D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of D-MARKET Electronic Services & Trading (NASDAQ:HEPS) from a hold rating to a sell rating in a research note released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $3.07.

D-MARKET Electronic Services & Trading Trading Down 1.1%

HEPS opened at $2.79 on Friday. The firm has a market cap of $996.66 million, a price-to-earnings ratio of -5.47 and a beta of 2.08. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 0.50. D-MARKET Electronic Services & Trading has a 12 month low of $2.15 and a 12 month high of $3.33. The stock has a fifty day moving average price of $2.87 and a 200-day moving average price of $2.78.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.11) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.The company had revenue of $483.32 million for the quarter.

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

A number of large investors have recently made changes to their positions in the business. Graham Capital Management L.P. purchased a new stake in shares of D-MARKET Electronic Services & Trading during the 4th quarter valued at $55,000. Rhumbline Advisers boosted its position in shares of D-MARKET Electronic Services & Trading by 26.8% in the 1st 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. Schonfeld Strategic Advisors LLC grew its stake in 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 buying an additional 36,378 shares during the last quarter. Millennium Management LLC purchased a new position in D-MARKET Electronic Services & Trading during the 4th quarter worth $187,000. Finally, Geode Capital Management LLC grew its stake in D-MARKET Electronic Services & Trading by 62.5% during the 2nd quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock worth $291,000 after buying an additional 41,525 shares during the last quarter. 40.46% of the stock is owned by institutional investors and hedge funds.

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.