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The Netwealth Group Ltd (ASX: NWL) share price charged 9% higher to a record high of $17.42 on Thursday morning following the release of its first quarter update.

The investment platform provider’s shares have dropped back a touch since then but are still up 5% to $16.72 at the time of writing.

How did Netwealth perform in the first quarter?

During the three months ended 30 September, Netwealth recorded an 8% or $2.5 billion increase in funds under administration (FUA). This was driven by net inflows of $1.9 billion and favourable market movements of $0.6 billion.

Netwealth’s net inflow of $1.9 billion was an increase of $0.4 billion or 29.1% on the prior corresponding period.

Also increasing during the quarter was the company’s funds under management (FUM). At the end of September, its FUM stood at $8.1 billion, up $0.8 billion for the quarter. This includes Managed Account net inflows of $0.7 billion.

This means the company’s Managed Account balance has now reached $6.5 billion, up 109.7% on the prior corresponding period.

How does its growth compare to its rivals?

According to the release, the latest Strategic Insights platform market update shows that Netwealth is growing more than rivals such as HUB24 Ltd (ASX: HUB) and Praemium Ltd (ASX: PPS).

For the quarter ending 30 June 2020, Netwealth recorded the largest quarterly FUA net inflows of $1.5 billion. This was 40% higher than its nearest competitor.

It was the same story for its 12 month rolling net inflows. The company’s FUA net inflows came in at $9.1 billion for the 12 months to 30 June. This means Netwealth had the highest 12-month net fund flows for the ninth consecutive quarter.

This has helped increase Netwealth’s market share to 3.8%, up 1.1% for the year. Which makes the company the 7th largest platform provider in the market today.

No guidance was provided for either the remainder of the first half or FY 2021.

More reading

• Why Galaxy (ASX:GXY) and these ASX shares just hit new highs
• ASX 200 drops 1.2%, Mineral Resources (ASX:MIN) fell 9%
• Netwealth share price on watch after strategic investment in Xeppo

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Hub24 Ltd and Praemium Limited. The Motley Fool Australia owns shares of Netwealth. The Motley Fool Australia has recommended Hub24 Ltd and Praemium Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Volpara Health Technologies Ltd (ASX: VHT) share price has surged 5.47% to $1.44 this morning. This follows a positive business update for Q2. Let’s see how Kiwi medtech company finished off the first half of FY21.

Strong Q2 performance

Volpara announced a record performance in the second quarter for FY21. Annual recurring revenue (ARR) jumped to NZ$19.9 million, adding NZ$850,000 on the prior corresponding period. This was underpinned by a mix of significant upsells and new contract wins.

Volpara highlighted that the increase in ARR was driven by deals completed through its major original equipment manufacturer (OEM) partners. Most notably, Fuji Medical & GE Healthcare, were selling Volpara software with their x-ray machines.

The average revenue per user (ARPU) also rose to US$1.16, a jump of 6% from Q1 FY21. A large portion of these contracts in the Q2 period ranged from US$1.75 to US$4.30. Volpara advised that this was helped by the increased sales of its integrated breast care platform.

In addition, the company advised that at least one of its software products was used by 27% of women in the United States. Volpara noted a slight drop over the quarter due to COVID-19-related cost pressures, with customers opting for generic breast cancer screening. To combat the competitor threat, the company said it was advancing the integration of a breast care platform.

What did the CEO say?

Volpara CEO Dr Ralph Highnam welcomed the result. He said:

This was a very strong Q2 and was particularly pleasing for the company, given we made a substantial change to our marketing strategy and reshaped our US commercial team midway through the quarter. The momentum we now have, with the expanded digital marketing and increasing OEM interest, bodes well for the rest of the year.

COVID-19 has been challenging for many companies, so I’m very pleased with how we’ve adapted to the ‘new normal’. We now intend to accelerate our plans around upselling the installed base to migrate our customers to SaaS contracts and the powerful new integrated breast care platform we’ve now formally released. That platform is a game-changer for radiology practices.

