Hepsiburada upgraded by Citigroup with a new price target
$HEPS
Catalog/Specialty Distribution
Consumer Discretionary
Citigroup upgraded Hepsiburada from Neutral to Buy and set a new price target of $2.00 from $0.90 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $3.50 | Buy → Hold | HSBC Securities |
| 6/14/2023 | $0.90 → $2.00 | Neutral → Buy | Citigroup |
ISTANBUL, Feb. 01, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announces the voting results of the Extraordinary General Assembly Meeting of Shareholders ("EGM") held on January 31, 2025, the new composition of the Committees of its Board of Directors ("Board"), and the appointment of a General Counsel and Corporate Secretary. EGM Voting Results The EGM was duly called and held in accordance with the relevant provisions of the Turkish Commercial Code (the "TCC") and the Regulation on Principles and Procedures for General Asse
ISTANBUL, Jan. 03, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), announces that, as of January 2, 2025, the four regulatory approvals required for effecting the previously announced sale and purchase of 65.4% of the total outstanding shares of the Company pursuant to the stock purchase agreement dated October 17, 2024, between Joint Stock Company Kaspi.kz, as buyer, and the selling controlling shareholders of Hepsiburada identified therein, as sellers (the "Stock Purchase Agreement") have been granted. The relevant regulatory authorities ident
ALMATY, Kazakhstan, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has announced that it has signed a definitive agreement with Hanzade Doğan, the founder and controlling shareholder of D-Market Electronic Services & Trading (NASDAQ:HEPS), and Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan to acquire 65.41% of all the total outstanding Class A and Class B shares of Hepsiburada. Founded in 2000 by Hanzade Doğan, Hepsiburada has long been one of Türkiye's leading e-commerce platforms. The company grew by focusing on customer service, technology, logistics and a broad assortment of products across various retail categories. F
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
ISTANBUL, Türkiye, April 16, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its financial results for the fourth quarter and full year ending December 31, 2024 before the U.S. market opens on Wednesday, April 30, 2025. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Wednesday, April 30, 2025. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada250430.html A replay will be available on
ISTANBUL, March 21, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced the third bond issuance of its indirect wholly owned subsidiary, Hepsi Finansman A.Ş. ("Hepsifinans"), at a nominal value of TRY 100 million. Further to our disclosure in a report on Form 6-K furnished on September 11, 2024 regarding the Capital Markets Board's approval of Hepsifinans's issuance of bonds or bills with a total aggregate principal amount of up to TRY 1,050,000,000 in one or more tranches within one year, Hepsiburada announces that Hepsifinans closed its third bond issuance to domestic qualified inves
ISTANBUL, March 17, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), announces the 24-month results of the "Trade and Technology Empowerment for the Earthquake Region" program (the "Program") for the period from March 6, 2023 to March 11, 2025. Since the Program's launch in March 2023: • The total number of active merchants operating in the earthquake region has reached approximately 10,400, with over 6,500 new businesses selling their products online through Hepsiburada. • Active sellers in the earthquake region sold a total of 13.5 m
SC 13G/A - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G/A - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
HSBC Securities downgraded Hepsiburada from Buy to Hold and set a new price target of $3.50
Citigroup upgraded Hepsiburada from Neutral to Buy and set a new price target of $2.00 from $0.90 previously
ISTANBUL, Türkiye, April 16, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its financial results for the fourth quarter and full year ending December 31, 2024 before the U.S. market opens on Wednesday, April 30, 2025. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Wednesday, April 30, 2025. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada250430.html A replay will be available on
ALMATY, Kazakhstan, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz") (NASDAQ:KSPI) has announced that it has completed its acquisition (the "Transaction") of 40,000,000 Class A and 173,246,220 Class B shares (collectively, the "Shares") of D-Market Electronic Services & Trading ("Hepsiburada") (NASDAQ:HEPS) pursuant to the Stock Purchase Agreement (the "Agreement") entered into on 17 October 2024 among Kaspi.kz and a group of sellers including Hanzade Doğan, the founder and controlling shareholder of Hepsiburada, Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (the "Sellers"). Mikheil Lomtadze, CEO and co-founder of Kaspi.kz,
D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announces its unaudited financial results for the third quarter and the nine months ended September 30, 2024. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under International Financial Reporting Standards ("IFRS