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Zulily (NYSE:ZU)‘s stock had its “neutral” rating restated by equities researchers at Citigroup Inc. in a research report issued on Thursday. They currently have a $38.00 price target on the stock, down from their previous price target of $41.00. Citigroup Inc.’s target price suggests a potential downside of 3.55% from the company’s current price.

Shares of Zulily (NYSE:ZU) traded down 6.63% during mid-day trading on Thursday, hitting $36.76. 4,810,509 shares of the company’s stock traded hands. Zulily has a 52-week low of $28.75 and a 52-week high of $73.50. The stock’s 50-day moving average is $36.93 and its 200-day moving average is $43.0. The company has a market cap of $4.564 billion and a price-to-earnings ratio of 2624.67. Zulily also saw some unusual options trading on Wednesday. Stock investors bought 2,945 call options on the stock. This represents an increase of 277% compared to the typical volume of 781 call options.

Zulily (NYSE:ZU) last released its earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $272.04 million. Zulily’s revenue was up 96.6% compared to the same quarter last year. Analysts expect that Zulily will post $0.22 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital upgraded shares of Zulily from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs upgraded shares of Zulily from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 25th. Finally, analysts at CRT Capital initiated coverage on shares of Zulily in a research note on Friday, June 13th. They set a “fair value” rating and a $41.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.00.

Zulily, Inc is an e-commerce company. The Company, through its desktop and mobile Websites and mobile applications, which it refers to as its sites, helps its customers discover new and unique products.

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