Is Netshoes (Cayman) Ltd (NETS) Worth Your Time and Dime After a J.P. Morgan Downgrade?

May 16, 2018 - By Adrian Erickson

Netshoes (Cayman) Ltd (NETS) Receives a Downgrade

Analysts at the J.P. Morgan equities division decreased the rating of Netshoes (Cayman) Ltd (NETS) shares to a Sell on 16 May.

Netshoes (NYSE:Cayman Limited) Ratings Coverage

Among 2 analysts covering Netshoes (Cayman) Ltd (NETS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Netshoes (Cayman) Ltd has $10.0 highest and $6.8000 lowest target. $8.20’s average target is 283.18% above currents $2.14 stock price. Netshoes (Cayman) Ltd had 3 analyst reports since November 21, 2017 according to SRatingsIntel. Goldman Sachs downgraded it to “Hold” rating and $9.6 target in Friday, January 19 report. Jefferies maintained Netshoes (NYSE:Cayman Limited) on Tuesday, April 3 with “Hold” rating.

The stock decreased 25.44% or $0.73 during the last trading session, reaching $2.14. About 4.36 million shares traded or 5539.09% up from the average. Netshoes (NETS) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Netshoes Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Latin America. The company has market cap of $66.46 million. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion. It currently has negative earnings. The firm operates through its ecommerce Websites, such as and

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