SunTrust Robinson analyst Youssef Squali maintained a Hold rating on Ebay (NASDAQ: EBAY) today and set a price target of $40. The company’s shares opened today at $37.66.
Squali observed:
“We maintain a Hold rating into the 2Q18 print due out 7/18 post close. We expect 2Q18 results to be inline with our/Street estimates, showing neutral to slight improvement in Marketplace Y/Y FXN growth. We note that 3rd party data suggests sequential deceleration in GMV growth in April and May relative to 1Q18; and our tracking of promotional activity on the site in June suggests possible re-acceleration. StubHub should benefit from easy comps and World Cup. Key topics include the SCOTUS ruling, update on growth initiatives, intermediated payments, China risk, capital allocation and guidance. In Line Quarter Expected. We expect revs and non-GAAP EPS of $2.66B and $0.51 in line with consensus of $2.66B and $0.51, respectively. Guidance calls for $2.64-$2.68B in revs, or 6-8% Y/Y FXN, and non-GAAP EPS of $0.50- $0.52.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 22.7% and a 73.7% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, Trade Desk Inc, and Cimpress.
Ebay has an analyst consensus of Moderate Buy, with a price target consensus of $52.59.
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Based on Ebay’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.61 billion and net profit of $407 million. In comparison, last year the company earned revenue of $2.33 billion and had a net profit of $27 million.
Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Jae Hyun Lee, the SVP, EMEA of EBAY sold 9,223 shares for a total of $355,068.
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.
