ValuEngine Downgrades Netshoes (CAYMAN) (NETS) to Sell

Netshoes (CAYMAN) (NYSE:NETS) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other research firms have also recently commented on NETS. Zacks Investment Research cut Netshoes (CAYMAN) from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. Goldman Sachs cut Netshoes (CAYMAN) from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.90.

Shares of NYSE NETS opened at $5.50 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.40 and a quick ratio of 0.82. Netshoes has a twelve month low of $4.59 and a twelve month high of $26.96. The company has a market capitalization of $168.16 and a price-to-earnings ratio of -2.99.



Netshoes (CAYMAN) (NYSE:NETS) last issued its quarterly earnings data on Wednesday, March 28th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.22). Netshoes (CAYMAN) had a negative net margin of 9.00% and a negative return on equity of 39.23%. The firm had revenue of $159.99 million during the quarter, compared to analysts’ expectations of $183.95 million. sell-side analysts anticipate that Netshoes will post -1.01 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Netshoes (CAYMAN) during the third quarter worth $108,000. Sands Capital Management LLC grew its holdings in Netshoes (CAYMAN) by 6.8% during the fourth quarter. Sands Capital Management LLC now owns 1,279,725 shares of the company’s stock worth $10,110,000 after acquiring an additional 81,400 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in Netshoes (CAYMAN) by 309.3% during the fourth quarter. Hudson Bay Capital Management LP now owns 197,778 shares of the company’s stock worth $1,562,000 after acquiring an additional 149,459 shares during the period. Institutional investors and hedge funds own 61.83% of the company’s stock.

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About Netshoes (CAYMAN)

Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Latin America. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion. The company operates through its ecommerce Websites, such as www.netshoes.com and www.zattini.com.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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