News coverage about Etsy (NASDAQ:ETSY) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Etsy earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.7259039193117 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Etsy (NASDAQ:ETSY) traded up 2.01% during trading on Friday, hitting $16.22. 3,050,080 shares of the stock traded hands. The stock’s market cap is $1.80 billion. The firm’s 50-day moving average is $14.92 and its 200-day moving average is $12.61. Etsy has a 12 month low of $9.41 and a 12 month high of $16.69.

Etsy (NASDAQ:ETSY) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The company had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. Etsy’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, analysts forecast that Etsy will post $0.28 EPS for the current year.

A number of equities analysts have issued reports on ETSY shares. Zacks Investment Research lowered shares of Etsy from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. TheStreet raised shares of Etsy from a “d” rating to a “c-” rating in a research report on Wednesday, May 24th. Maxim Group set a $17.00 price target on shares of Etsy and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Loop Capital reissued a “buy” rating and set a $13.00 price target (down from $16.00) on shares of Etsy in a research report on Wednesday, May 3rd. Finally, BidaskClub lowered shares of Etsy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Etsy presently has an average rating of “Hold” and a consensus price target of $14.33.

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In other news, CEO Josh Silverman bought 64,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the acquisition, the chief executive officer now owns 64,000 shares of the company’s stock, valued at $1,002,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

Etsy Company Profile

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.

Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

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