Etsy (NASDAQ:ETSY) had its price objective increased by Deutsche Bank from $64.00 to $72.00 in a research report report published on Tuesday, February 26th, MarketBeat.com reports. The brokerage currently has a buy rating on the specialty retailer’s stock.
A number of other research analysts have also recently weighed in on the company. TheStreet upgraded Etsy from a c+ rating to a b rating in a report on Monday, November 19th. ValuEngine lowered Etsy from a strong-buy rating to a buy rating in a research report on Friday, December 21st. Loop Capital set a $70.00 target price on Etsy and gave the stock a buy rating in a research report on Monday, December 17th. Citigroup started coverage on Etsy in a research report on Friday, December 7th. They set a buy rating and a $70.00 target price on the stock. Finally, BidaskClub raised Etsy from a hold rating to a buy rating in a research report on Friday, December 7th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $66.29.
Shares of ETSY stock traded down $3.42 during trading hours on Tuesday, reaching $66.02. 2,260,306 shares of the company’s stock were exchanged, compared to its average volume of 4,779,081. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 108.23, a price-to-earnings-growth ratio of 7.04 and a beta of 1.04. Etsy has a 1 year low of $26.54 and a 1 year high of $73.35. The company has a current ratio of 6.07, a quick ratio of 6.07 and a debt-to-equity ratio of 0.84.
Etsy (NASDAQ:ETSY) last issued its earnings results on Monday, February 25th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $200.00 million during the quarter, compared to the consensus estimate of $194.77 million. Etsy had a return on equity of 20.00% and a net margin of 12.84%. The company’s revenue for the quarter was up 46.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. On average, equities analysts forecast that Etsy will post 0.69 earnings per share for the current fiscal year.
In other Etsy news, insider Michael T. Fisher sold 2,604 shares of Etsy stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $69.36, for a total value of $180,613.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan D. Klein sold 30,000 shares of Etsy stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $70.83, for a total value of $2,124,900.00. Following the completion of the transaction, the director now owns 109,265 shares of the company’s stock, valued at $7,739,239.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,050 shares of company stock valued at $8,761,823. 2.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of ETSY. Nisa Investment Advisors LLC boosted its position in shares of Etsy by 13.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock worth $80,000 after buying an additional 200 shares during the period. Suntrust Banks Inc. boosted its position in shares of Etsy by 5.2% during the fourth quarter. Suntrust Banks Inc. now owns 4,654 shares of the specialty retailer’s stock worth $221,000 after buying an additional 230 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Etsy by 13.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,260 shares of the specialty retailer’s stock worth $108,000 after buying an additional 268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Etsy by 8.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,103 shares of the specialty retailer’s stock worth $338,000 after buying an additional 531 shares during the period. Finally, Cornerstone Advisors Inc. acquired a new position in shares of Etsy during the third quarter worth approximately $29,000. Institutional investors own 93.91% 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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