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XOOM $24.91

XOOM target price
24.91
0
0
Xoom Corporation
Type
Subsidiary of PayPal
Traded as Part of NASDAQ: PYPL (Earlier: NASDAQ: XOOM)
Industry Remittances
Founded 2001
Founder Kevin Hartz, Alan Braverman
Headquarters San Francisco, California, United States
Key people
Roelof Botha, (Chairman)
John Kunze, (CEO)
Products Financial services
Number of employees
300+ (2015)
Parent PayPal (2015–present)
Website www.xoom.com

Xoom Corporation, also Xoom, a PayPal Service is a digital money transfer or remittance provider that allows consumers to send money, pay bills and reload mobile phones from the United States to 52 countries, including China, India, Guyana, Pakistan, Mexico and the Philippines. The company was founded in 2001, is based in San Francisco, CA, and has an office in Guatemala City, Guatemala. Xoom was an independent publicly traded company and was initially backed by venture firms including Sequoia Capital, New Enterprise Associates, SVB Capital, and Fidelity Ventures. On July 1, 2015, PayPal announced that it intended to spend $25 a share in cash, or about $1.09 billion, to acquire Xoom Corporation. The deal closed in November 2015.

Xoom offers money transfer services, primarily from one person to another, in many countries worldwide. Money is sent securely through a desktop and mobile site as well as a mobile app. Money sent by Xoom may be received in cash at banks and various other businesses depending on the recipient's location, as well as by deposit to bank accounts. Users pay for the service using funds paid by direct debit to their U.S. bank account, a credit card, or a debit card. The Xoom fee varies based on the method of payment. Payment by direct debit to a bank account is the least expensive, while the fee payment by a debit card or credit card are much higher and are based in part on the amount being sent. Xoom acknowledges that it also makes money on the currency exchange, but the exchange rates are favorable to many other alternatives. The service employs a variety of methods to assure the integrity of users' accounts as well as to prevent fraud and money laundering. These methods include identity verification and limits on the amounts that can be transferred on per day, per month, and per 180-day period. Generally speaking these limits make it difficult or impossible to use Xoom for substantial payments. In addition banks or businesses may impose their own limits on the amounts someone may receive in a given period of time.

Customers can use Xoom to recharge prepaid mobile phones in select countries.

Customers can use Xoom to pay electricity, telephone, gas, and more bills in select foreign countries. With the Xoom bank deposit service, consumers can send money directly to bank accounts in various countries, and the company also offers cash pickup services to select foreign countries as well. Some countries also offer home delivery services.

Xoom is certified by TRUSTe as a licensee of the TRUSTe® Privacy Seal Program, is an accredited business of the Better Business Bureau, and operates its website using the verified by Verisign seal.

On September 28, 2007, Xoom closed a first E-series round of financing for $20 million. On March 25, 2010, Xoom closed an F-series round of financing for $33 million. The company went public on February 15, 2013.

In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers as having the "highest consumer satisfaction ratings in transparency of the fee, transparency of the foreign exchange, and value".

In March 2011 and in September 2012, Xoom was listed in the Wall Street Journal's annual "Next Big Thing List" list of the 50 most promising venture backed companies.

In October 2012, in a follow up survey by the Inter-American Dialogue of 51 remittance service providers for the US to Latin America market, Xoom received the top score, using a variety of factors including countries served, fees, FX, network, and inclusiveness.

