D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Down 1.4% – Time to Sell?
by Doug Wharley · The Cerbat GemD-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS – Get Free Report) fell 1.4% during mid-day trading on Thursday . The stock traded as low as $2.78 and last traded at $2.80. 119,141 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 245,350 shares. The stock had previously closed at $2.84.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, January 21st. Wall Street Zen raised shares of D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.07.
Get Our Latest Stock Analysis on HEPS
D-MARKET Electronic Services & Trading Price Performance
The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $2.74 and its two-hundred day moving average price is $2.62. The stock has a market capitalization of $996.66 million, a PE ratio of -6.49 and a beta of 2.24.
Institutional Trading of D-MARKET Electronic Services & Trading
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in shares of D-MARKET Electronic Services & Trading by 26.8% in 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. Wealth Enhancement Advisory Services LLC increased its stake in shares of D-MARKET Electronic Services & Trading by 32.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock worth $217,000 after purchasing an additional 19,841 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth $55,000. BNP Paribas Financial Markets increased its stake in shares of D-MARKET Electronic Services & Trading by 2.4% in the second quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock worth $2,607,000 after purchasing an additional 22,445 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of D-MARKET Electronic Services & Trading by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 155,287 shares of the company’s stock worth $385,000 after purchasing an additional 25,032 shares in the last quarter. 40.46% of the stock is owned by hedge funds and other institutional investors.
D-MARKET Electronic Services & Trading Company Profile
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.