eBay (EBAY) Projected to Post Quarterly Earnings on Wednesday

eBay (NASDAQ:EBAY) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect eBay to post earnings of $1.20 per share and revenue of $2.58 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

eBay Stock Down 0.1 %

Shares of NASDAQ:EBAY opened at $69.82 on Wednesday. eBay has a 52 week low of $42.97 and a 52 week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company’s fifty day moving average is $65.40 and its 200-day moving average is $63.03. The company has a market capitalization of $33.44 billion, a PE ratio of 17.54, a P/E/G ratio of 2.15 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley boosted their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wedbush started coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $63.13.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by insiders.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.