D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Stock Rating Lowered by Wall Street Zen

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, D-MARKET Electronic Services & Trading has an average rating of “Reduce” and an average target price of $3.50.

D-MARKET Electronic Services & Trading Stock Performance

NASDAQ HEPS opened at $2.31 on Friday. The firm has a market cap of $742.39 million, a price-to-earnings ratio of -9.24 and a beta of 2.30. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.72. D-MARKET Electronic Services & Trading has a twelve month low of $2.28 and a twelve month high of $3.85.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued its earnings results on Wednesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. As a group, equities research analysts predict that D-MARKET Electronic Services & Trading will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after acquiring an additional 4,081 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of D-MARKET Electronic Services & Trading in the 1st quarter worth about $80,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of D-MARKET Electronic Services & Trading during the 3rd quarter worth about $164,000. Geode Capital Management LLC boosted its stake in shares of D-MARKET Electronic Services & Trading by 62.5% during the 2nd quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock worth $291,000 after purchasing an additional 41,525 shares during the period. Finally, Bosun Asset Management LLC purchased a new position in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth about $412,000. 40.46% of the stock is owned by hedge funds and other institutional investors.

About D-MARKET Electronic Services & Trading

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.