Zacks Investment Research Upgrades Secoo (SECO) to Buy

Secoo (NASDAQ:SECO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $12.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.39% from the stock’s current price.

According to Zacks, “Secoo Holding Limited provides e commerce services. The Company offers retail sale of bags, watch, jewelry, clothing, footwear, accessories, skin care products, oral care, perfume and outdoor sports goods, as well as house decor, cleaning supplies, home appliances, kitchen equipment and computer peripherals. Secoo Holding Limited is based in Beijing, China. “

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A number of other research analysts have also weighed in on SECO. BidaskClub raised Secoo from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine lowered Secoo from a “buy” rating to a “hold” rating in a report on Thursday, January 25th.

SECO stock opened at $10.49 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.43 and a debt-to-equity ratio of 0.10. The stock has a market cap of $134.48 and a price-to-earnings ratio of 13.80. Secoo has a twelve month low of $6.61 and a twelve month high of $14.75.

Secoo (NASDAQ:SECO) last posted its earnings results on Thursday, March 22nd. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.31 billion. The firm’s quarterly revenue was up 60.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. sell-side analysts expect that Secoo will post 0.91 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Secoo stock. KADENSA CAPITAL Ltd acquired a new position in shares of Secoo Holding Ltd – (NASDAQ:SECO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 300,000 shares of the company’s stock, valued at approximately $2,898,000. Secoo makes up about 5.8% of KADENSA CAPITAL Ltd’s investment portfolio, making the stock its 6th biggest position. KADENSA CAPITAL Ltd owned 2.34% of Secoo at the end of the most recent quarter. Institutional investors and hedge funds own 24.22% of the company’s stock.

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About Secoo

Secoo Holding Limited, through its subsidiaries, operates as an integrated online and offline shopping platform in the People's Republic of China and internationally. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, automobiles, home goods, find food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.

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