year-over-year and user growth met management’s 18% growth expectation, monthly active user (MAU) guidance for the first quarter fell short of analyst expectations. Spotify provides global audio streaming music and podcast services, including both paid and free ad-supported subscription tiers.
Shares of Bill.com (BILL) traded up 36% on Friday after the company released fiscal second quarter results that surpassed analyst estimates. Organic revenue growth accelerated from 78% in the fiscal first quarter to 85% in the second. Bill.com also announced a distribution partnership with Bank of America. A business-to-business (B2B) payments provider, Bill.com serves small and medium sized businesses (SMBs).
Shares of Snap (SNAP) traded up 58% on Friday after dropping nearly 24% on Thursday ahead of fourth quarter earnings that surpassed expectations. Revenues surged 43% year-over-year and daily active users, 20%. Last October, analysts lowered expectations after Snap’s management expressed concerns about the impact of Apple’s rollout of Identifier-for-Advertisers (IDFA) which, apparently, has been better-than-feared and much better than that on Meta Platforms. Snap offers a short-form video and photo-based social platform that leverages location-based discovery, digital commerce, and entertainment.
Shares of Unity Software (U) traded up 17% on Friday after reporting fourth quarter earnings. The company reported year-over-year revenue growth of over 43%, beating analyst expectations by $20 million, and management provided stronger-than-expected revenue guidance for the 2022 fiscal year, forecasting annual revenue between $1.485 and $1.505 billion, higher than the $1.450 billion consensus. Unity provides collaborative software to develop real-time 2D and 3D assets for applications in simulations, digital twins, game development, and AR/VR use cases.
注: Shares of Unity Software（U）的股票周五在公布第四季度收益后交易量上升了17%。该公司报告的收入同比增长超过43%，比分析师的预期高出2000万美元，管理层为2022财年提供了强于预期的收入指导，预计年收入在14.85亿至15.05亿美元之间，高于14.5亿美元的共识。Unity提供协作软件，为模拟、数字双胞胎、游戏开发和AR/VR用例的应用开发实时2D和3D资产。