Netshoes (CAYMAN) (NETS) Getting Somewhat Positive Press Coverage, Study Finds
Media headlines about Netshoes (CAYMAN) (NASDAQ:NETS) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Netshoes (CAYMAN) earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.5777969884913 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Netshoes (NETS) traded down $0.02 during trading on Monday, reaching $9.62. 116,871 shares of the company’s stock traded hands, compared to its average volume of 108,712. Netshoes has a twelve month low of $9.02 and a twelve month high of $26.96.
Netshoes (CAYMAN) (NASDAQ:NETS) last issued its earnings results on Monday, August 14th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.22). The firm had revenue of $139.45 million during the quarter, compared to analyst estimates of $153.48 million. Netshoes (CAYMAN) had a negative net margin of 7.62% and a negative return on equity of 41.82%.
Several brokerages have weighed in on NETS. Zacks Investment Research cut shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC cut shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Netshoes (CAYMAN) has a consensus rating of “Buy” and a consensus price target of $21.90.
Netshoes (CAYMAN) Company Profile
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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