D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• D-MARKET Electronic Services & Trading (NASDAQ:HEPS) has been issued a "sell (D-)" rating by Weiss Ratings, indicating bearish sentiment from investment analysts.
• Despite the negative rating, Wall Street Zen upgraded the stock from a "strong sell" to a "hold," suggesting mixed opinions on its potential.
• The company's stock is trading at $2.68, with a market cap of $861.31 million, and analysts predict a consensus price target of $3.50.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of D-MARKET Electronic Services & Trading from a "strong sell" rating to a "hold" rating in a research report on Sunday, August 10th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $3.50.

D-MARKET Electronic Services & Trading Price Performance

NASDAQ HEPS traded down $0.03 on Wednesday, hitting $2.68. 226,123 shares of the company were exchanged, compared to its average volume of 179,130. The firm has a 50 day moving average of $2.82 and a two-hundred day moving average of $2.76. The company has a market cap of $861.31 million, a P/E ratio of -14.89 and a beta of 2.31. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.23. D-MARKET Electronic Services & Trading has a 1-year low of $2.13 and a 1-year high of $4.05.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $431.50 million for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 62.27% and a negative net margin of 4.22%. On average, equities analysts predict that D-MARKET Electronic Services & Trading will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HEPS. Rhumbline Advisers increased its position in D-MARKET Electronic Services & Trading by 26.8% during the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after buying an additional 4,081 shares during the period. XTX Topco Ltd bought a new position in D-MARKET Electronic Services & Trading during the 1st quarter worth $80,000. GAMMA Investing LLC increased its position in D-MARKET Electronic Services & Trading by 154.5% during the 1st quarter. GAMMA Investing LLC now owns 69,343 shares of the company's stock worth $198,000 after buying an additional 42,093 shares during the period. Geode Capital Management LLC increased its position in 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 worth $291,000 after buying an additional 41,525 shares during the period. Finally, Bosun Asset Management LLC bought a new position in D-MARKET Electronic Services & Trading during the 1st quarter worth $412,000. Institutional investors own 40.46% of the company's stock.

About D-MARKET Electronic Services & Trading

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.

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