Brokerages Set D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) Target Price at $3.29

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) have received an average recommendation of “Reduce” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.2850.

HEPS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $3.07 target price (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, November 18th. Zacks Research raised shares of D-MARKET Electronic Services & Trading to a “hold” rating in a research note on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, October 8th.

Institutional Trading of D-MARKET Electronic Services & Trading

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after purchasing an additional 4,081 shares in the last quarter. XTX Topco Ltd bought a new position in shares of D-MARKET Electronic Services & Trading in the 1st quarter valued at about $80,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of D-MARKET Electronic Services & Trading during the 3rd quarter worth about $164,000. Schonfeld Strategic Advisors LLC raised its holdings in shares of D-MARKET Electronic Services & Trading by 111.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after purchasing an additional 36,378 shares during the period. Finally, Geode Capital Management LLC raised its stake in D-MARKET Electronic Services & Trading by 62.5% in the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock valued at $291,000 after buying an additional 41,525 shares during the period. 40.46% of the stock is currently owned by institutional investors.

D-MARKET Electronic Services & Trading Stock Performance

Shares of D-MARKET Electronic Services & Trading stock opened at $2.25 on Friday. The stock has a market cap of $723.11 million, a PE ratio of -9.00 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 fifty day simple moving average of $2.58 and a 200-day simple moving average of $2.70. D-MARKET Electronic Services & Trading has a 12 month low of $2.15 and a 12 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%. On average, sell-side analysts anticipate that D-MARKET Electronic Services & Trading will post -0.03 EPS for the current fiscal year.

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.