Zacks: Brokerages Set $21.25 Target Price for Netshoes (CAYMAN) Ltd (NETS)
Shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus target price of $21.25 for the company and are forecasting that the company will post ($0.22) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Netshoes (CAYMAN) an industry rank of 101 out of 265 based on the ratings given to related companies.
NETS has been the topic of several research analyst reports. Zacks Investment Research lowered Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC lowered Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th.
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A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new position in Netshoes (CAYMAN) during the 3rd quarter worth approximately $635,000. Lord Abbett & CO. LLC purchased a new position in Netshoes (CAYMAN) during the 2nd quarter worth approximately $17,846,000. Wasatch Advisors Inc. purchased a new position in Netshoes (CAYMAN) during the 2nd quarter worth approximately $750,000. ICONIQ Capital LLC purchased a new position in Netshoes (CAYMAN) during the 2nd quarter worth approximately $13,101,000. Finally, Kora Management LP purchased a new position in Netshoes (CAYMAN) during the 2nd quarter worth approximately $9,229,000.
Shares of Netshoes (NASDAQ:NETS) opened at $10.98 on Friday. Netshoes has a 12-month low of $9.65 and a 12-month high of $26.96.
Netshoes (CAYMAN) (NASDAQ:NETS) last posted its quarterly 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). Netshoes (CAYMAN) had a negative net margin of 7.62% and a negative return on equity of 41.82%. The company had revenue of $139.45 million during the quarter, compared to analyst estimates of $153.48 million.
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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