Netshoes (CAYMAN) Ltd (NASDAQ:NETS) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Netshoes (CAYMAN)’s rating score has declined by 100% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $21.25 for the company and are predicting that the company will post ($0.22) EPS for the current quarter, according to Zacks. Zacks has also given Netshoes (CAYMAN) an industry rank of 178 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on NETS shares. Zacks Investment Research raised shares of Netshoes (CAYMAN) from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, July 11th. Jefferies Group LLC lowered shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th.
Netshoes (NASDAQ NETS) traded down 0.07% during mid-day trading on Wednesday, reaching $13.60. The company’s stock had a trading volume of 51,436 shares. The company’s market cap is $318.72 million. The firm has a 50 day moving average price of $15.28 and a 200 day moving average price of $17.45. Netshoes has a 52-week low of $10.52 and a 52-week high of $26.96.
Netshoes (CAYMAN) (NASDAQ:NETS) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.22). The company had revenue of $139.45 million during the quarter, compared to the consensus estimate of $153.48 million. Netshoes (CAYMAN) had a negative return on equity of 41.82% and a negative net margin of 7.62%. Equities research analysts anticipate that Netshoes will post ($1.17) earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in NETS. Tiger Global Management LLC purchased a new stake in shares of Netshoes (CAYMAN) during the second quarter valued at approximately $168,718,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Netshoes (CAYMAN) in the second quarter worth approximately $24,404,000. Lord Abbett & CO. LLC purchased a new stake in Netshoes (CAYMAN) in the second quarter worth approximately $17,846,000. ICONIQ Capital LLC purchased a new stake in Netshoes (CAYMAN) in the second quarter worth approximately $13,101,000. Finally, Kora Management LP purchased a new stake in Netshoes (CAYMAN) in the second quarter worth approximately $9,229,000.
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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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