D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Downgraded to “Sell” Rating by Wall Street Zen

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

A number of other analysts have also recently commented on the stock. Zacks Research upgraded shares of D-MARKET Electronic Services & Trading to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $3.07 target price (down previously from $4.85) on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Price Performance

Shares of D-MARKET Electronic Services & Trading stock opened at $2.68 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.53 and a current ratio of 0.85. D-MARKET Electronic Services & Trading has a 52-week low of $2.15 and a 52-week high of $3.85. The company has a fifty day moving average of $2.61 and a 200-day moving average of $2.64. The stock has a market capitalization of $957.38 million, a price-to-earnings ratio of -10.72 and a beta of 2.30.

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

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in D-MARKET Electronic Services & Trading in the third quarter valued at approximately $164,000. Schonfeld Strategic Advisors LLC increased its position in shares of D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after buying an additional 36,378 shares in the last quarter. Aberdeen Group plc acquired a new position in shares of D-MARKET Electronic Services & Trading during the 4th quarter worth approximately $191,000. Finally, Geode Capital Management LLC lifted its position 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 valued at $291,000 after buying an additional 41,525 shares in the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

D-MARKET Electronic Services & Trading Company Profile

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. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.