Zip Co Ltd (ZIP)
Hi, Market Matter sold out of ZIP at around $3.00 they have had it on there hit list in Emerging Companies Portfolio for a while it has been down as far as a $1.30 I was curious in why you haven’t pushed the buy button.
The Latest Q&A
Answer
Hi Wayne,
We have been looking for some stability in the “Buy Now pay Later” company’s share price and solid news operationally after the stocks tough 6 months. This weeks trading update was encouraging and we’re closer to re-entering the stock:
- The company reconfirmed its FY25 guidance for cash EBTDA of at least $153 million.
- Total Transactional Value (TTV) for the March quarter was $3.3bn, up nearly 36% YoY.
- FY25 operating margin of 14.2% v 7.9% in FY24 was a positive.
We liked the company’s update and outlook with it saying the operating environment in the US is continuing to evolve.
