GBA Presents: THE GREEN MARKET

I've been trying to figure out whether I like share-sized bags of peanut m&m's better or yucky mint m&m's, then pretzel m&m's -- my wife screamed at me last night: "We'll you just buy regular m&m's!"

I think there's a stock buying analogy in there somewhere.
 
I'm surprised none of you got the musical clue a few pages back-- New album by The Green a great group. And Some punk song called " Sweet "

Put that togethr and you get SWEETGREEN!
 
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Several analyst firms initiated coverage on Rent The Runway Inc (NASDAQ: RENT) with a huge upside to the company's price target. Rent the Runway is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories.

  • Goldman Sachs analyst Eric Sheridan initiated coverage with a Buy rating and $25 price target, implying a 54.32% upside. Sheridan noted as the post-pandemic world normalizes, Rent The Runway will be a key beneficiary of "return to work" as subscriber levels return to pre-pandemic levels.

  • Barclays analyst Ross Sandler initiated coverage with an Overweight rating and $25 price target.

  • The analyst viewed Rent as a "venture capital style investment," adding the company has "barely scratched the surface" of its potential subscriber base, and generated around $200 million in revenue per 100,000 subscribers.

  • Credit Suisse analyst Michael Binetti initiated coverage of the company with an Outperform rating and $20 price target, implying a 23.5% upside.

  • The analyst's survey indicated strong interest in trying rental subscriptions from women who want to add designer brands to their day-to-day wardrobe but can't afford to in a traditional owned-apparel model.

  • Piper Sandler analyst Erinn Murphy initiated coverage of Rent The Runway with an Overweight rating and $22 price target, implying a 35.8% upside.

  • Murphy told Rent the Runway plays into several secular investment themes, including the shift of apparel spending online, the move from ownership to access via subscription, and the sharing economy.

  • Wells Fargo analyst Ike Boruchow initiated coverage with an Overweight rating and a $22 price target.

  • While the re-commerce space has gained attention over the past few years, Boruchow sees Rent The Runway as an attractive opportunity to tap into the disruptive rental sub-sector of the apparel industry.

  • Boruchow thinks the company will benefit from industry growth, company specific efforts to drive trial and repeat users via marketing and category expansion, and most notably, various margin drivers that can drive meaningful scale over time.

  • KeyBanc analyst Edward Yruma initiated coverage with an Overweight rating and a $21 price target, suggesting a 29.6% upside. Yruma notes that KeyBanc's Key First Look Data points to near-term subscriber momentum.

  • JMP Securities analyst Andrew Boone initiated coverage with an Outperform rating and $21 price target.

  • Boone notes that the company is democratizing access to designer fashion with its "closet in the cloud" that gives customers a rotating wardrobe of 1.4M items across 18,000+ styles and 750+ brands.

  • Morgan Stanley analyst Lauren Schenk initiated coverage with an Overweight rating and a $28 price target.

  • Telsey Advisory analyst Dana Telsey initiated coverage with an Outperform rating and a $21 price target.
 
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New Stock Picks of Billionaire Mario Gabelli



New Stock Picks of Billionaire Mario Gabelli


TravelCenters of America Inc. (NASDAQ:TA)
Number of Hedge Fund Holders: 7

TravelCenters of America Inc. (NASDAQ:TA) owns and runs travel centers and standalone restaurants across the United States and Canada. According to regulatory filings, GAMCO Investors owned 33,120 shares in the company at the end of September 2021 worth $1.6 million.

B Riley analyst Bryan Maher Travel recently reiterated a Buy rating on TravelCenters of America Inc. (NASDAQ:TA) stock and raised the price target to $62 from $48, noting the strong earnings beat of the firm in the third quarter and several upcoming catalysts.

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Nantahala Capital Management is a leading shareholder in TravelCenters of America Inc. (NASDAQ:TA) with 1.2 million shares worth more than $63 million.

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $78 million in TravelCenters of America Inc. (NASDAQ:TA), down from 10 in the previous quarter worth $88 million.

Five9, Inc. (NASDAQ:FIVN)
Number of Hedge Fund Holders: 45
Five9, Inc. (NASDAQ:FIVN) markets cloud services for contact centers. The company recently beat market estimates on earnings per share and revenue for the third quarter and was named among a list of top software ideas by Baird that look set to capitalize on strong operating trends in the industry.

The hedge fund of billionaire Mario Gabelli owned over 2,300 shares of Five9, Inc. (NASDAQ:FIVN) at the end of the third quarter of 2021 worth more than $367,000, representing a very small portion of the total portfolio of the fund.

At the end of the second quarter of 2021, 45 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Five9, Inc. (NASDAQ:FIVN), the same as in the preceding quarter worth $1.6 billion.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Alkeon Capital Management is a leading shareholder in Five9, Inc. (NASDAQ:FIVN) with 3 million shares worth more than $480 million.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Five9, Inc. (NASDAQ:FIVN) was one of them. Here is what the fund said:

“Five9 is a cloud-based contact center as a service software provider that is replacing aging on-premise legacy solutions that dominate the installed base. Companies are being forced to modernize and cloud penetration is still low; Five9 is positioned to benefit and should see further growth driven by its cross-selling add-on modules and an AI product that generates high revenue.”
 
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