Clark Estates Inc. NY Has $2.87 Million Stake in Etsy, Inc. (NASDAQ:ETSY)
Clark Estates Inc. NY raised its position in Etsy, Inc. (NASDAQ:ETSY) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,000 shares of the specialty retailer’s stock after buying an additional 43,000 shares during the period. Clark Estates Inc. NY’s holdings in Etsy were worth $2,865,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of Etsy during the first quarter worth about $105,000. UBS Group AG raised its stake in shares of Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after buying an additional 2,373 shares during the last quarter. Creative Planning raised its stake in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares during the last quarter. Marathon Trading Investment Management LLC acquired a new stake in shares of Etsy during the first quarter worth about $174,000. Finally, Pier 88 Investment Partners LLC acquired a new stake in shares of Etsy during the first quarter worth about $284,000. 69.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Etsy, Inc. (NASDAQ ETSY) opened at 16.22 on Friday. The company has a 50-day moving average price of $14.92 and a 200 day moving average price of $12.61. Etsy, Inc. has a one year low of $9.41 and a one year high of $16.69. The company’s market capitalization is $1.80 billion.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. The business had revenue of $101.70 million during the quarter, compared to analyst estimates of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. On average, analysts forecast that Etsy, Inc. will post $0.28 EPS for the current fiscal year.
A number of analysts have recently issued reports on ETSY shares. Maxim Group reaffirmed a “buy” rating and set a $17.00 target price (up from $13.00) on shares of Etsy in a research report on Wednesday, May 17th. Loop Capital reaffirmed a “buy” rating and set a $13.00 target price (down from $16.00) on shares of Etsy in a research report on Wednesday, May 3rd. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub lowered Etsy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, TheStreet raised Etsy from a “d” rating to a “c-” rating in a report on Wednesday, May 24th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Etsy presently has a consensus rating of “Hold” and a consensus price target of $14.33.
In related news, CEO Josh Silverman acquired 64,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the transaction, the chief executive officer now owns 64,000 shares of the company’s stock, valued at $1,002,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is currently owned by corporate insiders.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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