D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Upgraded to "Hold" at Wall Street Zen

Key Points

• D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was upgraded from a "strong sell" to a "hold" rating by analysts at Wall Street Zen.
• The company's recent performance includes a reported quarterly revenue of $431.50 million and an earnings per share of ($0.06).
• Institutional investors have increased their stakes in D-MARKET, with 40.46% of the stock currently owned by these investors, indicating growing interest in the company.

Wall Street Zen upgraded shares of D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Free Report) from a strong sell rating to a hold rating in a report issued on Sunday morning.

D-MARKET Electronic Services & Trading Stock Performance

HEPS traded up $0.18 during trading hours on Friday, hitting $3.05. 743,189 shares of the stock were exchanged, compared to its average volume of 522,621. The stock has a 50-day simple moving average of $2.72 and a 200-day simple moving average of $2.90. D-MARKET Electronic Services & Trading has a 12 month low of $2.11 and a 12 month high of $4.05. The stock has a market cap of $980.21 million, a price-to-earnings ratio of -16.94 and a beta of 2.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.62.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last posted its 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 during the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 4.22% and a negative return on equity of 62.27%. Analysts anticipate that D-MARKET Electronic Services & Trading will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings 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 worth $291,000 after acquiring an additional 41,525 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in D-MARKET Electronic Services & Trading during the second quarter worth about $444,000. 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in D-MARKET Electronic Services & Trading during the first quarter worth about $527,000. Finally, Bosun Asset Management LLC acquired a new position in D-MARKET Electronic Services & Trading during the first quarter worth about $412,000. 40.46% of the stock is owned by institutional investors and hedge funds.

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.