D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS) Upgraded at Zacks Investment Research

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, Zacks.com reports. The brokerage currently has a $1.50 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.49% from the stock’s current price.

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

HEPS remained flat at $$1.37 during midday trading on Friday. The company’s stock had a trading volume of 233,094 shares, compared to its average volume of 731,989. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.04. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi has a 12-month low of $1.26 and a 12-month high of $15.23. The company’s 50 day simple moving average is $1.85 and its 200-day simple moving average is $2.08.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Must Asset Management Inc. raised its position in shares of 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 purchasing an additional 7,035,361 shares during the period. Hosking Partners LLP raised its position in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi by 94.5% during the first quarter. Hosking Partners LLP now owns 7,409,344 shares of the company’s stock worth $16,819,000 after purchasing an additional 3,600,596 shares during the period. BlackRock Inc. acquired a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the third quarter worth about $25,209,000. Wellington Management Group LLP acquired a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the third quarter worth about $24,733,000. Finally, Capital Group International Inc. CA raised its position in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi by 18.7% during the first quarter. Capital Group International Inc. CA now owns 3,369,580 shares of the company’s stock worth $7,649,000 after purchasing an additional 530,811 shares during the period.

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.

Recommended Stories