With over 43.48 million EBay Inc. (EBAY) shares trading Friday and a closing price of $41.75 on the day, the dollar volume was approximately $1.82 billion. The shares have shown a negative half year performance of -7.35% and its price on 12/15/23 lost nearly -2.11%. Currently, there are 539.00M common shares owned by the public and among those 517.49M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 29 analysts who have offered their price forecasts for EBAY have a consensus price objective of $45.15. The analysts have set the share’s price value over the next 12 months at a high of $56.00 and a low of $32.00. The average price target is 7.53% above its recent price level and a downside to the estimated low will see the stock lose -30.47% over that period. But an upside of 25.45% will see the stock hit the forecast high price target while median target price for the stock is $45.00.
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Insiders at the company have transacted a total of 207 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 109 of these insider trades were purchases, accounting for 987,551 shares. Insider sales of the common stock occurred on 98 occasions, with total insider shares sold totaling 486,907 shares.
Shares of EBay Inc. (NASDAQ: EBAY) opened at $42.73, up $0.08 from a prior closing price of $42.65. However, the script later moved the day high at 42.93, down -2.11%. The company’s stock has a 5-day price change of 1.11% and -4.92% over the past three months. EBAY shares are trading 0.68% year to date (YTD), with the 12-month market performance down to -4.57% lower. It has a 12-month low price of $37.17 and touched a high of $52.23 over the same period. EBAY has an average intraday trading volume of 6.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.34%, 2.02%, and -3.87% respectively.
Institutional ownership of EBay Inc. (NASDAQ: EBAY) shares accounts for 90.47% of the company’s 539.00M shares outstanding.
It has a market capitalization of $21.67B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 8.26, while the earnings-per-share (ttm) stands at $5.05. The company has a PEG of 1.19 and a Quick Ratio of 2.16 with the debt-to-equity ratio at 1.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.73% over the week and 2.27% over the month.
Analysts forecast that EBay Inc. (EBAY) will achieve an EPS of $0.94 for the current quarter, $1.03 for the next quarter and $3.97 for 2024. The lowest estimate earnings-per-share for the quarter is $0.9 while analysts give the company a high EPS estimate of $0.96. Comparatively, EPS for the current quarter was $1.07 a year ago. Earnings per share for the fiscal year are expected to increase by 2.01%, and 6.23% over the next financial year. EPS should grow at an annualized rate of 6.95% over the next five years, compared to -18.93% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 29 brokerage firm advisors rate EBay Inc. (EBAY) as a “Moderate Buy” at a consensus score of 2.76. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 18 of the 29 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the EBAY, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on October 17, 2023, with the firm’s price target at $46.
