D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS) Releases Quarterly Earnings Results, Misses Expectations By $1.58 EPS

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS) announced its earnings results on Monday. The company reported ($2.74) EPS for the quarter, missing the consensus estimate of ($1.16) by ($1.58), MarketWatch Earnings reports.

Shares of HEPS stock opened at $2.85 on Wednesday. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi has a fifty-two week low of $2.81 and a fifty-two week high of $15.23. The business has a 50-day moving average price of $5.31.

Several research analysts recently weighed in on HEPS shares. The Goldman Sachs Group started coverage on D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in a research report on Tuesday, July 27th. They set a “buy” rating and a $25.90 price target on the stock. JPMorgan Chase & Co. started coverage on D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in a research report on Tuesday, July 27th. They set an “overweight” rating and a $16.40 price target on the stock. Bank of America lowered D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Tuesday, August 31st. Zacks Investment Research raised D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi from a “sell” rating to a “hold” rating in a research report on Wednesday, November 3rd. Finally, Morgan Stanley started coverage on D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in a research report on Tuesday, July 27th. They set an “equal weight” rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.66.

Hedge funds have recently modified their holdings of the business. LPL Financial LLC acquired a new position in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi in the 3rd quarter worth about $69,000. Morgan Stanley bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the 3rd quarter worth about $133,000. UBS Group AG bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the 3rd quarter worth about $146,000. Geode Capital Management LLC bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the 3rd quarter worth about $206,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi during the 3rd quarter worth about $236,000. 4.74% of the stock is currently owned by institutional investors.

About D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi

D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi operates an e-commerce platform. Its platform comprise Hepsiburada to shop a range of products online; HepsiExpress to order groceries and essentials; HepsiGlobal to discover and purchase products from international merchants online; HepsiPay to use various online payment options; and HepsiFly to purchase airline tickets online.

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