Canaccord Genuity Releases a Hold Rating on Ebay

By Carrie Williams

In a report released yesterday, Michael Graham from Canaccord Genuity reiterated a Hold rating on Ebay (NASDAQ: EBAY), with a price target of $32. The company’s shares closed yesterday at $33.86.

According to TipRanks.com, Graham is a 5-star analyst with an average return of 8.4% and a 53.8% success rate. Graham covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Spark Networks Plc, and Angie’s List Inc.

Currently, the analyst consensus on Ebay is Moderate Buy and the average price target is $34.33, representing a 1.4% upside.

In a report issued on April 10, Piper Jaffray also reiterated a Hold rating on the stock with a $30 price target.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Stephen Fisher, the SVP & CTO of EBAY sold 16,601 shares for a total of $560,580.

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. operates as a commerce leader company including Marketplace, StubHub, and Classifieds platforms. It engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It includes marketing services, including classifieds, and advertising. The company was founded by Pierre M. Omidyar in September 1995 and is headquartered in San Jose, CA.