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Cowen Downgrades Grub on “Narrative Problem,” Recommends Buying Waitr

Cowen Downgrades Grub on “Narrative Problem,” Recommends Buying Waitr

by Tom Kaiser | Sep 13, 2019 | Finance, Research, Scoreboard

Cowen, a New York analyst firm that closely follows Grubhub, slightly downgraded its price target for the Chicago-based delivery giant. Following the company’s revised 2019 guidance, the firm lowered its price target from $91 to $86, affirming that it still expects...
DoorDash Continues Building Automation Dream Team

DoorDash Continues Building Automation Dream Team

by Nicholas Upton | Aug 29, 2019 | Finance, Third-Party Delivery

A couple weeks after acquiring Caviar, DoorDash made another acquisition. This time the fast-growth delivery company acquired automation and remote-driving startup, Scotty Labs. Don’t fret if the company’s name doesn’t ring a bell. The young startup was founded in...
Omnivore’s Plans for Coca-Cola Partnership

Omnivore’s Plans for Coca-Cola Partnership

by Tom Kaiser | Aug 22, 2019 | Automation, Finance, News, Top Stories

There are a lot of players in the fast-growing delivery software integrator space, and almost all of them are growing quickly. California-based Omnivore is sprinting in lockstep, having tripled the size of the company in the last 12 months. It is forecasting another...
Waitr Falls on Hard Times, Shares Plummet

Waitr Falls on Hard Times, Shares Plummet

by John Hamburger | Aug 15, 2019 | Finance, News, Scoreboard, Top Stories

Waitr, a Louisiana-based third-party delivery provider that focuses on smaller markets, has struggled mightily since acquiring Minnesota-based Bite Squad in January. In the seven months since that deal was big news in the delivery space, Waitr’s share price has...
Postmates Set to File Key IPO Document

Postmates Set to File Key IPO Document

by Nicholas Upton | Aug 15, 2019 | Finance, News, Third-Party Delivery

Postmates is set to join Uber, Grubhub and Waitr in the public markets. According to TechCrunch, the company will file its S-1, the key document to register securities on the public markets next month. Available details are sparse, but the company has partnered with...
Ordermark Nabs $18M, Adds Ordermark POS Integration

Ordermark Nabs $18M, Adds Ordermark POS Integration

by Tom Kaiser | Aug 8, 2019 | Finance, News, Top Stories

Ordermark, a delivery management developer, received another multi-million investment through an $18 million Series B that will be used to help the California-based firm accelerate its growth while laying the groundwork for new products, integrations and features for...
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