Zacks: Netshoes (CAYMAN) Ltd (NETS) Given $21.25 Average Price Target by Analysts
Shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Netshoes (CAYMAN)’s rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus price target of $21.25 for the company and are predicting that the company will post ($0.22) earnings per share for the current quarter, according to Zacks. Zacks has also given Netshoes (CAYMAN) an industry rank of 87 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently issued reports on NETS shares. Zacks Investment Research upgraded Netshoes (CAYMAN) from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC downgraded Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC acquired a new position in Netshoes (CAYMAN) in the 2nd quarter valued at $17,846,000. Wasatch Advisors Inc. acquired a new position in Netshoes (CAYMAN) in the 2nd quarter valued at $750,000. ICONIQ Capital LLC acquired a new position in Netshoes (CAYMAN) in the 2nd quarter valued at $13,101,000. Kora Management LP acquired a new position in Netshoes (CAYMAN) in the 2nd quarter valued at $9,229,000. Finally, Janus Henderson Group PLC acquired a new position in Netshoes (CAYMAN) in the 2nd quarter valued at $5,492,000.
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Shares of Netshoes (NASDAQ:NETS) opened at $10.15 on Friday. Netshoes has a 12-month low of $9.65 and a 12-month high of $26.96.
Netshoes (CAYMAN) (NASDAQ:NETS) last posted its earnings results on Monday, August 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.22). Netshoes (CAYMAN) had a negative net margin of 7.62% and a negative return on equity of 41.82%. The company had revenue of $139.45 million during the quarter, compared to analysts’ expectations of $153.48 million.
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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