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Netshoes (CAYMAN) Ltd (NETS) Now Covered by Analysts at JPMorgan Chase & Co.

Netshoes (CAYMAN) Ltd logoJPMorgan Chase & Co. began coverage on shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) in a report issued on Monday morning. The firm issued an overweight rating and a $18.00 price target on the stock.

A number of other analysts have also commented on the company. Jefferies Group LLC began coverage on Netshoes (CAYMAN) in a research report on Monday. They issued a buy rating and a $19.00 target price for the company. Goldman Sachs Group Inc began coverage on Netshoes (CAYMAN) in a research report on Monday. They issued a buy rating and a $24.50 target price for the company.

Shares of Netshoes (NASDAQ:NETS) traded up 3.51% during midday trading on Monday, hitting $16.24. The company’s stock had a trading volume of 245,329 shares. The company’s market cap is $347.00 million. The company has a 50-day moving average price of $13.64 and a 200 day moving average price of $13.64. Netshoes has a 1-year low of $12.49 and a 1-year high of $17.29.

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About Netshoes (CAYMAN)

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.

5 Day Chart for NASDAQ:NETS

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