Zacks: Netshoes Cayman (NETS) Given Consensus Rating of “Buy” by Brokerages

Shares of Netshoes Cayman (NYSE:NETS) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a twelve-month consensus price target of $16.50 for the company and are expecting that the company will post ($0.23) earnings per share for the current quarter, according to Zacks. Zacks has also given Netshoes Cayman an industry rank of 15 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Netshoes Cayman from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.

Shares of Netshoes Cayman (NYSE:NETS) opened at $8.51 on Tuesday. Netshoes Cayman has a 12-month low of $5.68 and a 12-month high of $26.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.89.

Several hedge funds have recently modified their holdings of NETS. JPMorgan Chase & Co. acquired a new stake in shares of Netshoes Cayman in the 3rd quarter valued at $108,000. Bamco Inc. NY bought a new position in shares of Netshoes Cayman in the 2nd quarter worth about $211,000. Comerica Bank bought a new position in shares of Netshoes Cayman in the 3rd quarter worth about $635,000. Wasatch Advisors Inc. bought a new position in shares of Netshoes Cayman in the 2nd quarter worth about $750,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Netshoes Cayman in the 2nd quarter worth about $890,000. 61.51% of the stock is currently owned by hedge funds and other institutional investors.

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Netshoes Cayman Company Profile

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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