Zacks Investment Research upgraded shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “Netshoes (Cayman) Limited is a sports and lifestyle online retailer primarily in Latin America. The company’s product includes athletic shoes, jerseys, apparels, accessories and sporting equipment of international, local and private brands as well as fashion. It operates primarily in Brazil, Argentina and Mexico. Netshoes (Cayman) Limited is headquartered in São Paulo, Brazil. “

Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC cut shares of Netshoes (CAYMAN) from a buy rating to a hold rating in a research report on Thursday, August 17th. J P Morgan Chase & Co assumed coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 15th. They issued an overweight rating and a $18.00 price target on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 15th. They issued a buy rating and a $24.50 price target on the stock. Finally, Bradesco Corretora reaffirmed an outperform rating and issued a $26.00 price target on shares of Netshoes (CAYMAN) in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $21.90.

Shares of Netshoes (NASDAQ NETS) opened at 11.56 on Tuesday. Netshoes has a 12-month low of $11.48 and a 12-month high of $26.96. The company’s market cap is $270.91 million. The company’s 50-day moving average price is $17.08 and its 200 day moving average price is $17.87.

Netshoes (CAYMAN) (NASDAQ:NETS) last announced its quarterly earnings results on Monday, August 14th. The company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $139.45 million during the quarter, compared to the consensus estimate of $153.48 million. Equities analysts predict that Netshoes will post ($1.16) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/zacks-investment-research-upgrades-netshoes-cayman-ltd-nets-to-hold/1537361.html.

Several institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC purchased a new position in Netshoes (CAYMAN) during the second quarter valued at approximately $24,404,000. LMR Partners LLP purchased a new position in Netshoes (CAYMAN) during the second quarter valued at approximately $859,000. Ameriprise Financial Inc. purchased a new position in Netshoes (CAYMAN) during the second quarter valued at approximately $890,000. Laurion Capital Management LP purchased a new position in Netshoes (CAYMAN) during the second quarter valued at approximately $1,142,000. Finally, Investec Asset Management LTD purchased a new position in Netshoes (CAYMAN) during the second quarter valued at approximately $3,576,000.

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.

Get a free copy of the Zacks research report on Netshoes (CAYMAN) (NETS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Netshoes (CAYMAN) Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netshoes (CAYMAN) Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.