Volpara share price summary

The Volpara share price hasn’t moved much since its dramatic fall in March, reaching 79 cents. With a market capitalisation of $343 million, Volpara is still a long way off its 52-week high of $2.17 achieved in late 2019. The company’s shares finished trading yesterday at $1.37.

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Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of VOLPARA FPO NZ. The Motley Fool Australia has recommended VOLPARA FPO NZ. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The stock of Netflix (NASDAQ: NFLX) has been one of the undisputed winners this year, having jumped 56% so far in 2020, but will surge to new all-time highs over the course of the coming year.

So says Pivotal Research analyst Jeffrey Wlodarczak. On Wednesday, Wlodarczak raised his price target from $600 to $650, a high among the analysts who cover Netflix, while maintaining his buy rating on the stock. His new target represents potential gains for investors of about 28% over the closing price on Monday, roughly $506. 

Wlodarczak cited the ‘virtuous cycle’ as the catalyst to drive Netflix’s growth. Current subscribers are helping finance the company’s spending on new programming, which ultimately brings in new paying customers. This ongoing cycle will help Netflix maintain its position “as the dominant subscription-video-on-demand player for the foreseeable future,” Wlodarczak wrote in a note to clients.

He also highlighted Netflix’s unrivaled pricing power as an important component of the company’s success. “We expect further material price increases, while also still substantial increases in subscriber totals, and eventually a rapid expansion in (Netflix’s) profitability reaching an ultimate about 35% (profit) margin by 2026,” he said.

Will Netflix’s stock price ultimately hit $650? The evidence suggests that Wlodarczak’s thinking is right on the money. Streaming has seen greater adoption since the onset of the pandemic, with Netflix gaining nearly as many subscribers through the first half of 2020 as it did all of last year. 

And with many of the company’s production facilities temporarily shuttered, Netflix’s net income surged higher and its negative cash flow turned positive. This helps buttress the argument that the tech giant will be able to rapidly increase its profits and positive cash flow once it decides to slow the rate of its content creation.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• Better buy: Amazon vs Netflix

Danny Vena owns shares of Netflix. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Netflix. The Motley Fool Australia has recommended Netflix. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Sezzle Inc (ASX: SZL) share price is storming higher in morning trade following the release of its third quarter update.

At the time of writing the buy now pay later provider’s shares are up 11% to $8.88.

How did Sezzle perform in the third quarter?

For the three months ended 30 September, the Afterpay Ltd (ASX: APT) rival reported a sizeable 231.5% year on year increase in underlying merchant sales (UMS) to US$228 million (A$318 million).

According to the release, Sezzle’s average monthly UMS reached US$76.1 million in the third quarter, up from US$62.7 million in the second quarter and US$22.9 million during the prior corresponding period.

This was driven by a 178.1% year on year increase in active customers to 1.79 million and a 178.3% lift in active merchants to 20,890.

Another positive was its repeat usage metric, which shows that Sezzle’s customers are using its platform more frequently. It reported active customer repeat usage of 89%, which is the 21st consecutive month of repeat usage growth.

Management notes that this has been a key driver of lowering its loss rates and enhancing its net transaction margin. While no loss rate data was provided with its update, the company advised that “leading loss indicators have stabilized to better than pre-COVID levels.”

Sezzle’s Executive Chairman and CEO, Charlie Youakim, was pleased with the company’s performance during the quarter.

He commented: “We are excited to produce another record quarter of results as our product offering continues to prove its resiliency as well as its necessity during these difficult times. Our strong performance in 3Q is reflective of an improving Sezzle consumer profile along with the continued acceleration of eCommerce in the marketplace.”

Outlook.

The company has reiterated its UMS guidance of achieving an annualised run rate in excess of US$1 billion by the end of 2020.

In fact, it finished the third quarter just shy of this target at US$985.9 million, so it appears highly likely that Sezzle will smash this guidance. Especially given the upcoming holiday season.

More reading

• Sezzle (ASX:SZL) share price shoots higher on Target USA news
• ASX 200 jumps 2.4% higher, numerous shares rise
• Why Afterpay, Nufarm, PolyNovo, & Sezzle shares are racing higher today
• Sezzle (ASX:SZL) share price on watch after announcing Ally Lending partnership
• The Sezzle (ASX:SZL) share price is up 15% this week

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Catapult Group International Ltd (ASX: CAT) share price is pushing higher on Thursday after the announcement of two new product launches.

