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

May 16, 2018 - By Michael Collier

Netshoes (Cayman) Ltd (NETS) Receives a Downgrade

In analysts report issued to investors and clients on Wednesday, 16 May, J.P. Morgan has just decreased their rating for Netshoes (Cayman) Ltd (NETS) shares to a “Sell”.

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. Jefferies maintained it with “Hold” rating and $6.8000 target in Tuesday, April 3 report. The firm has “Hold” rating by Goldman Sachs given on Friday, January 19.

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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