In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Ebay (EBAY), with a price target of $32. The company’s shares closed yesterday at $30.67.
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.5% and a 65.7% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Eventbrite Inc, and Alphabet Inc.
Ebay has an analyst consensus of Moderate Buy, with a price target consensus of $36.56, which is a 19.2% upside from current levels. In a report issued on January 4, Goldman Sachs also downgraded the stock to Hold with a $32 price target.
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Based on Ebay’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.64 billion and net profit of $721 million. In comparison, last year the company earned revenue of $2.63 billion and had a GAAP net loss of $2.6 billion.
Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock.
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.
