The company’s shares closed last Monday at $1.13, close to its 52-week low of $1.07.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Redbubble Ltd. with a $2.09 average price target, which is an 85.0% upside from current levels. In a report issued on January 19, Morgan Stanley also downgraded the stock to Hold with a price target.
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Redbubble Ltd.’s market cap is currently $299M and has a P/E ratio of -37.42.
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Redbubble Ltd. engages in the development and provision of online marketplace, where artists upload their designs and creative works. It offers apparel, accessories, house ware, calendars, canvass prints, drawstring bags, duvet covers, framed prints, greeting cards, hardcover journals, laptop sleeves, photographic prints, posters, studio pouches, scarves, spiral notebooks, stickers, throw pillows, and bags designed by artists. The company was founded by Martin Hosking, Paul Vanzella and Peter Styles on April 10, 2006 and is headquartered in Melbourne, Australia.
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