Sea Ltd (NYSE:SE) has been assigned an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.50.
A number of analysts recently weighed in on SE shares. Piper Jaffray Companies lowered their target price on shares of Pure Storage from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 22nd. Stifel Nicolaus set a $154.00 price target on shares of argenx and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Credit Suisse Group set a $43.00 price target on shares of SEA and gave the company a “buy” rating in a research report on Thursday, July 4th. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of SEA in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price target on the stock.
NYSE SE traded down $0.81 on Friday, reaching $35.19. The company’s stock had a trading volume of 66,363 shares, compared to its average volume of 3,427,495. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of -11.89 and a beta of 1.32. The company’s 50-day moving average price is $31.87. SEA has a 52 week low of $10.52 and a 52 week high of $37.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.26.
SEA (NYSE:SE) last posted its earnings results on Tuesday, May 21st. The Internet company based in Singapore reported ($0.68) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.91) by $0.23. The business had revenue of $578.82 million for the quarter, compared to analysts’ expectations of $425.65 million. SEA had a negative net margin of 140.24% and a negative return on equity of 272.42%. As a group, equities analysts forecast that SEA will post -3.44 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in shares of SEA during the first quarter worth approximately $58,000. NumerixS Investment Technologies Inc lifted its position in shares of SEA by 393.3% during the fourth quarter. NumerixS Investment Technologies Inc now owns 7,400 shares of the Internet company based in Singapore’s stock worth $83,000 after purchasing an additional 5,900 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of SEA during the fourth quarter worth approximately $103,000. Van ECK Associates Corp bought a new stake in shares of SEA during the fourth quarter worth approximately $122,000. Finally, Meitav Dash Investments Ltd. bought a new stake in shares of SEA during the first quarter worth approximately $218,000. Institutional investors own 58.45% of the company’s stock.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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