On July 1, 2015, PayPal announced that it planned to acquire Xoom corporation. PayPal intended to spend $25 a share in cash to acquire the publicly traded Xoom, or about $1.09 billion. The deal closed in November 2015. The move strengthened PayPal’s international business, giving it access to Xoom’s 1.3 million active U.S. customers that sent about $7 billion in the 12 months ending on March 31, 2015 to people in 38 countries.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-08-04 Downgrade Barclays Overweight to Equal Weight $20.00 to $24.00
2015-08-04 Downgrade Barclays PLC Overweight to Equal Weight $20.00 to $24.00
2015-07-02 Downgrade Buckingham Research Buy to Neutral $32.00 to $25.00
2015-07-02 Upgrade Compass Point Sell to Neutral $11.00 to $25.00
2015-07-02 Downgrade Robert W. Baird Outperform to Neutral $24.00 to $25.00
2015-07-02 Boost Price Target Stifel Nicolaus Buy $23.00 to $25.00
2015-06-29 Downgrade Susquehanna Positive to Neutral $31.00 to $24.00
2015-04-29 Set Price Target Compass Point Sell $10.00 to $11.00
2015-04-29 Boost Price Target Needham & Company LLC Buy $23.00 to $25.00
2015-04-16 Initiated Coverage Macquarie Outperform $20.00
2015-02-11 Lower Price Target Stifel Nicolaus Buy $25.00 to $23.00
2015-02-11 Lower Price Target Compass Point Sell $11.00 to $10.00
2015-01-12 Lower Price Target Barclays Overweight $25.00 to $20.00
2015-01-06 Lower Price Target Needham & Company LLC Buy $28.00 to $23.00
2015-01-06 Downgrade Monness Crespi & Hardt Buy to Neutral $30.00 to $18.00
2015-01-05 Initiated Coverage Stifel Nicolaus Buy $25.00
2014-12-17 Upgrade Evercore ISI Sell to Hold $10.00 to $14.00
2014-11-21 Initiated Coverage Compass Point Sell $11.00
2014-11-17 Lower Price Target Monness Crespi & Hardt Buy $36.00 to $30.00
2014-10-29 Reiterated Needham Buy $40 to $28
2014-10-29 Lower Price Target Needham & Company LLC Buy $40.00 to $28.00
2014-10-06 Downgrade Evercore ISI Equal Weight to Underweight $15.00 to $10.00
2014-07-23 Lower Price Target Susquehanna Positive $38.00 to $31.00
2014-07-23 Reiterated Rating SunTrust Buy $40.00 to $32.00
2014-07-23 Reiterated Rating SunTrust Banks Inc. Buy $40.00 to $32.00
2014-07-10 Initiated Coverage First Analysis Overweight $30.00
2014-06-27 Initiated Coverage Portales Partners Sector Perform
2014-06-18 Initiated Coverage Monness Crespi & Hardt Buy $36.00
2014-04-23 Boost Price Target SunTrust Buy $33.00 to $40.00
2014-04-16 Upgrade Evercore ISI Underweight to Equal Weight $15.00
2014-04-14 Initiated Coverage Buckingham Research Buy $32.00
2014-03-05 Initiated Coverage Evercore ISI Underweight $15.00
2014-01-27 Upgrade Raymond James Market Perform to Strong-Buy $33.00
2013-10-23 Reiterated Rating Needham & Company LLC Buy $35.00 to $40.00
2013-10-21 Initiated Coverage SunTrust Buy $45.00
2013-10-10 Upgrade Susquehanna Neutral to Positive $28.00 to $38.00
2013-07-25 Reiterated Needham Buy $27 to $35
2015-08-04 Downgrade Barclays Overweight to Equal Weight $20.00 to $24.00
2015-08-04 Downgrade Barclays PLC Overweight to Equal Weight $20.00 to $24.00
2015-07-02 Downgrade Buckingham Research Buy to Neutral $32.00 to $25.00
2015-07-02 Upgrade Compass Point Sell to Neutral $11.00 to $25.00
2015-07-02 Downgrade Robert W. Baird Outperform to Neutral $24.00 to $25.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In XOOM 0 funds of 2216 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
FMR LLC Edward C. Johnson 3d 6.86%  (2619036) EXA / GNRC / GTAT / INSM / IRWD / MNLO / SURF / TTPH / XOOM /
NEW ENTERPRISE ASSOCIATES 11 LP 5.86%  (2239385) ADNC / DATA / INWK / SUPN / XOOM /