Zacks: Netshoes Cayman (NETS) Given $16.50 Consensus Target Price by Analysts

Netshoes Cayman (NYSE:NETS) has been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 1-year consensus price target of $16.50 for the company and are forecasting that the company will post ($0.23) EPS for the current quarter, according to Zacks. Zacks has also assigned Netshoes Cayman an industry rank of 15 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut Netshoes Cayman from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th.

Several hedge funds have recently modified their holdings of NETS. Tiger Global Management LLC purchased a new stake in shares of Netshoes Cayman in the 2nd quarter worth $168,718,000. Lord Abbett & CO. LLC purchased a new stake in shares of Netshoes Cayman during the 2nd quarter worth $17,846,000. ICONIQ Capital LLC purchased a new stake in shares of Netshoes Cayman during the 2nd quarter worth $13,101,000. Kora Management LP purchased a new stake in shares of Netshoes Cayman during the 2nd quarter worth $9,229,000. Finally, Investec Asset Management LTD lifted its stake in shares of Netshoes Cayman by 222.5% during the 3rd quarter. Investec Asset Management LTD now owns 606,054 shares of the company’s stock worth $7,970,000 after purchasing an additional 418,158 shares during the last quarter. Institutional investors and hedge funds own 61.51% of the company’s stock.

Netshoes Cayman (NYSE NETS) traded down $0.27 on Tuesday, reaching $8.07. The company had a trading volume of 121,300 shares, compared to its average volume of 158,148. Netshoes Cayman has a one year low of $5.68 and a one year high of $26.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.89.

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About Netshoes Cayman

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites and and third-party sites that it manages, as well as its business to business offline operation.

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