Gnip adds Estimize to social media firehouse for cap markets firms

Source: Gnip

Gnip, the world’s largest and most trusted provider of social media data, announced today an exclusive deal to provide data from the Estimize firehose via the Gnip API (Application Programming Interface) to the capital markets.

Adding Estimize to their roster of social media providers validates the trend in social finance, as Gnip also counts StockTwits as a partner.

Estimize, the buy-side and independent analyst earnings estimates platform, collects earnings estimates from more than 2,500 investors comprised of professionals from hedge funds and institutions, in addition to independent analysts and investors. Estimize provides earnings data on more than 900 publicly traded stocks and has proven to be more accurate than the comparable Wall Street consensus nearly 70% of the time.

“Gnip is the leader in making social data available for analysis by hedge funds, banks and signal providers, so it’s a natural fit to make our data available to their capital markets clients,” said Leigh Drogen, CEO of Estimize. “Estimize provides a transparent stream of user-generated estimates from a powerful and diverse community, and we’re excited to make this data more widely available.”

“Since we began providing social finance data like StockTwits to the capital markets, we’ve seen increasing demand for targeted sources that leverage both the aggregate wisdom of the crowd, as well as enable data mining to identify industry, company and market experts who make their opinions and news known solely through social media,” said Seth McGuire, Director of Business Development at Gnip. “Estimize is a frequently requested financial data source, given that their estimates are easily incorporated into traditional models, and they frequently have the most accurate source for estimates.”

Gnip also provides access to full firehoses from Twitter, Tumblr, WordPress, Disqus and StockTwits.

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