D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Releases Earnings Results

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) posted its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, Zacks reports. D-MARKET Electronic Services & Trading had a negative net margin of 6.95% and a negative return on equity of 338.17%. The firm had revenue of $508.30 million during the quarter.

D-MARKET Electronic Services & Trading Trading Down 2.5%

Shares of D-MARKET Electronic Services & Trading stock traded down $0.07 during trading on Monday, hitting $2.75. 742,293 shares of the company were exchanged, compared to its average volume of 272,909. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.54. The firm has a market capitalization of $982.38 million, a P/E ratio of -5.98 and a beta of 2.12. The firm’s fifty day moving average price is $2.75 and its 200 day moving average price is $2.63. D-MARKET Electronic Services & Trading has a 1-year low of $2.15 and a 1-year high of $3.33.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HEPS. Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, January 21st. Wall Street Zen raised D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.07.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter valued at about $55,000. Schonfeld Strategic Advisors LLC grew its stake in shares of D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after acquiring an additional 36,378 shares in the last quarter. Millennium Management LLC acquired a new position in shares of D-MARKET Electronic Services & Trading in the fourth quarter valued at about $187,000. Finally, Geode Capital Management LLC increased its position in D-MARKET Electronic Services & Trading by 62.5% during the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock worth $291,000 after acquiring an additional 41,525 shares during the period. 40.46% of the stock is owned by institutional investors.

About D-MARKET Electronic Services & Trading

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.