The analysts concluded that the decline in traffic following its rebrand presents a risk.
#DOWNLOAD FREE ZIP SHARE DRIVER#
In our view, increasing app usage has been a key driver of Zip’s TTV growth in the US in recent quarters – app usage has remained stable in recent months which suggests that overall transaction volumes may not be impacted. In its note to clients, Citi analysts wrote:Īpp downloads seem to be less impacted, however total app downloads declined for the 5th consecutive month which points to downside risks to our customer growth forecasts. Taking a look for ourselves, Similarweb shows web traffic for Quadpay dropping from 3.75 million in July to 2.04 million in August.Īlthough, the analysts considered that perhaps transaction volume is not significantly impacted if app usage remains elevated. While app downloads have been impacted to a lesser extent, traffic to the website has declined rapidly. This brings us to an analysis conducted by Citi, putting the Zip share price in focus on Friday.Īccording to Citi, since Quadpay has been rebranded to Zip web traffic and app downloads have slumped. Understandably, shareholders and analysts would be keeping a close eye on how Zip’s US operations are tracking. Meanwhile, Zip’s US segment experienced a 269% increase in pro-forma revenue year-over-year. To illustrate the importance of its US operations, in the last financial year, the company’s Australia and New Zealand operations grew by 40% in terms of revenue. Since then, the Quadpay business has been a growth engine for the BNPL competitor. The company initially acquired Quadpay in September 2020.
#DOWNLOAD FREE ZIP SHARE UPDATE#
In July, Zip released a quarterly update noting its plans to rebrand its Quadpay business as Zip in August. Here’s a look at what analysts think of the latest change in tack for Zip’s US operations.
![download free zip share download free zip share](https://softmany.com/wp-content/uploads/2020/05/7-zip-download.jpg)
It has been a testing month for Zip investors, with the value of their holdings falling 14% over the past 30 days. However, shares are bouncing back in early trade today, swapping hands for $6.89 at the time of writing. At the end of the session, the Zip share price stood at $6.69. Shares in the buy now, pay later (BNPL) company slipped 2.48% yesterday. Recent insights shared by a leading broker have cast doubts on the rebranding of Quadpay in the United States.
![download free zip share download free zip share](https://repacklab.com/wp-content/uploads/2022/07/Dinkum-Free-Download-Repacklab-5.jpg)
The Zip Co Ltd (ASX: Z1P) share price is back in focus on Friday morning.