EBay falls most in six months amid struggles with turnaround

4 Reasons Even eBay Fans Are Cautious On The Stock

EBay shares fell 3% Thursday after the stock suffered at least one downgrade, and as a series of analysts said they still don't see enough reason to turn bullish.

"First-quarter results for us were a mixed bag", Ju wrote. Credit Suisse analyst Stephen Ju cut his price target on eBay to 34 from 35, with a neutral rating. (NASDAQ:EBAY) by 0.3% during the fourth quarter, Holdings Channel reports. The stock has a 50 day moving average price of $33.61 and a 200-day moving average price of $31.29. eBay also was the target of unusually large options trading on Thursday.

Marketplace gross merchandise volume (GMV) increased 2% year over year (5% at constant currency), to $20.0 billion, which translated to 2% growth in revenue, to $1.8 billion. The company has a consensus rating of Hold and an average target price of $34.90. Adjusted earnings per share will be 43 cents to 45 cents, compared with analysts' projections of 47 cents.

More information about factors that could affect the Company's operating results is included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the Company's Investor Relations website at https://investors.ebayinc.com or the SEC's website at www.sec.gov.

Canaccord Genuity analyst Michael Graham raised his price target to 32 from 31, saying first-quarter results were "solid".

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With shares up almost 35% over the past year leading up to this report, including a 14% gain so far in 2017 on the heels of its record holiday-quarter results in late January, there were no real surprises in these results.

EBay shares fell 2.76 percent to $32.92 per share in the early trading in NY.

Aaron Kessler, the lead analyst on the report, reiterated a market perform rating and didn't have a price target. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company.

Revenue rose 3.7 percent to $2.22 billion. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the sale, the director now owns 28,525 shares of the company's stock, valued at approximately $949,312. The stock was sold at an average price of $32.00, for a total transaction of $6,419,456.00. Following the transaction, the chief accounting officer now directly owns 39,947 shares of the company's stock, valued at $1,155,666.71. The disclosure for this sale can be found here. Price to sales ratio was 4.07 while 87.10% of stock was owned by Institutional investors. The Company helps in enabling commerce on its platforms for buyers and sellers online. Its platforms are accessible through an online experience (desktop and laptop computers), from mobile devices (smartphones and tablets) and by application programming interface (API) (platform access for third-party software developers).

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