D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Upgraded at Zacks Research

Zacks Research upgraded shares of D-MARKET Electronic Services & Trading (NASDAQ:HEPS) to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $3.07 price objective (down previously from $4.85) on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.29.

D-MARKET Electronic Services & Trading Price Performance

Shares of NASDAQ:HEPS opened at $2.26 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.53. The company has a market capitalization of $726.32 million, a P/E ratio of -9.04 and a beta of 2.30. D-MARKET Electronic Services & Trading has a 1-year low of $2.15 and a 1-year high of $3.85. The firm’s 50 day simple moving average is $2.60 and its two-hundred day simple moving average is $2.70.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted 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%. Research analysts expect that D-MARKET Electronic Services & Trading will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEPS. XTX Topco Ltd acquired a new stake in D-MARKET Electronic Services & Trading during the 1st quarter worth about $80,000. BIT Capital GmbH raised its position in D-MARKET Electronic Services & Trading by 4.6% during the first quarter. BIT Capital GmbH now owns 1,569,011 shares of the company’s stock valued at $4,472,000 after acquiring an additional 69,516 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in D-MARKET Electronic Services & Trading in the first quarter valued at approximately $530,000. Brightlight Capital Management LP lifted its holdings in D-MARKET Electronic Services & Trading by 25.6% in the first quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company’s stock valued at $17,165,000 after acquiring an additional 1,226,444 shares during the period. Finally, VR Advisory Services Ltd boosted its position in D-MARKET Electronic Services & Trading by 352.0% in the 1st quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company’s stock worth $35,379,000 after purchasing an additional 9,667,225 shares in the last quarter. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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.