Analyst praises Intuit's Mailchimp acquisition despite lofty price tag [MarketWatch]
Intuit Inc. (INTU)
Last intuit inc. earnings: 2/24 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.intuit.com
Company Research
Source: MarketWatch
J.P. Morgan Chase & Co. analyst Sterling Auty on Tuesday said Intuit Inc.'s acquisition of marketing automation company Mailchimp may "raise eyebrows" because of the deal's $12 billion price tag but it shows that the company "is not monkeying around" when it comes to growth. "We believe this is an excellent strategic move as it brings in a nicely profitable asset growing faster than the corporate average and further strengthens Intuit's overall small business product portfolio," Auty said in a note to clients. Intuit said the acquisition should be accretive to fiscal 2022 results. The acquisition price amounts to 13 times Mailchimp's estimated 2021 revenue. Based in Atlanta, Mailchimp's legal name is Rocket Science Group LLC. Shares of Intuit rose 0.4% in pre-market trades on Tuesday. Reports surfaced earlier this month of the pending sale of Mailchimp for about $10 billion.
Show less
Read more
Impact Snapshot
Event Time:
INTU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INTU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INTU alerts
High impacting Intuit Inc. news events
Weekly update
A roundup of the hottest topics
INTU
News
- Intuit Inc. (NASDAQ: INTU) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- The Science of Loyalty: Intuit Mailchimp's New Global Study Uncovers Fundamental Drivers of Consumer Behavior and Decision-Making Towards Brand Loyalty [Yahoo! Finance]Yahoo! Finance
- The Science of Loyalty: Intuit Mailchimp’s New Global Study Uncovers Fundamental Drivers of Consumer Behavior and Decision-Making Towards Brand LoyaltyBusiness Wire
- Intuit Mailchimp and Fast Company Announce the Forward Awards to Recognize the Best in Email Marketing [Yahoo! Finance]Yahoo! Finance
- Intuit Mailchimp and Fast Company Announce the Forward Awards to Recognize the Best in Email MarketingPR Newswire
INTU
Earnings
- 2/22/24 - Beat
INTU
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- INTU's page on the SEC website