Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Ebay (NASDAQ: EBAY) today and set a price target of $41. The company’s shares opened today at $31.55, close to its 52-week low of $30.76.
According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 24.9% and a 70.2% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Paypal Holdings, and ChannelAdvisor.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ebay with a $45.14 average price target, a 43.1% upside from current levels. In a report issued on October 16, Benchmark Co. also maintained a Buy rating on the stock with a $50 price target.
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Based on Ebay’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.66 billion and net profit of $642 million. In comparison, last year the company earned revenue of $2.42 billion and had a net profit of $523 million.
Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Jae Hyun Lee, the SVP, EMEA of EBAY sold 47,739 shares for a total of $1,630,217.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
eBay, Inc. is 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.
