Zacks Investment Research upgraded shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) from a sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Netshoes (Cayman) Limited is a sports and lifestyle online retailer primarily in Latin America. The company’s product includes athletic shoes, jerseys, apparels, accessories and sporting equipment of international, local and private brands as well as fashion. It operates primarily in Brazil, Argentina and Mexico. Netshoes (Cayman) Limited is headquartered in São Paulo, Brazil. “

A number of other equities research analysts also recently weighed in on NETS. Goldman Sachs Group, Inc. (The) initiated coverage on Netshoes (CAYMAN) in a report on Monday, May 8th. They set a buy rating and a $24.50 price objective on the stock. Jefferies Group LLC initiated coverage on Netshoes (CAYMAN) in a report on Monday, May 8th. They set a buy rating and a $19.00 price objective on the stock. J P Morgan Chase & Co initiated coverage on Netshoes (CAYMAN) in a report on Monday, May 8th. They set an overweight rating and a $18.00 price objective on the stock. Finally, Bradesco Corretora reaffirmed an outperform rating and set a $26.00 price objective on shares of Netshoes (CAYMAN) in a report on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Netshoes (CAYMAN) has a consensus rating of Buy and a consensus price target of $21.90.

Shares of Netshoes (NASDAQ NETS) opened at 11.00 on Tuesday. Netshoes has a 1-year low of $10.80 and a 1-year high of $26.96. The company’s 50-day moving average price is $18.19 and its 200 day moving average price is $18.21. The stock’s market cap is $257.79 million.

Netshoes (CAYMAN) (NASDAQ:NETS) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.22. The business had revenue of $139.45 million during the quarter, compared to the consensus estimate of $153.48 million. Equities analysts forecast that Netshoes will post ($1.16) EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC bought a new stake in Netshoes (CAYMAN) during the second quarter worth $24,404,000. LMR Partners LLP bought a new stake in Netshoes (CAYMAN) during the second quarter worth $859,000. Ameriprise Financial Inc. bought a new stake in Netshoes (CAYMAN) during the second quarter worth $890,000. Laurion Capital Management LP bought a new stake in Netshoes (CAYMAN) during the second quarter worth $1,142,000. Finally, Investec Asset Management LTD bought a new stake in Netshoes (CAYMAN) during the second quarter worth $3,576,000.

About Netshoes (CAYMAN)

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

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