Somewhat Positive News Coverage Somewhat Unlikely to Impact eBay (EBAY) Share Price
Media stories about eBay (NASDAQ:EBAY) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. eBay earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the e-commerce company an impact score of 44.0372767726295 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- eBay (EBAY) & Shopify (SHOP) Head to Head Analysis (americanbankingnews.com)
- Amazon’s Bid To Shake IP Suit On Hold For EBay Arguments (law360.com)
- Recent Institutional Activity: eBay Inc. (EBAY), Devon Energy Corporation (DVN) – Market Movers (financialqz.com)
- Eyeonid Inc. launches EyeOnPASS a New Game-Changing Service to Protect … (prnewswire.co.uk)
- eBay Inc. (EBAY) Sees Significant Growth in Short Interest (americanbankingnews.com)
EBAY has been the subject of several recent analyst reports. Royal Bank of Canada restated a “hold” rating on shares of eBay in a research note on Friday, August 18th. Robert W. Baird restated an “outperform” rating and issued a $38.00 price target on shares of eBay in a research note on Sunday, August 20th. Canaccord Genuity restated a “hold” rating and issued a $34.00 price target on shares of eBay in a research note on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating on shares of eBay in a research note on Wednesday, September 13th. Finally, DA Davidson initiated coverage on eBay in a research note on Wednesday, September 13th. They issued a “buy” rating and a $45.00 price target for the company. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the stock. eBay has a consensus rating of “Hold” and an average target price of $38.51.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. research analysts forecast that eBay will post 1.65 earnings per share for the current fiscal year.
In related news, SVP Raymond J. Pittman sold 31,400 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares in the company, valued at $2,644,803.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.75, for a total value of $155,834.25. Following the completion of the transaction, the vice president now owns 23,392 shares in the company, valued at $836,264. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,242 shares of company stock worth $6,842,297. Insiders own 6.78% of the company’s stock.
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eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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