Shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 1-year consensus price target of $16.50 for the company and are forecasting that the company will post ($0.23) earnings per share for the current quarter, according to Zacks. Zacks has also given Netshoes (CAYMAN) an industry rank of 84 out of 265 based on the ratings given to related companies.
Several analysts have weighed in on NETS shares. Zacks Investment Research downgraded Netshoes (CAYMAN) from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Goldman Sachs Group downgraded Netshoes (CAYMAN) from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th.
A number of institutional investors have recently bought and sold shares of the business. Sands Capital Management LLC grew its stake in Netshoes (CAYMAN) by 6.8% during the 4th quarter. Sands Capital Management LLC now owns 1,279,725 shares of the company’s stock valued at $10,110,000 after purchasing an additional 81,400 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Netshoes (CAYMAN) by 309.3% during the 4th quarter. Hudson Bay Capital Management LP now owns 197,778 shares of the company’s stock valued at $1,562,000 after purchasing an additional 149,459 shares during the last quarter. Tikvah Management LLC grew its stake in Netshoes (CAYMAN) by 69.8% during the 3rd quarter. Tikvah Management LLC now owns 348,302 shares of the company’s stock valued at $4,580,000 after purchasing an additional 143,172 shares during the last quarter. Investec Asset Management LTD grew its stake in Netshoes (CAYMAN) by 222.5% during the 3rd quarter. Investec Asset Management LTD now owns 606,054 shares of the company’s stock valued at $7,970,000 after purchasing an additional 418,158 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Netshoes (CAYMAN) during the 3rd quarter valued at about $949,000. Institutional investors and hedge funds own 56.39% of the company’s stock.
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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 Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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