At the time of writing, the sports analytics and wearables company’s shares are up over 4% to $2.19.

What did Catapult announce?

This morning Catapult announced the launch of two new customer-facing solutions to support American football teams as they return to play amidst new COVID 19 restrictions.

These solutions provide teams with cloud-based full-resolution video analysis and a new seamless indoor-outdoor experience for American Football.

The latter cleverly allows teams to transition between global positioning system (GPS) and local positioning system (LPS) tracking in a single session. Management notes that this is revolutionary for teams that track different training groups concurrently within each environment.

The new cloud based full-resolution video analysis solution complements the company’s pro tactics and coaching product, Thunder.

This product is used by the majority of coaches and front office staff of NFL and NCAA college football teams. The new solution will allow them to utilise Thunder from home and on-the-go. This could prove valuable given the changing workflows due to the COVID 19 pandemic.

“Driving future growth.”

Catapult’s Chief Commercial Officer, Matt Bairos, believes that the deployment of three high impact solutions going into an unprecedented American football season is a great example of Catapult driving future growth and building on its industry-leading position.

He commented: “We are committed to innovating on behalf of our customers and helping them build a greater understanding of their player performance. We understand the workflow of our customers intimately and, with the challenges presented by COVID-19, we are proud of the speed with which we have been able to deliver solutions which empower athletes and teams during these unusual times.”

More reading

• Catapult (ASX:CAT) share price charges higher on French Rugby deal
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Catapult Group International Ltd. The Motley Fool Australia has recommended Catapult Group International Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The BINGO Industries Ltd (ASX: BIN) share price has been a positive performer on Thursday morning.

At the time of writing the waste management company’s shares are up 2.5% to $2.75.

Why is the BINGO share price pushing higher?

This morning BINGO provided an update on its funding and current trading conditions.

In respect to its funding, the company revealed that it has secured the refinancing of its $500 million Syndicated Facility Agreement (SFA), which was due to mature on 31 August 2021.

Management believes the enhanced flexibility and capacity within the facility will provide greater opportunity for growth. Especially given how it provides additional covenant flexibility which will enable BINGO to increase its debt capacity as its earnings grow.

BINGO’s Chief Financial Officer, Chris Jeffrey, commented: “We’re pleased to have secured a successful debt refinancing in a challenging operating environment. The new facility is more consistent with BINGO’s current scale and credit profile. This further demonstrates the strength of BINGO’s business model and underlines the ongoing support we have from our expanded lending group.”

What about trading conditions?

According to the release, the waste management company has started FY 2021 positively.

BINGO’s key Post-Collections business, which accounts for approximately 72% of Group EBITDA, has continued its strong momentum in volumes throughout the first quarter.

Management notes that July and September were record months for volumes, with September average daily volumes 5% higher than July 2020.

However, things aren’t quite as positive for the Collections business. It advised that average daily Collections volumes continue to be affected by the ongoing impacts of COVID-19 on its Victorian Building and Demolition (B&D) business and the whole Commercial & Industrial (C&I) business.

As a result, total daily volumes across the first quarter of FY 2021 were 10% to 15% below pre-COVID-19 levels.

Pleasingly, volumes have improved slightly in September and the company anticipates further improvement in activity as COVID-19 restrictions are lifted. And while prices remain below pre COVID-19 levels, they have remained relatively stable across the business, with a modest uplift occurring in September.

Speaking about the rest of FY 2021, BINGO’s Managing Director and CEO, Daniel Tartak, commented: “Our views on the outlook for FY21 remain unchanged. While we have started the year well we expect COVID-19-related economic and market headwinds may continue to impact the business in FY21 and cause a softening in parts of our addressable market versus the prior year.”

