D-MARKET Electronic Services & Trading’s (HEPS) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $3.07 target price on the stock, down from their previous target price of $4.85. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 32.90% from the company’s previous close.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, D-MARKET Electronic Services & Trading presently has a consensus rating of “Reduce” and a consensus price target of $3.29.

D-MARKET Electronic Services & Trading Stock Up 0.4%

Shares of NASDAQ HEPS opened at $2.31 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $2.64 and its two-hundred day moving average is $2.71. D-MARKET Electronic Services & Trading has a 52-week low of $2.25 and a 52-week high of $3.85. The firm has a market cap of $742.39 million, a price-to-earnings ratio of -9.24 and a beta of 2.30.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.10) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. Research analysts predict that D-MARKET Electronic Services & Trading will post -0.03 EPS for the current year.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

A number of institutional investors and hedge funds have recently modified their holdings of HEPS. Rhumbline Advisers raised its stake in D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of D-MARKET Electronic Services & Trading by 2.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock valued at $2,607,000 after acquiring an additional 22,445 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth about $80,000. Schonfeld Strategic Advisors LLC raised its position in shares of D-MARKET Electronic Services & Trading by 111.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock worth $186,000 after acquiring an additional 36,378 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 purchasing an additional 41,525 shares during the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

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.