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

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was downgraded by investment 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 restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, D-MARKET Electronic Services & Trading currently has an average rating of “Reduce” and a consensus price target of $3.50.

D-MARKET Electronic Services & Trading Price Performance

HEPS stock remained flat at $2.31 during midday trading on Friday. 188,756 shares of the company’s stock were exchanged, compared to its average volume of 293,817. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. D-MARKET Electronic Services & Trading has a fifty-two week low of $2.28 and a fifty-two week high of $3.85. The company has a market cap of $742.39 million, a P/E ratio of -9.24 and a beta of 2.30. The company’s 50-day moving average is $2.70 and its 200-day moving average is $2.72.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.10) earnings per share 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, equities analysts predict 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 large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased 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 valued at $55,000 after acquiring an additional 4,081 shares during the period. XTX Topco Ltd purchased a new stake in shares of D-MARKET Electronic Services & Trading during the first quarter worth about $80,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of D-MARKET Electronic Services & Trading in the third quarter worth about $164,000. Geode Capital Management LLC grew its stake in shares of 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 worth $291,000 after purchasing an additional 41,525 shares during the last quarter. Finally, Bosun Asset Management LLC purchased a new position in D-MARKET Electronic Services & Trading during the 1st quarter valued at about $412,000. Institutional investors 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.