D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Stock Rating Lowered by Wall Street Zen

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Price Performance

Shares of HEPS stock opened at $2.79 on Friday. D-MARKET Electronic Services & Trading has a 1 year low of $2.15 and a 1 year high of $3.33. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $2.87 and its 200-day moving average is $2.78. The firm has a market capitalization of $996.67 million, a price-to-earnings ratio of -5.47 and a beta of 2.08.

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

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

Several institutional investors have recently modified their holdings of HEPS. UBS Group AG increased its stake in D-MARKET Electronic Services & Trading by 29.0% during the 4th quarter. UBS Group AG now owns 892,087 shares of the company’s stock worth $2,212,000 after purchasing an additional 200,404 shares in the last quarter. GAM Holding AG raised its holdings in D-MARKET Electronic Services & Trading by 50.0% during the 4th quarter. GAM Holding AG now owns 450,000 shares of the company’s stock worth $1,116,000 after buying an additional 150,000 shares during the period. State Street Corp increased its position in shares of D-MARKET Electronic Services & Trading by 190.4% during the fourth quarter. State Street Corp now owns 2,379,825 shares of the company’s stock worth $5,902,000 after acquiring an additional 1,560,395 shares in the last quarter. Geode Capital Management LLC increased its position in shares of D-MARKET Electronic Services & Trading by 19.2% during the fourth quarter. Geode Capital Management LLC now owns 155,287 shares of the company’s stock worth $385,000 after acquiring an additional 25,032 shares in the last quarter. Finally, VR Advisory Services Ltd raised its holdings in shares of D-MARKET Electronic Services & Trading by 14.4% during the third quarter. VR Advisory Services Ltd now owns 15,941,737 shares of the company’s stock worth $42,883,000 after acquiring an additional 2,007,252 shares during the period. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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. 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.