More reading

• Why the Sezzle (ASX:SZL) share price is surging 11% higher today
• Here’s what is driving the Catapult (ASX:CAT) share price higher today
• Top ASX growth shares to buy in October 2020
• 3 reasons why ASX lithium shares can surge in 2021
• Budget 2020: Why the Woolworths (ASX:WOW) share price can soar

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Along with our Top ASX Stock Picks for October, we also asked our Foolish writers to pick their favourite ASX growth shares to buy this month.

Here is what the team have come up with…

Glenn Leese: Atomo Diagnostics Ltd (ASX: AT1)

Atomo designs, develops, manufactures and sells medical devices for rapid, blood-based testing. The company’s products are marketed for both personal and professional use and, I believe, have huge potential in the fight to get society ‘back to normal’ in the wake of the pandemic.

Atomo has developed a rapid antibody test identifying people that have previously contracted coronavirus. The product determines a test subject’s potential immunity within just 15 minutes using a single drop of blood. With regulatory approval received in Australia and Europe, the company is now seeking further approvals in the United States, Canada, Mexico and India.

India is currently experiencing high rates of daily COVID-19 infections. Atomo has partnered with Indian diagnostic company, DIVOC Laboratories, to provide up to 77,000 test kits to Indian government and corporate customers, with potentially millions more to come.

Motley Fool Contributor Glenn Leese owns shares of Atomo Diagnostics Ltd.

More reading

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• 3 ASX shares to buy in a US election selloff
• ASX 200 up 0.4%: Big four banks push higher, Westpac upgraded, ARB impresses
• Why BHP, Estia Health, Newcrest, & Starpharma shares are dropping lower

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AUDINATEGL FPO, PUSHPAY FPO NZX, and Xero. The Motley Fool Australia owns shares of BETA CYBER ETF UNITS. The Motley Fool Australia has recommended AUDINATEGL FPO, PUSHPAY FPO NZX, and Sky City Entertainment Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX lithium shares have been something of a perennial disappointment. Many of the top companies have had a lot of potential without delivering the returns investors are after.

Here’s why that could be about to change in 2021.

3 reason why ASX lithium shares can surge in 2021

1. Prices appear to be stabilising

With the benefit of hindsight, lithium pricing around 2015 was pretty crazy. There was something of a bubble as everyone expected it to be the next big thing, largely through electric vehicles and battery storage.

However, lithium prices have fallen significantly and appear to be finally stabilising. That’s good news for producers who can more reliably predict future revenues with less volatility in commodity prices.

The Pilbara Minerals Ltd (ASX: PLS) and Orocobre Limited (ASX: ORE) share prices have fallen in recent years almost in step with lithium prices.

Any rebound in pricing would be good news, but I think stability is the key as investors can rebase their expectations for the ASX lithium shares.

2. Demand is starting to ramp up

According to a report by the International Energy Agency, electric vehicles accounted for ~1% of global car stock in 2019, up 40% from 2018. 

I think demand is slowly starting to pick up and a rejuvenated Tesla Inc. (NASDAQ: TSLA) is a key cog. Tesla is finally making waves after years of production promises and ramp-up. 

That’s not to say that Tesla is out of the woods yet, but I’m cautiously positive about its sales and production pipeline.

If demand for electric vehicles (EVs) continues to grow, I think ASX lithium shares can benefit from stronger pricing and more absorption of volume.

3. Government support remains strong globally

There’s also the potential for the coronavirus pandemic to actually have a positive effect on pricing. As governments worldwide look to stimulate their economies with more EV investment, that could drive up demand even further.

There have been a number of key initiatives announced which are good for ASX lithium shares and their potential earnings.

Atlassian co-founder Mike Cannon-Brookes is in talks with Elon Musk for a second major battery storage project. This comes after the 2017 Hornsdale Power Reserve which is the largest lithium-ion battery in the world.

Overseas, Britain is looking at banning the sale of new petrol, diesel or hybrid cars by 2035. That would boost demand for EVs and drive up demand for the commodity which is good news for ASX lithium shares.

