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

Key Points

• Wall Street Zen downgraded D-MARKET Electronic Services & Trading to “sell” from “hold,” while Weiss Ratings reaffirmed its “sell (D-)” rating. MarketBeat reports a consensus “Reduce” rating and a $3.07 target price.
• HEPS shares opened at $2.79 and have traded between $2.15 and $3.33 over the past year. The company reported a quarterly loss of $0.11 per share on $483.32 million in revenue, with negative net margin and return on equity.
• Institutional investors and hedge funds own approximately 40.46% of the company, with several firms recently increasing or initiating positions.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, D-MARKET Electronic Services & Trading presently has a consensus rating of "Reduce" and a consensus target price of $3.07.

D-MARKET Electronic Services & Trading Trading Down 1.1%

D-MARKET Electronic Services & Trading stock opened at $2.79 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. D-MARKET Electronic Services & Trading has a 52 week low of $2.15 and a 52 week high of $3.33. The company has a market capitalization of $996.67 million, a price-to-earnings ratio of -5.47 and a beta of 2.08. The stock has a 50-day moving average price of $2.87 and a 200 day moving average price of $2.78.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.11) EPS for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 7.78% and a negative return on equity of 776.28%. The firm had revenue of $483.32 million during the quarter.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

Institutional investors and hedge funds have recently modified their holdings of the stock. Graham Capital Management L.P. purchased a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth about $55,000. Rhumbline Advisers grew its holdings in D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after acquiring an additional 4,081 shares during the period. Schonfeld Strategic Advisors LLC raised its position in D-MARKET Electronic Services & Trading by 111.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company's stock valued at $186,000 after acquiring an additional 36,378 shares in the last quarter. Millennium Management LLC purchased a new position in D-MARKET Electronic Services & Trading during the fourth quarter valued at approximately $187,000. Finally, Geode Capital Management LLC raised its position in D-MARKET Electronic Services & Trading by 62.5% during the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company's stock valued at $291,000 after acquiring 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.

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