JMP Securities Reaffirms Market Perform Rating for eBay (NASDAQ:EBAY)

eBay (NASDAQ:EBAY)‘s stock had its “market perform” rating restated by equities research analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.

Several other research firms also recently weighed in on EBAY. Evercore ISI increased their target price on eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday. Needham & Company LLC raised their target price on shares of eBay from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays upped their price target on shares of eBay from $72.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler lifted their price target on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on eBay from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.12.

eBay Price Performance

NASDAQ:EBAY opened at $68.60 on Thursday. eBay has a 12-month low of $49.25 and a 12-month high of $71.61. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company’s 50-day moving average is $65.83 and its two-hundred day moving average is $65.02. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Research analysts expect that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock valued at $3,121,626 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter worth about $27,000. Orion Capital Management LLC bought a new stake in eBay in the fourth quarter valued at about $27,000. Abound Financial LLC bought a new stake in eBay in the first quarter valued at about $29,000. Pinney & Scofield Inc. acquired a new stake in eBay during the fourth quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. bought a new position in eBay during the 4th quarter worth approximately $33,000. 87.48% of the stock is owned by institutional investors and hedge funds.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.