Zacks Research Upgrades D-MARKET Electronic Services & Trading (NASDAQ:HEPS) to Hold

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

HEPS has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $3.07 price target (down previously from $4.85) on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday. Finally, Wall Street Zen downgraded 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.29.

D-MARKET Electronic Services & Trading Price Performance

Shares of NASDAQ HEPS traded up $0.01 during midday trading on Thursday, reaching $2.26. The company’s stock had a trading volume of 270,320 shares, compared to its average volume of 303,132. D-MARKET Electronic Services & Trading has a one year low of $2.15 and a one year high of $3.85. The company has a market cap of $726.32 million, a price-to-earnings ratio of -9.04 and a beta of 2.30. The company has a 50 day moving average price of $2.60 and a 200 day moving average price of $2.70. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 0.89.

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 return on equity of 113.69% and a negative net margin of 5.42%. On average, 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

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

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.