eBay Inc (NASDAQ:EBAY) has been downgraded to Sell in a report by Pacific Crest today.
- Updated: October 2, 2016
Yesterday eBay Inc (NASDAQ:EBAY) traded 1.86% higher at $32.90. EBAY’s 50-day average is $31.68 and its two hundred day average is $26.89. With the last close up 22.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 11,959,853 shares of eBay Inc exchanged hands, up from an avg. volume of 10,361,900
Pacific Crest has downgraded eBay Inc (NASDAQ:EBAY) to Sell in a report released on 10/01/2016.
Previously on 9/29/2016, Deutsche Bank reported on eBay Inc (NASDAQ:EBAY) bumped up the target price from $30.00 to $40.00 that suggested an upside of 0.26%.
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With a total market value of $0, eBay Inc has one year low of $21.52 and a one year high of $33.19 with a P/E ratio of 20.22 .
In addition to Pacific Crest reporting its stock price target, a total of 34 firms have reported on the company. The average stock price target is $28.01 with six firms rating the stock a strong buy, eight analysts rating the company a buy, 24 brokerages rating the company a hold, 2 firms rating the stock a underperform, and finally zero analysts rating the company a sell.
Brief Synopsis About eBay Inc (NASDAQ:EBAY)
eBay Inc. (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce. Its Marketplace platforms include its online marketplace located at www.ebay.com, localized counterparts and the eBay mobile applications. Its StubHub platforms include its online ticket platform located at www.stubhub.com and the StubHub mobile applications. Its StubHub platforms provide customers with a place to purchase tickets to the games, concerts and theater shows and also enable owners to sell the tickets. Its Classifieds platforms offer online classifieds with a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Classifieds and others.
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