Zalando (OTCMKTS:ZLNDY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.31, but opened at $11.83. Zalando shares last traded at $11.78, with a volume of 1,970 shares.
Analysts Set New Price Targets
Several equities analysts recently issued reports on ZLNDY shares. Citigroup reissued a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Barclays raised Zalando to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein raised Zalando from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
View Our Latest Analysis on Zalando
Zalando Trading Up 2.1%
Zalando (OTCMKTS:ZLNDY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). Zalando had a return on equity of 4.12% and a net margin of 0.89%.The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Analysts anticipate that Zalando will post 0.47 EPS for the current year.
About Zalando
Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.
Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.
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