Secoo Holding Ltd – (NASDAQ:SECO) Given $16.50 Average 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 cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $16.50 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Secoo an industry rank of 181 out of 256 based on the ratings given to related companies.

Shares of SECO opened at $7.15 on Wednesday. The company has a fifty day moving average of $7.87. Secoo has a 1-year low of $6.65 and a 1-year high of $15.48. The company has a current ratio of 3.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $174.91 million, a PE ratio of 17.02 and a beta of 2.97.

Secoo (NASDAQ:SECO) last announced its earnings results on Thursday, April 4th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Secoo had a net margin of 2.43% and a return on equity of 9.60%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company posted $0.25 earnings per share. Secoo’s quarterly revenue was up 27.0% on a year-over-year basis. On average, analysts anticipate that Secoo will post 0.8 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in shares of Secoo in the fourth quarter valued at about $26,000. Krane Funds Advisors LLC raised its holdings in Secoo by 0.7% during the first 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 in the last quarter. Penserra Capital Management LLC raised its holdings in Secoo by 4.6% during the first 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 in the last quarter. Segantii Capital Management Ltd purchased a new position in Secoo during the first quarter worth about $52,000. Finally, Anchor Capital Advisors LLC raised its holdings in Secoo by 85.1% during the first quarter. Anchor Capital Advisors LLC now owns 25,175 shares of the company’s stock worth $221,000 after purchasing an additional 11,575 shares in 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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