D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS – Get Rating) have earned an average rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.66.

Separately, Zacks Investment Research downgraded D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi from a “buy” rating to a “hold” rating in a research report on Thursday.

Several hedge funds have recently bought and sold shares of HEPS. Must Asset Management Inc. lifted its holdings in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi by 751.3% during the fourth quarter. Must Asset Management Inc. now owns 7,971,823 shares of the company’s stock worth $15,146,000 after acquiring an additional 7,035,361 shares during the period. Hosking Partners LLP bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in the fourth quarter valued at approximately $7,275,000. BlackRock Inc. bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in the third quarter valued at approximately $25,209,000. Wellington Management Group LLP bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in the third quarter valued at approximately $24,733,000. Finally, Millennium Management LLC bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in the third quarter valued at approximately $11,800,000.

Shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi stock traded up $0.07 on Thursday, reaching $1.37. 368,115 shares of the company were exchanged, compared to its average volume of 736,929. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi has a one year low of $1.26 and a one year high of $15.23. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $1.86 and a 200 day moving average of $2.11.

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS – Get Rating) last posted its earnings results on Thursday, March 24th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The business had revenue of $254.26 million for 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 research analysts predict that D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi will post -0.45 earnings per share for the current fiscal year.

About D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (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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