Ebay was Downgraded to a Hold Rating at Monness

By Ryan Adsit

Monness analyst James Cakmak downgraded Ebay (NASDAQ: EBAY) to Hold today. The company’s shares closed yesterday at $33.86.

According to TipRanks.com, Cakmak is a 5-star analyst with an average return of 19.4% and a 85.7% success rate. Cakmak covers the Technology sector, focusing on stocks such as Facebook Inc, Alphabet Inc, and LinkedIn.

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 17, Credit Suisse also maintained a Hold rating on the stock with a $35 price target.

Ebay’s market cap is currently $37.32B and has a P/E ratio of 5.25. The company has a book value ratio of 3.4918.

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.