So that said...Kids in the back seat ask...."Are we there yet...

So that said...

Kids in the back seat ask....

"Are we there yet ?"

Can always consider this.....

After such a big decline – is it now a really good opportunity?Getting insight into how a business is performing can help investment considerations.FY21 third quarter. A month ago we heard how Zip did in the three months to 31 March 2021. It reported that it generated record group quarterly revenue of $114.4 million – up 80% year on year. Zip saw quarterly transaction volume of $1.6 billion, which was up 114%.The number of transaction numbers for the quarter jumped 195% to 12.4 million compared to the prior corresponding period.Customer and merchant numbers continued to increase at a strong double digit rate, up 88% and 81% year on year respectively It was the US division (Quadpay) that drove this large amount of growth despite it normally being a quieter period. Transaction volume grew 234% to $762 million, revenue rose 188% to $54.4 million and its customer numbers increased 153% to 3.8 million.Zip ANZ growth wasn’t as strong, transaction volume grew 61% to $837.3 million and revenue grew 37% to $57.9 million.The buy now, pay later business said that its net bad debts reduced to 1.78%, down from 1.93%, for Australian receivables. Management said that was a very strong result which further validated the strength of Zip’s proprietary credit decision technology and ability to manage risk.This update then allowed Zip to price $400 million of zero coupon senior unsecured convertible notes due 2028Is the Zip share price worth pursuing?Brokers certainly have mixed thoughts on the buy now, pay later company.You’ve got a broker like Morgans that thinks Zip shares are a buy, with a price target of around $10.40. It pointed out Zip now has around $0.5 billion of funding (including the notes) to provide the money for growth for the foreseeable future.Citi is also bullish about the Zip share price, with a target of $11.30. Citi was impressed by the growth demonstrated in the FY21 third quarter – it was better than expected.

DYOR GLTAH...