Brokerages Set D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) PT at $3.29

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) have been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $3.2850.

Several research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $3.07 price objective (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, November 18th. Zacks Research raised shares of D-MARKET Electronic Services & Trading to a “hold” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen cut D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

A number of large investors have recently added to or reduced their stakes in HEPS. Rhumbline Advisers lifted its position in shares of D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares during the last quarter. XTX Topco Ltd bought a new position in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth approximately $80,000. Wealth Enhancement Advisory Services LLC purchased a new stake in D-MARKET Electronic Services & Trading during the third quarter valued at approximately $164,000. Schonfeld Strategic Advisors LLC lifted its position in D-MARKET Electronic Services & Trading by 111.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after acquiring an additional 36,378 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in D-MARKET Electronic Services & Trading by 62.5% in the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock valued at $291,000 after acquiring an additional 41,525 shares in the last quarter. 40.46% of the stock is currently owned by institutional investors.

D-MARKET Electronic Services & Trading Stock Up 0.9%

Shares of NASDAQ HEPS opened at $2.33 on Friday. D-MARKET Electronic Services & Trading has a 52-week low of $2.15 and a 52-week high of $3.85. The firm has a market capitalization of $748.82 million, a price-to-earnings ratio of -9.32 and a beta of 2.30. The stock has a 50 day moving average price of $2.56 and a 200 day moving average price of $2.69. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.53 and a current ratio of 0.85.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued its earnings results on Wednesday, November 5th. The company reported ($0.10) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. Sell-side analysts expect that D-MARKET Electronic Services & Trading will post -0.03 earnings per share for the current year.

D-MARKET Electronic Services & Trading Company Profile

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.