Stock Update: eBay Inc (NASDAQ:EBAY) – Why Facebook’s Making Serious Moves to Boost Live Video Viewing — Tech Roundup

[at TheStreet] – Facebook is doing all that it can to make sure live video is a raging success, while eBay takes a page from Amazon with its own branded shipping supplies. Read more on this. eBay Inc. (EBAY) , with a current market cap of $29.06B, started trading this morning at $24.45. Today, shares have traded between $24.36 and $25.51 per share with the price of the stock fluctuating between $21.52 to $29.83 over the last 52 weeks. eBay (EBAY) shares are currently priced at 12.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.35x earnings multiple for the same period. According to a consensus of 34 analysts, the earnings estimate of $0.45 per share would be $0.03 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.87 is a $0.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.08 Billion. If reported, that would be a 53.26% decrease over the year-ago quarter. More recently, Barclays downgraded EBAY from Equal Weight to Underweight (Mar 29, 2016). Previously, Susquehanna Initiated EBAY at to Positive. The average price target for EBAY shares by the analysts covering the stock is $27.91, which is 14.15% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Market Update (NASDAQ:EBAY): The Oculus Rift is already being sold on Craigslist and eBay for over $1000 Company Update: eBay Inc (NASDAQ:EBAY) – eBay & Shyp Expand Integration to Make Selling Even Easier Market Update (NASDAQ:EBAY): eBay Inc. Prices $1.5 Billion Senior Unsecured Notes Offering