Etsy (ETSY) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Etsy (NASDAQ: ETSY) recently:

  • 5/20/2019 – Etsy was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/9/2019 – Etsy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York. “
  • 5/9/2019 – Etsy had its price target raised by analysts at Stifel Nicolaus from $58.00 to $62.00. They now have a “hold” rating on the stock. They wrote, “We believe shares reflect the strong outlook trading at 8.0x EV/FY:2020E revenue and we remain Hold-rated with a $62.””
  • 5/9/2019 – Etsy was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 5/1/2019 – Etsy had its price target raised by analysts at Roth Capital from $72.00 to $76.00. They now have a “buy” rating on the stock.
  • 4/30/2019 – Etsy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York. “
  • 4/4/2019 – Etsy is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $85.00 price target on the stock.
  • 3/29/2019 – Etsy is now covered by analysts at CIBC. They set a “market perform” rating on the stock.
  • 3/29/2019 – Etsy is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.

Shares of ETSY traded up $1.39 during midday trading on Friday, hitting $64.71. The stock had a trading volume of 1,020,308 shares, compared to its average volume of 2,718,363. Etsy Inc has a fifty-two week low of $28.99 and a fifty-two week high of $73.35. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 106.08, a PEG ratio of 4.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.87 and a quick ratio of 4.87.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The company had revenue of $169.33 million during the quarter, compared to analysts’ expectations of $170.72 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. Analysts anticipate that Etsy Inc will post 0.82 earnings per share for the current year.

In other Etsy news, insider Michael T. Fisher sold 46,874 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $65.00, for a total value of $3,046,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael T. Fisher sold 2,604 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $69.36, for a total transaction of $180,613.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,285 shares of company stock valued at $12,638,801. Corporate insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new position in Etsy during the first quarter valued at approximately $30,000. Institutional & Family Asset Management LLC raised its position in Etsy by 267.7% during the first quarter. Institutional & Family Asset Management LLC now owns 467 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 340 shares in the last quarter. Optimum Investment Advisors bought a new position in Etsy during the fourth quarter valued at approximately $33,000. Rockefeller Capital Management L.P. bought a new position in Etsy during the first quarter valued at approximately $33,000. Finally, Quantamental Technologies LLC bought a new position in Etsy during the fourth quarter valued at approximately $43,000.

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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