Netshoes (CAYMAN) Ltd (NASDAQ:NETS) is set to announce its earnings results after the market closes on Monday, August 14th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter.

Shares of Netshoes (NASDAQ:NETS) opened at 19.71 on Monday. Netshoes has a one year low of $12.49 and a one year high of $26.96. The company has a 50-day moving average price of $19.56 and a 200 day moving average price of $18.56. The firm’s market capitalization is $411.92 million.

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NETS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Netshoes (CAYMAN) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Netshoes (CAYMAN) in a report on Monday, May 8th. They set a “buy” rating and a $24.50 price target on the stock. Jefferies Group LLC initiated coverage on shares of Netshoes (CAYMAN) in a report on Monday, May 8th. They set a “buy” rating and a $19.00 price target on the stock. J P Morgan Chase & Co initiated coverage on shares of Netshoes (CAYMAN) in a report on Monday, May 8th. They issued an “overweight” rating and a $18.00 target price on the stock. Finally, Bradesco Corretora reiterated an “outperform” rating and issued a $26.00 target price on shares of Netshoes (CAYMAN) in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.90.

About Netshoes (CAYMAN)

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

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