Ebay Gets a Hold Rating from Canaccord Genuity

By Ryan Adsit

Canaccord Genuity analyst Michael Graham reiterated a Hold rating on Ebay (NASDAQ: EBAY) yesterday and set a price target of $32. The company’s shares closed yesterday at $34.82, close to its 52-week high of $34.99.

According to TipRanks.com, Graham is a 5-star analyst with an average return of 12.5% and a 58.3% success rate. Graham covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, The Meet Group Inc, and Spark Networks Plc.

Ebay has an analyst consensus of Moderate Buy, with a price target consensus of $36.

Ebay’s market cap is currently $37.54B and has a P/E ratio of 4.99. The company has a book value ratio of 3.2373.

Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. Last month, Stephen Fisher, the SVP & CTO of EBAY sold 33,008 shares for a total of $1,067,805.

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.