D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Gap Down – Time to Sell?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $3.29, but opened at $2.85. D-MARKET Electronic Services & Trading shares last traded at $2.7020, with a volume of 404,256 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on HEPS. Wall Street Zen raised shares of 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 research 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 research note on Tuesday, November 18th. Finally, Zacks Research raised D-MARKET Electronic Services & Trading to a “hold” rating in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, D-MARKET Electronic Services & Trading currently has an average rating of “Reduce” and a consensus price target of $3.29.

D-MARKET Electronic Services & Trading Trading Up 3.5%

The firm has a market capitalization of $814.70 million, a PE ratio of -10.14 and a beta of 2.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.53. The company has a fifty day moving average of $2.44 and a 200-day moving average of $2.65.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued 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 return on equity of 113.69% and a negative net margin of 5.42%. On average, sell-side analysts anticipate that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of D-MARKET Electronic Services & Trading

A number of institutional investors have recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft acquired a new position in shares of D-MARKET Electronic Services & Trading during the 2nd quarter worth $444,000. Bosun Asset Management LLC bought a new stake in D-MARKET Electronic Services & Trading in the first quarter worth $412,000. Brightlight Capital Management LP increased its position in D-MARKET Electronic Services & Trading by 25.6% during the first quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company’s stock worth $17,165,000 after buying an additional 1,226,444 shares during the last quarter. VR Advisory Services Ltd raised its holdings in D-MARKET Electronic Services & Trading by 352.0% during the first quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company’s stock valued at $35,379,000 after buying an additional 9,667,225 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of D-MARKET Electronic Services & Trading in the first quarter worth about $530,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

About D-MARKET Electronic Services & Trading

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.