D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Trading 30.1% Higher – Time to Buy?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS)’s stock price was up 30.1% during mid-day trading on Friday . The company traded as high as $2.49 and last traded at $3.1230. Approximately 192,605 shares traded hands during trading, a decline of 53% from the average daily volume of 408,652 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $3.07 price objective (down previously from $4.85) on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday, November 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded D-MARKET Electronic Services & Trading to a “hold” rating in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $3.29.

D-MARKET Electronic Services & Trading Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -13.16 and a beta of 2.31. The stock’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $2.65.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.10) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 113.69% and a negative net margin of 5.42%. Analysts predict that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in HEPS. Itau Unibanco Holding S.A. acquired a new stake in D-MARKET Electronic Services & Trading in the first quarter valued at approximately $530,000. Brightlight Capital Management LP increased its position in shares of D-MARKET Electronic Services & Trading by 25.6% in the 1st quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company’s stock valued at $17,165,000 after purchasing an additional 1,226,444 shares during the last quarter. VR Advisory Services Ltd raised its holdings in shares of D-MARKET Electronic Services & Trading by 352.0% in the 1st quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company’s stock valued at $35,379,000 after purchasing an additional 9,667,225 shares in the last quarter. Bosun Asset Management LLC purchased a new stake in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth $412,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of D-MARKET Electronic Services & Trading during the first quarter worth $527,000. 40.46% of the stock is owned by institutional investors and hedge funds.

About D-MARKET Electronic Services & Trading

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. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.