Somewhat Favorable Media Coverage Likely to Affect eBay (EBAY) Stock Price – The Cerbat Gem

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Media stories about eBay (NASDAQ:EBAY) have been trending somewhat positive recently, AlphaOne reports. AlphaOne, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. eBay earned a media sentiment score of 0.08 on AlphaOne’s scale. AlphaOne also assigned news articles about the e-commerce company an impact score of 77 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have effected AlphaOne Sentiment’s scoring:

Shares of eBay (NASDAQ:EBAY) traded down 0.03% during mid-day trading on Friday, reaching $33.50. 8,548,190 shares of the company’s stock traded hands. eBay has a one year low of $22.30 and a one year high of $34.74. The firm’s 50-day moving average is $33.54 and its 200 day moving average is $31.38.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business earned $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. Equities research analysts forecast that eBay will post $2.01 earnings per share for the current year.

EBAY has been the subject of a number of analyst reports. Cowen and Company reissued a “market perform” rating and issued a $29.00 price objective on shares of eBay in a research note on Thursday, January 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of eBay in a research note on Monday, January 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $30.00 target price on shares of eBay in a research note on Monday, January 23rd. Wedbush reaffirmed a “neutral” rating and set a $33.00 target price on shares of eBay in a research note on Monday, January 23rd. Finally, Jefferies Group LLC set a $32.00 target price on shares of eBay and gave the company a “neutral” rating in a research note on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.15.

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In related news, VP Brian J. Doerger sold 6,660 shares of eBay stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $33.25, for a total transaction of $221,445.00. Following the completion of the sale, the vice president now owns 29,006 shares in the company, valued at approximately $964,449.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stephen Fisher sold 33,008 shares of eBay stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $32.35, for a total value of $1,067,808.80. Following the sale, the senior vice president now owns 109,468 shares of the company’s stock, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. Insiders have sold a total of 145,420 shares of company stock valued at $4,801,655 in the last ninety days. Corporate insiders own 7.40% of the company’s stock.

eBay Company Profile

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

5 Day Chart for NASDAQ:EBAY

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