Zacks: Secoo Holding Ltd – (NASDAQ:SECO) Given $16.50 Consensus Target Price by Brokerages

Shares of Secoo Holding Ltd – (NASDAQ:SECO) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $16.50 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Secoo an industry rank of 173 out of 256 based on the ratings given to its competitors.

Shares of NASDAQ SECO traded up $0.18 during mid-day trading on Wednesday, hitting $7.78. 4,188 shares of the stock traded hands, compared to its average volume of 124,214. The company has a current ratio of 3.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.75. Secoo has a twelve month low of $6.65 and a twelve month high of $15.48. The firm has a market capitalization of $171.01 million, a P/E ratio of 18.60 and a beta of 2.78. The firm’s 50 day simple moving average is $7.73.

Secoo (NASDAQ:SECO) last released its quarterly earnings data on Thursday, April 4th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.08). Secoo had a net margin of 2.43% and a return on equity of 9.60%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business earned $0.25 EPS. The company’s revenue was up 27.0% compared to the same quarter last year. On average, equities analysts anticipate that Secoo will post 0.8 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. FIL Ltd raised its position in Secoo by 136.6% during the 1st quarter. FIL Ltd now owns 3,335,722 shares of the company’s stock worth $29,221,000 after purchasing an additional 1,925,693 shares during the last quarter. Pelham Capital Ltd. bought a new position in Secoo during the 1st quarter worth $6,311,000. Krane Funds Advisors LLC raised its position in Secoo by 0.7% during the 1st quarter. Krane Funds Advisors LLC now owns 425,249 shares of the company’s stock worth $3,725,000 after purchasing an additional 2,804 shares during the last quarter. FMR LLC bought a new position in Secoo during the 1st quarter worth $2,905,000. Finally, Penserra Capital Management LLC raised its position in Secoo by 4.6% during the 1st quarter. Penserra Capital Management LLC now owns 68,109 shares of the company’s stock worth $595,000 after purchasing an additional 3,006 shares during the last quarter. 38.26% of the stock is owned by institutional investors and hedge funds.

About Secoo

Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in Mainland China, Hong Kong, and other countries. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.

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