Hemnet Group AB

HEM

SE0015671995

Internet Services

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-12-05 pm EST			5-day change	1st Jan Change
170.50 ^SEK	+7.10%		-2.85%	-49.26%

Dec. 05	Di: Hemnet's New Payment Model Makes the Stock Worth Buying	FW
Dec. 05	Hemnet Launches New Listing Offering, Real Estate Partnerships	MT

Jefferies reiterates Buy for Hemnet and lowers target price

Published on 11/04/2024 at 03:23 am EST - Modified on 11/04/2024 at 03:24 am EST

Finwire - Translated by Marketscreener - See original

Hemnet Group AB

+7.10%

Jefferies lowers its target price for housing platform Hemnet to SEK 430 from the previous level of 445 and at the same time reiterates Buy.

According to the bank's forecasts, revenue and adjusted ebitda for the full years 2024-2026 are down 3-4 percent, driven by a downward revision of ARPL growth for 2024 after the Q3 results.

"Our DCF-driven target price decreases by -3.4 percent to SEK 430, solely driven by the above ebitda revisions. Hemnet trades with a 2024 PEG ratio of 2.3x vs. peers of 1.7x to 3.0x," Jefferies writes.

The share is trading down 0.7 percent to SEK 324.40.

Latest news about Hemnet Group AB

Dec. 05	Di: Hemnet's New Payment Model Makes the Stock Worth Buying	FW
Dec. 05	Hemnet Launches New Listing Offering, Real Estate Partnerships	MT
Dec. 05	UBS Lowers Price Target for Hemnet to 150 SEK (215), Reiterates Sell	FW
Dec. 05	Stockholm Bullets - Boliden sees positive one-off item in Q4	FW
Dec. 05	Hemnet Launches New Initiatives for Earlier Property Listings	FW
Dec. 04	DNB Carnegie Reiterates Buy Rating for Hemnet, Sees Recovery Within Reach	FW
Dec. 04	Twelve Stocks Hit New 52-Week Lows on the Stockholm Stock Exchange Today	FW
Dec. 03	JP Morgan Raises Target Price for Hemnet to 159 Kronor (156), Reiterates Underweight - BN	FW
Dec. 02	Pareto Reiterates Buy Recommendation on Hemnet, Sees Volume Decline as Cyclical	FW
Dec. 01	JP Morgan Lowers Hemnet Price Target to 156 Kronor (158), Reiterates Underweight - BN	FW
Nov. 25	JP Morgan Downgrades Hemnet Group to Underweight, Cuts PT	MT
Nov. 25	JPMorgan: AI Threatens Classifieds Companies, Downgrades Hemnet and Others to Underweight - BN	FW
Nov. 25	Stockholm Bullets - Alimak rises on raised financial targets	FW
Nov. 25	JP Morgan Downgrades Hemnet to Underweight (Neutral), Sets Target Price at 158 Kronor - BN	FW
Nov. 24	Moore Europe Capital Management No Longer a Public Short Seller in Hemnet	FW
Nov. 14	14 Stocks Hit New 52-Week Lows on the Stockholm Stock Exchange Today	FW
Nov. 07	C WorldWide Sweden Rises 3.7 Percent in October - RVRC Boosts Returns	FW
Nov. 07	Rightmove Plummets After 2026 Guidance - AI Investments Expected to Weigh on Profits	FW
Nov. 06	Hemnet CEO Rejects Ad Price Criticism, Predicts Market Normalization Next Year - Di	FW
Oct. 31	Hemnet CEO Jonas Gustafsson Purchases Shares Worth Over SEK 0.3 Million (Update)	FW
Oct. 31	Hemnet CEO Jonas Gustafsson Purchases Shares Worth Over SEK 200,000	FW
Oct. 31	Excessive decline in Hemnet according to analysts - Di	FW
Oct. 29	Hemnet's Head of Sales Increases Shareholding	FW
Oct. 28	Capital Group Reduces Stake in Hemnet	FW
Oct. 27	Citigroup Lowers Price Target for Hemnet to SEK 259 (from 339), Reiterates Neutral Rating - BN	FW

Chart Hemnet Group AB

Duration

Period

HEM: Dynamic Chart

Company Profile

Hemnet Group AB (publ) is a Sweden-based company, that operates property platform in Sweden. The Companyâs business model is based on platforms, applications, and Internet Websites. By offering a combination of products, insights and inspiration, Hemnet develops lasting relationships with buyers, sellers and real estate agents. Hemnet Groupâs focus is on developing smart and intuitive tools that help visitors navigate virtually among all of Swedenâs available supply of housing for sale, while creating engagement through data, informative articles and individually tailored monitoring. The Company's network effect is based on housing sellers and real estate agents benefit from the fact that more home buyers are on Hemnet, at the same time as home buyers conversely benefit from more home sellers and real estate agents are available on the platform.

Employees

165

Sector

Internet Services

Calendar

Jan. 28 - Q4 2025 Earnings Release (Projected)

More about the company