Shares of Etsy Inc (NASDAQ:ETSY) have been assigned a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $70.93.
A number of research firms have recently commented on ETSY. Roth Capital upped their price objective on shares of Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. TheStreet downgraded shares of WESCO International from a “b-” rating to a “c+” rating in a research note on Friday, May 24th. Stifel Nicolaus raised shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, May 9th. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.
In related news, CTO Michael T. Fisher sold 5,208 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $63.37, for a total transaction of $330,030.96. Following the completion of the sale, the chief technology officer now owns 22,580 shares of the company’s stock, valued at approximately $1,430,894.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Goyal Kruti Patel sold 4,505 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $61.80, for a total transaction of $278,409.00. Following the sale, the senior vice president now directly owns 16,389 shares of the company’s stock, valued at approximately $1,012,840.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,656 shares of company stock valued at $5,691,884. Corporate insiders own 3.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC acquired a new stake in Etsy during the 1st quarter worth approximately $13,445,000. Quadrant Capital Group LLC acquired a new stake in Etsy in the first quarter valued at approximately $30,000. Institutional & Family Asset Management LLC grew its position in Etsy by 267.7% in 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. Hanson McClain Inc. acquired a new stake in Etsy in the second quarter valued at approximately $31,000. Finally, FNY Investment Advisers LLC acquired a new stake in Etsy in the second quarter valued at approximately $80,000. 95.61% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:ETSY traded down $0.49 on Tuesday, reaching $68.63. The stock had a trading volume of 25,374 shares, compared to its average volume of 1,958,740. The stock has a market cap of $8.52 billion, a P/E ratio of 112.54, a price-to-earnings-growth ratio of 4.65 and a beta of 0.92. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $65.74. Etsy has a 12-month low of $38.02 and a 12-month high of $73.35.
Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $170.72 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. As a group, analysts anticipate that Etsy will post 0.79 earnings per share for the current year.
Etsy Company Profile
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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