More reading

• Is the run over for ASX lithium shares after Tesla’s battery day? 
• How Elon Musk’s Tesla delivered a body blow to these ASX stocks
• Elon Musk’s ‘Battery Day’ could see these ASX mining shares soar, and volatility hits the markets
• ASX shares Tesla (NASDAQ:TSLA) needs to survive
• These are the 10 most shorted ASX shares

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woolworths Group Ltd (ASX: WOW) share price has been a strong performer this year. But thanks to Tuesday’s Federal Budget, I think it could be set to soar in the next 12 to 18 months.

How has the Woolworths share price performed this year?

Shares in the ASX conglomerate have edged 2.3% higher this year after rocketing in the March bear market. It may not sound like much, but that means Woolworths has outperformed the S&P/ASX 200 Index (ASX: XJO) by 12.1% in 2020.

Strong sales from its supermarkets division have been key to offsetting weak performance in its pubs business caused by the coronavirus pandemic.

A 2.3% gain is good news for shareholders but I think it could be just the start of a strong run for the Woolworths share price.

Why the ASX conglomerate share can surge next year

Tuesday’s Federal Budget contained some great news for businesses like Woolworths and competitor Coles Group Ltd (ASX: COL).

The government unveiled its $74 billion JobMaker hiring scheme designed to reduce unemployment. A cornerstone of that scheme is incentives and subsidies to hire unemployed young workers which would slash wage costs for participating companies.

For businesses like Woolworths and Coles that have a significant young workforce, that is great news for the bottom line. Reduced expenses means higher net profits and therefore strong earnings available for shareholders.

That could be all that’s needed for the Woolworths share price to outperform in the next year or so. Add to that the continued strong supermarket sales and easing restrictions across the country and, to me, Woolworths looks like a solid buy right now.

Foolish takeaway

The Woolworths share price has had a strong run in 2020. However, I think strong government support and a potential pickup in its pubs business could see Woolies’ earnings surge in FY21.

With diversified operations across the group and a renewed focus on automation and efficiency, Woolworths could be back in the buy zone.

More reading

• ASX 200 finishes 1.3% higher after federal budget
• Why the Coles Group (ASX:COL) share price just got upgraded to “buy”
• Here’s where you could invest your Woolworths (ASX:WOW) dividends today
• 5 things to watch on the ASX 200 next week
• Qube (ASX:QUB) share price jumps as Woolworths logistics park gets backing

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Woolworths Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The SEEK Limited (ASX: SEK) share price rocketed 4.2% higher on Wednesday and I think the ASX employment group could be set to surge further.

Why is the Seek share price climbing?

Seek was one of many companies in the S&P/ASX 200 Index (ASX: XJO) to climb after Tuesday’s Federal Budget announcement. 

There is plenty to unpack from the latest budget but there are a couple of major impacts for Seek’s profitability.

Listings have dropped and advertising revenue restricted as the job market has dried up. But that could be about to change as the federal government unveiled a new employment incentive scheme.

The $74 billion JobMaker scheme provides wage subsidies to companies that hire previously unemployed Australians. The goal is to boost employment and get people off JobSeeker.

Here’s why that could spark the start of a bull run for the Seek share price in 2021.

Is this the start of a bull run in 2021?

Seek operates a number of sites that aim to match jobseekers with employment opportunities. It is essentially an online classifieds site which makes money from employer listings and advertising.

That means a strong job market is good for Seek. As you can imagine, the coronavirus pandemic has not been good for business.

However, more incentives to employ workers should mean more job listings. That is likely to increase revenue and boost earnings (and potentially dividends) in FY21.

The Seek share price has now edged 1.0% higher in 2020 but 2021 could be a good year. The Aussie group has an $8.0 billion market capitalisation and a 1.5% dividend yield right now.

Combined with strong potential share price growth, I think it could appeal to both income and growth investors.

Foolish takeaway

To me, the Seek share price looks to be turning a corner. With strong momentum and appeal across the investor spectrum, I think it could be set to outperform in 2021.

More reading

• Which ASX share may benefit from the jobs-led recovery Budget?
• Why a2 Milk, Afterpay, ARB, & SEEK shares are pushing higher today
• 2 blue chip ASX shares to buy and hold until 2030
• 3 outstanding blue chip ASX shares to buy in October
• Where to invest $10,000 into ASX shares immediately

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has recommended SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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