D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Large Volume Increase - Time to Buy?

Key Points

• HEPS trading volume rose 16% to approximately 295,803 shares, while the stock remained at $2.68.
• Analyst sentiment is unfavorable: the consensus rating is “Reduce”, with two Holds and one Sell, despite a consensus price target of $3.07.
• The company reported a quarterly loss of $0.11 per share on $483.32 million in revenue, alongside weak profitability metrics including a negative net margin and negative return on equity.

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) saw strong trading volume on Thursday . Approximately 295,803 shares traded hands during trading, an increase of 16% from the previous session's volume of 255,228 shares.The stock last traded at $2.68 and had previously closed at $2.68.

Analyst Ratings Changes

Several analysts recently commented on HEPS shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. Wall Street Zen downgraded D-MARKET Electronic Services & Trading from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Down 0.2%

The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $955.58 million, a P/E ratio of -5.25 and a beta of 2.13. The company has a fifty day moving average price of $2.83 and a 200-day moving average price of $2.77.

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

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

Several institutional investors have recently bought and sold shares of HEPS. AXQ Capital LP acquired a new position in shares of D-MARKET Electronic Services & Trading in the 2nd quarter valued at $50,000. Graham Capital Management L.P. purchased a new position in shares of D-MARKET Electronic Services & Trading in the 4th quarter valued at about $55,000. Rhumbline Advisers increased its stake in shares of 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 purchasing an additional 4,081 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of D-MARKET Electronic Services & Trading by 111.5% in 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. Finally, Millennium Management LLC purchased a new stake in D-MARKET Electronic Services & Trading during the 4th quarter valued at about $187,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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. 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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