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News Worms

Maxim Group Reaffirms "Buy" Rating for eBay Inc (EBAY)

Maxim Group Reaffirms

eBay Inc.'s (EBAY) witnessed a gain of 0.18% in recent trading period with closing price of $ 34.33. The company issued revenue guidance of $9.3-9.5 billion, compared to the consensus revenue estimate of $9.42 billion.eBay also updated its Q2 guidance to $0.43-0.45 EPS. The company maintains price to book ratio of 3.59. During the past three month period the stock surged 13.11% and increased 8.98% in past six month. EBay Inc (NASDAQ:EBAY)'s distance from 20 day simple moving average is 1.83% whereas its distance from 50 day simple moving average is 2.51% along with 11.63% distance from 200 day simple moving average.

03/28/2017 - Barclays began new coverage on eBay Inc. giving the company a " rating.

30 analysts on average are expecting the company to report revenue of $2.32 Billion for the current quarter. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 5.329 and a beta of 1.31. Wetherby Asset Management Inc. now owns 19,507 shares of the e-commerce company's stock worth $579,000 after buying an additional 75 shares in the last quarter.

"The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core US business", said Devin Wenig, president and CEO of eBay Inc., in a statement.

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eBay Inc. (EBAY) has been given an average price target of $34.91 from analysts, according to data collected by Finviz.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.44 on the shares of EBay Inc (NASDAQ:EBAY). The most optimistic analyst sees the stock reaching $41 while the most conventional predicts the target price at $28.

Its sales stood at -5.10% a year on average in the period of last five years.

EBay Inc. (EBAY) now has a Return on Assets (ROA) value of 34.6 Percent.

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According to the the latest analyst ratings which have been released, 9 brokers have issued a rating of "buy", 6 brokers "outperform", 22 brokers "hold", 2 brokers "underperform" and 0 brokers "sell". Cornercap Investment Counsel Inc. acquired a new stake in shares of eBay during the fourth quarter valued at $1,666,000. Maxim Group restated a buy rating and set a $36.00 price objective on shares of eBay in a report on Wednesday, April 12th. Finally, Alpha Windward LLC raised its stake in shares of eBay by 1.1% in the first quarter. It reported adjusted earnings that were up 2% to 49 cents, beating the consensus of 48 cents.

01/26/2017 - eBay Inc. had its "market perform" rating reiterated by analysts at Cowen. During the same period in the previous year, the firm posted $0.50 earnings per share. There may be various price targets for a stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Boston Partners raised its stake in shares of eBay by 5.3% in the third quarter.

In related news, Director Robert Holmes Swan sold 200,608 shares of eBay stock in a transaction on Monday, January 30th. The shares were sold at an average price of $33.25, for a total value of $221,445.00. The shares were sold at an average price of $33.77, for a total transaction of $560,615.77. Following the completion of the transaction, the vice president now directly owns 29,006 shares in the company, valued at approximately $964,449.50. Also, SVP Stephen Fisher sold 16,601 shares of eBay stock in a transaction dated Wednesday, February 22nd. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it. The average true range of the stock is observed at 0.53 and the relative strength index of the stock is recorded at 60.65.

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