Netshoes (CAYMAN) (NETS) Getting Somewhat Favorable Media Coverage, Study Finds
Media coverage about Netshoes (CAYMAN) (NASDAQ:NETS) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Netshoes (CAYMAN) earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1417770978996 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Netshoes (NASDAQ:NETS) traded up 0.54% on Friday, reaching $13.15. 70,121 shares of the company’s stock were exchanged. The stock’s market cap is $308.17 million. Netshoes has a one year low of $10.52 and a one year high of $26.96. The firm has a 50 day moving average of $14.89 and a 200-day moving average of $17.38.
Netshoes (CAYMAN) (NASDAQ:NETS) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.22). The business had revenue of $139.45 million for the quarter, compared to analyst estimates of $153.48 million. Netshoes (CAYMAN) had a negative return on equity of 41.82% and a negative net margin of 7.62%. Equities research analysts forecast that Netshoes will post ($1.17) EPS for the current fiscal year.
NETS has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC downgraded shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.90.
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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