Oppenheimer & Co. Inc. acquired a new position in shares of Etsy (NASDAQ:ETSY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 86,281 shares of the specialty retailer’s stock, valued at approximately $2,421,000. Oppenheimer & Co. Inc. owned approximately 0.07% of Etsy as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in ETSY. Steward Partners Investment Advisory LLC lifted its position in Etsy by 99.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock worth $137,000 after buying an additional 3,361 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Etsy during the fourth quarter worth approximately $154,000. Keybank National Association OH purchased a new position in Etsy during the fourth quarter worth approximately $205,000. Parametrica Management Ltd purchased a new position in Etsy during the fourth quarter worth approximately $212,000. Finally, Brighton Jones LLC purchased a new position in Etsy during the fourth quarter worth approximately $244,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.
NASDAQ:ETSY opened at $31.42 on Tuesday. Etsy has a 52 week low of $10.91 and a 52 week high of $31.83. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 82.68, a price-to-earnings-growth ratio of 4.55 and a beta of 0.18.
Etsy (NASDAQ:ETSY) last posted its earnings results on Tuesday, February 27th. The specialty retailer reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.07. Etsy had a return on equity of 13.20% and a net margin of 18.54%. The company had revenue of $136.27 million for the quarter, compared to the consensus estimate of $132.89 million. research analysts predict that Etsy will post 0.37 EPS for the current fiscal year.
A number of equities analysts recently commented on ETSY shares. BidaskClub downgraded Etsy from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. DA Davidson lifted their price objective on Etsy from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded Etsy from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Citigroup lifted their price objective on Etsy from $17.50 to $25.50 and gave the stock a “neutral” rating in a research report on Monday, March 5th. Finally, Roth Capital upgraded Etsy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.50 to $28.00 in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.21.
In other Etsy news, Director Jonathan D. Klein sold 50,000 shares of Etsy stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $30.00, for a total value of $1,500,000.00. Following the sale, the director now owns 143,547 shares in the company, valued at $4,306,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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