D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS) Cut to “Hold” at Zacks Investment Research

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPSGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “D-MARKET Electronic Services & Trading provides e-commerce platform. D-MARKET Electronic Services & Trading is based in NEW YORK. “

Shares of HEPS traded up $0.07 during trading hours on Thursday, hitting $1.37. The company’s stock had a trading volume of 368,115 shares, compared to its average volume of 736,929. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.42 and a quick ratio of 1.09. The business has a 50 day simple moving average of $1.87 and a two-hundred day simple moving average of $2.13. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi has a 52-week low of $1.26 and a 52-week high of $15.23.

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPSGet Rating) last posted its earnings results on Thursday, March 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The business had revenue of $254.26 million during the quarter. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi had a negative return on equity of 443.35% and a negative net margin of 13.35%. Equities analysts expect that D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi will post -0.45 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of HEPS. Exchange Traded Concepts LLC increased its stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi by 94.8% in the first quarter. Exchange Traded Concepts LLC now owns 13,665 shares of the company’s stock worth $31,000 after purchasing an additional 6,650 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the fourth quarter valued at approximately $40,000. LPL Financial LLC grew its stake in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi by 148.2% during the fourth quarter. LPL Financial LLC now owns 24,940 shares of the company’s stock valued at $48,000 after acquiring an additional 14,890 shares in the last quarter. Squarepoint Ops LLC purchased a new position in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the fourth quarter valued at approximately $50,000. Finally, Legacy Wealth Asset Management LLC purchased a new position in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the first quarter valued at approximately $55,000.

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi Company Profile (Get Rating)

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi operates e-commerce platforms in Turkey. Its platforms include Hepsiburada to shop a range of products online; HepsiExpress, a platform to deliver customers' needs, such as supermarket, food, water, and flowers; HepsiPay for payment solutions; Hepsifly, a platform to purchase domestic and international flight tickets; HepsiJet, a platform to the transportation sector; HepsiAd, a platform for advertising technologies and solutions; Hepsilojistik, a platform for operational processes, such as stocking, addressing, packaging, cargo, invoicing, delivery, and returns for their sales from Hepsiburada and various e-commerce platforms; and HepsiGlobal, a platform for overseas shopping.

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