D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Posts Quarterly Earnings Results

Key Points

• D-MARKET reported an EPS of $999.00 for the quarter while recording a negative return on equity (-225.04%) and a negative net margin (-8.46%).
• HEPS shares traded up 0.4% to $2.79 (market cap ≈ $996.7M) with a negative P/E of -6.49 and a 52-week range of $2.15–$3.33; Wall Street’s consensus rating is "Reduce" with a $3.07 price target.
• Institutional investors own 40.46% of the company, and several hedge funds (Rhumbline, Schonfeld, Millennium, Geode, among others) recently added to or established positions.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) issued its earnings results on Thursday. The company reported $999.00 EPS for the quarter, reports. D-MARKET Electronic Services & Trading had a negative return on equity of 225.04% and a negative net margin of 8.46%.

D-MARKET Electronic Services & Trading Stock Up 0.4%

HEPS stock traded up $0.01 during mid-day trading on Thursday, reaching $2.79. 198,457 shares of the company traded hands, compared to its average volume of 266,231. The stock has a market cap of $996.66 million, a price-to-earnings ratio of -6.49 and a beta of 2.12. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. D-MARKET Electronic Services & Trading has a fifty-two week low of $2.15 and a fifty-two week high of $3.33. The firm's 50 day moving average price is $2.75 and its 200 day moving average price is $2.62.

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

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake 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 valued at $55,000 after purchasing an additional 4,081 shares during the last quarter. Graham Capital Management L.P. acquired a new position in D-MARKET Electronic Services & Trading during the 4th quarter valued at about $55,000. Schonfeld Strategic Advisors LLC boosted its stake in D-MARKET Electronic Services & Trading by 111.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company's stock valued at $186,000 after purchasing an additional 36,378 shares during the last quarter. Millennium Management LLC purchased a new position in shares of D-MARKET Electronic Services & Trading in the 4th quarter worth approximately $187,000. Finally, Geode Capital Management LLC boosted its stake in shares of D-MARKET Electronic Services & Trading by 62.5% in 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 last quarter. Institutional investors and hedge funds own 40.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HEPS shares. Weiss Ratings restated a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a research note on Wednesday, January 21st. Wall Street Zen upgraded D-MARKET Electronic Services & Trading from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $3.07.

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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