Guggenheim analyst Robert Drbul maintained a Hold rating on Ebay (EBAY) yesterday. The company’s shares closed yesterday at $36.67.
Drbul commented:
“We expect the gap to narrow in 2H19. Active buyer growth remained modest at +4%, and sold items growth was unchanged QoQ at flat. The B2C segment decelerated 4pts QoQ to flat, while the C2C segment fell to -2% (from -1% in 4Q). StubHub GMV growth slowed to -2%, from -1% in 4Q (CC), vs. our -3% estimate, attributed to a softer Super Bowl (NFL) and college football playoff. We expect SH GMV to grow +LSD% in FY19 as compares get easier post 1Q.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 12.2% and a 71.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
Currently, the analyst consensus on Ebay is a Moderate Buy with an average price target of $38.41, a 4.7% upside from current levels. In a report issued on April 18, Stifel Nicolaus also maintained a Hold rating on the stock with a $39 price target.
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Based on Ebay’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.85 billion and net profit of $760 million. In comparison, last year the company earned revenue of $2.61 billion and had a net profit of $407 million.
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock.
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eBay, Inc. operates as a commerce company, which engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It operates throught the following platforms: Marketplace; Classifieds; StubHub, Corporate, and Others.
