Zalando (OTCMKTS:ZLNDY) Shares Gap Up - Here's What Happened

Key Points

• Zalando shares gapped up from $15.23 to $16.18 prior to trading, currently trading at $16.33 with a volume of 3,829 shares.
• Wall Street analysts have mixed ratings on Zalando, with one analyst giving a Strong Buy, two a Buy, and one a Hold, leading to a consensus rating of "Moderate Buy."
• The company reported earnings of $0.21 per share, meeting estimates, alongside a revenue of $3.28 billion, significantly exceeding the consensus expectation of $2.52 billion.

Zalando (OTCMKTS:ZLNDY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $15.23, but opened at $16.18. Zalando shares last traded at $16.33, with a volume of 3,829 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on ZLNDY shares. Baader Bank upgraded shares of Zalando to a "buy" rating in a research report on Monday, August 18th. Cfra Research cut shares of Zalando from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 11th. Citigroup reaffirmed a "buy" rating on shares of Zalando in a research note on Thursday, August 21st. Finally, Morgan Stanley reissued an "underweight" rating on shares of Zalando in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zalando currently has a consensus rating of "Moderate Buy".

Zalando Stock Performance

The firm has a market capitalization of $8.23 billion, a PE ratio of 27.35 and a beta of 1.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.38. The company's fifty day moving average price is $14.73 and its two-hundred day moving average price is $16.46.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $2.52 billion. Zalando had a net margin of 2.49% and a return on equity of 10.19%. As a group, equities analysts expect that Zalando will post 0.5 earnings per share for the current year.

Zalando Company Profile

Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.