Seasoned Analyst, Scott Devitt Joins Wedbush Securities as Managing Director, Equity Research, Internet: E-commerce and Online Travel

2023-06-06 12:02

LOS ANGELES--(BUSINESS WIRE)--Jun 6, 2023--

Seasoned Analyst, Scott Devitt Joins Wedbush Securities as Managing Director, Equity Research, Internet: E-commerce and Online Travel

LOS ANGELES--(BUSINESS WIRE)--Jun 6, 2023--

Wedbush Securities, one of the nation’s leading independent diversified financial services providers, is pleased to announce the appointment of Scott Devitt as its newest TMT Equity Research Analyst. Scott initiates coverage on seven stocks centered around travel and mobility, which include: Booking Holdings Inc. (BKNG), Airbnb Inc. (ABNB), DoorDash Inc. (DASH), Expedia Group Inc. (EXPE), LYFT Inc. (LYFT), Uber Technologies Inc. (UBER), and Clear Secure Inc. (YOU). This marks the first phase of a broader launch of coverage that will continue to expand the depth of names under Wedbush’s distinguished Equity Research team. Scott, and his associates Michael Gerbino and Matthew Weiss, are based in Wedbush’s New York office.

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Scott Devitt, Managing Director, Equity Research, Internet: E-Commerce & Online Travel, Wedbush Securities (Photo: Business Wire)

With a robust background in the internet space and all things tech, Scott brings a wealth of knowledge and 20+ years of expertise to Wedbush. His career has been marked by a deep understanding and keen eye for identifying emerging trends within the market, and discerning key themes and debates that drive his research. Scott's journey began at DELL as a Financial Analyst, allowing him early exposure to the ecommerce landscape before it became mainstream, and later granting him valuable insights into the core differentiators and disruptive commerce models that would shape the industry. In 2000, Scott joined Legg Mason where he later assumed coverage, and eventually took on successful tenures at Stifel Financial Corp. and Morgan Stanley. He adds, “I am thrilled to join Wedbush Securities and contribute to the team’s evolving internet and software research. The firm is made up of leading industry experts and veterans, and I look forward to working with them and the broader research team.”

Kevin Merritt, Wedbush Securities’ Director of Research, adds, “Scott's deep industry expertise and his ability to identify emerging trends make him an invaluable addition to our team. We are confident that his insights will provide our clients with a competitive edge in navigating the rapidly evolving landscape of the TMT space.”

Devitt holds a Bachelor of Business Administration in Finance from the University of North Florida, and a Master of Business Administration in Finance from the University of Georgia, Terry College of Business.

About Wedbush Securities

Wedbush Securities is the largest subsidiary of Wedbush Financial Services. Since its founding in 1955, Wedbush has been a leader in the financial services industry, providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and investment banking services. Headquartered in Los Angeles, California with 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.