Wedbush reaffirmed their neutral rating on shares of Etsy (NASDAQ:ETSY) in a report published on Thursday, September 13th, MarketBeat reports. The firm currently has a $50.00 price target on the specialty retailer’s stock.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Etsy to $42.00 and gave the stock a sector perform rating in a report on Friday, June 15th. Loop Capital increased their price target on shares of Etsy from $37.00 to $50.00 and gave the stock a buy rating in a report on Monday, June 18th. DA Davidson increased their price target on shares of Etsy from $51.00 to $53.00 and gave the stock a buy rating in a report on Tuesday, August 7th. Zacks Investment Research raised shares of Etsy from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 8th. Finally, Stifel Nicolaus raised their price objective on shares of Etsy from $30.00 to $37.00 and gave the stock a hold rating in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Etsy has a consensus rating of Buy and an average target price of $45.04.
NASDAQ:ETSY traded down $1.62 during midday trading on Thursday, hitting $44.40. The company’s stock had a trading volume of 3,494,293 shares, compared to its average volume of 2,682,361. Etsy has a fifty-two week low of $15.27 and a fifty-two week high of $53.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 0.90. The company has a market cap of $6.15 billion, a PE ratio of 116.84, a price-to-earnings-growth ratio of 8.33 and a beta of 0.23.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Monday, August 6th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Etsy had a return on equity of 13.23% and a net margin of 17.52%. The business had revenue of $132.39 million during the quarter, compared to analyst estimates of $127.10 million. During the same quarter last year, the company posted $0.10 EPS. Etsy’s quarterly revenue was up 30.2% compared to the same quarter last year. Equities research analysts predict that Etsy will post 0.41 earnings per share for the current fiscal year.
In other news, Director M Michele Burns sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $43.85, for a total transaction of $219,250.00. Following the transaction, the director now owns 18,487 shares in the company, valued at approximately $810,654.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Melissa Reiff sold 35,000 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $46.01, for a total value of $1,610,350.00. Following the transaction, the director now owns 25,285 shares in the company, valued at approximately $1,163,362.85. The disclosure for this sale can be found here. Insiders have sold a total of 107,062 shares of company stock worth $4,834,580 in the last quarter. Insiders own 2.80% of the company’s stock.
Several large investors have recently made changes to their positions in ETSY. Comerica Bank purchased a new position in shares of Etsy during the 1st quarter valued at approximately $973,000. SG Americas Securities LLC purchased a new position in shares of Etsy during the 1st quarter valued at approximately $284,000. Mackay Shields LLC purchased a new position in shares of Etsy during the 1st quarter valued at approximately $348,000. State Board of Administration of Florida Retirement System lifted its position in shares of Etsy by 7.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,177 shares of the specialty retailer’s stock valued at $1,661,000 after buying an additional 3,872 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Etsy by 5.3% during the 1st quarter. Swiss National Bank now owns 148,500 shares of the specialty retailer’s stock valued at $4,167,000 after buying an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 86.73% of the company’s stock.
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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