Netshoes (CAYMAN) Ltd (NETS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) have earned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $22.00.

NETS has been the subject of a number of recent research reports. Goldman Sachs cut Netshoes (CAYMAN) from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Zacks Investment Research upgraded Netshoes (CAYMAN) from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, ValuEngine upgraded Netshoes (CAYMAN) from a “sell” rating to a “hold” rating in a report on Monday, April 2nd.

How to Become a New Pot Stock Millionaire

Netshoes (CAYMAN) stock traded down $0.75 during midday trading on Monday, reaching $4.95. 123,623 shares of the company were exchanged, compared to its average volume of 74,322. Netshoes has a 1 year low of $4.59 and a 1 year high of $26.96. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

Netshoes (CAYMAN) (NYSE:NETS) last posted its quarterly earnings data on Wednesday, March 28th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.22). The company had revenue of $159.99 million for the quarter, compared to analysts’ expectations of $183.95 million. Netshoes (CAYMAN) had a negative return on equity of 39.23% and a negative net margin of 9.00%. equities research analysts expect that Netshoes will post -1.01 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of NETS. Comerica Bank purchased a new stake in Netshoes (CAYMAN) in the 3rd quarter valued at about $635,000. JPMorgan Chase & Co. purchased a new stake in Netshoes (CAYMAN) in the 3rd quarter valued at about $108,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Netshoes (CAYMAN) in the 3rd quarter valued at about $949,000. Tikvah Management LLC grew its holdings in Netshoes (CAYMAN) by 69.8% in the 3rd quarter. Tikvah Management LLC now owns 348,302 shares of the company’s stock valued at $4,580,000 after buying an additional 143,172 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in Netshoes (CAYMAN) by 309.3% in the 4th quarter. Hudson Bay Capital Management LP now owns 197,778 shares of the company’s stock valued at $1,562,000 after buying an additional 149,459 shares during the period. Institutional investors own 61.83% of the company’s stock.

WARNING: This report was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/09/netshoes-cayman-ltd-nets-receives-consensus-recommendation-of-hold-from-analysts.html.

About Netshoes (CAYMAN)

Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Latin America. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion. The company operates through its ecommerce Websites, such as www.netshoes.com and www.zattini.com.

Receive News & Ratings for Netshoes (CAYMAN) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netshoes (CAYMAN) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply