484,953 Shares in Netshoes (CAYMAN) Ltd (NETS) Purchased by Kora Management LP
Kora Management LP purchased a new stake in Netshoes (CAYMAN) Ltd (NASDAQ:NETS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 484,953 shares of the company’s stock, valued at approximately $9,229,000. Netshoes (CAYMAN) accounts for approximately 5.9% of Kora Management LP’s portfolio, making the stock its 8th biggest holding. Kora Management LP owned 2.32% of Netshoes (CAYMAN) as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in NETS. Janus Henderson Group PLC purchased a new position in shares of Netshoes (CAYMAN) during the 2nd quarter worth $5,492,000. Tiger Global Management LLC purchased a new stake in Netshoes (CAYMAN) in the 2nd quarter valued at about $168,718,000. Bamco Inc. NY purchased a new stake in Netshoes (CAYMAN) in the 2nd quarter valued at about $211,000. Tikvah Management LLC purchased a new stake in Netshoes (CAYMAN) in the 2nd quarter valued at about $3,904,000. Finally, OxFORD Asset Management LLP purchased a new stake in Netshoes (CAYMAN) in the 2nd quarter valued at about $2,268,000.
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A number of analysts have issued reports on NETS shares. Zacks Investment Research raised Netshoes (CAYMAN) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, July 11th. Jefferies Group LLC downgraded Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Netshoes (CAYMAN) has an average rating of “Buy” and an average target price of $21.90.
Netshoes (NASDAQ NETS) traded down 0.79% during midday trading on Friday, hitting $12.50. The stock had a trading volume of 43,563 shares. Netshoes has a one year low of $10.52 and a one year high of $26.96. The firm’s market cap is $292.94 million. The stock has a 50-day moving average price of $12.91 and a 200 day moving average price of $16.81.
Netshoes (CAYMAN) (NASDAQ:NETS) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.22). The company had revenue of $139.45 million during the quarter, compared to analyst estimates of $153.48 million. Netshoes (CAYMAN) had a negative net margin of 7.62% and a negative return on equity of 41.82%. On average, analysts predict that Netshoes will post ($1.12) earnings per share for the current year.
Netshoes (CAYMAN) Profile
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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