Somewhat Positive Press Coverage Somewhat Unlikely to Affect Netshoes (CAYMAN) (NETS) Share Price
News articles about Netshoes (CAYMAN) (NASDAQ:NETS) have been trending somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Netshoes (CAYMAN) earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.9152243026579 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Netshoes (NETS) traded up 3.67% during mid-day trading on Thursday, reaching $11.87. The company’s stock had a trading volume of 272,411 shares. The company’s 50 day moving average price is $17.32 and its 200-day moving average price is $17.94. Netshoes has a 1-year low of $11.38 and a 1-year high of $26.96. The company’s market capitalization is $278.17 million.
Netshoes (CAYMAN) (NASDAQ:NETS) last issued its earnings results on Monday, August 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.22. The business had revenue of $139.45 million for the quarter, compared to analysts’ expectations of $153.48 million. Netshoes (CAYMAN) had a negative return on equity of 41.82% and a negative net margin of 7.62%. Analysts predict that Netshoes will post ($1.16) earnings per share for the current fiscal year.
Several research analysts recently weighed in on the company. Bradesco Corretora reiterated an “outperform” rating and set a $26.00 price target on shares of Netshoes (CAYMAN) in a research report on Tuesday, May 9th. J P Morgan Chase & Co assumed coverage on Netshoes (CAYMAN) in a report on Monday, May 15th. They issued an “overweight” rating and a $18.00 price objective on the stock. Goldman Sachs Group Inc assumed coverage on Netshoes (CAYMAN) in a report on Monday, May 15th. They issued a “buy” rating and a $24.50 price objective on the stock. Jefferies Group LLC assumed coverage on Netshoes (CAYMAN) in a report on Monday, May 15th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Zacks Investment Research lowered Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.90.
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About Netshoes (CAYMAN)
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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