D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Up 30.1% – Should You Buy?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) was up 30.1% during mid-day trading on Friday . The company traded as high as $2.49 and last traded at $3.1230. Approximately 192,605 shares were traded during trading, a decline of 53% from the average daily volume of 408,652 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HEPS shares. Wall Street Zen raised D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $3.07 price objective (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, November 18th. Finally, Zacks Research upgraded D-MARKET Electronic Services & Trading to a “hold” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, D-MARKET Electronic Services & Trading presently has an average rating of “Reduce” and a consensus target price of $3.29.

D-MARKET Electronic Services & Trading Stock Up 37.1%

The stock has a market capitalization of $1.06 billion, a P/E ratio of -13.16 and a beta of 2.31. The stock has a 50 day moving average price of $2.45 and a 200-day moving average price of $2.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.53.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last released its earnings results on Wednesday, November 5th. The company reported ($0.10) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. As a group, research analysts expect that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in D-MARKET Electronic Services & Trading by 26.8% during the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in D-MARKET Electronic Services & Trading in the 3rd quarter worth $164,000. Schonfeld Strategic Advisors LLC increased its position in shares of D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after acquiring an additional 36,378 shares during the period. Geode Capital Management LLC increased its position in shares of D-MARKET Electronic Services & Trading by 62.5% in the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock valued at $291,000 after acquiring an additional 41,525 shares during the period. Finally, Bosun Asset Management LLC bought a new position in shares of D-MARKET Electronic Services & Trading during the first quarter valued at about $412,000. Institutional investors own 40.46% of the company’s stock.

D-MARKET Electronic Services & Trading Company Profile

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.