Etsy, Inc. (ETSY) Receives Consensus Rating of “Hold” from Brokerages
Etsy, Inc. (NASDAQ:ETSY) has earned a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.08.
Several brokerages have recently commented on ETSY. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, September 15th. DA Davidson began coverage on shares of Etsy in a research report on Wednesday, September 6th. They set a “buy” rating and a $18.00 price objective for the company. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Ifs Securities reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Etsy in a research report on Thursday, August 24th. Finally, Stifel Nicolaus raised their price objective on shares of Etsy from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 4th.
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Shares of Etsy (NASDAQ ETSY) remained flat at $17.11 on Friday. 777,995 shares of the company were exchanged. The firm has a 50-day moving average of $16.07 and a 200 day moving average of $13.34. Etsy has a 52 week low of $9.41 and a 52 week high of $17.90. The stock’s market cap is $1.90 billion.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $101.70 million during the quarter, compared to the consensus estimate of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. Analysts anticipate that Etsy will post $0.27 earnings per share for the current fiscal year.
In other Etsy news, CEO Josh Silverman bought 64,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $15.67 per share, for a total transaction of $1,002,880.00. Following the purchase, the chief executive officer now directly owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. FNY Managed Accounts LLC bought a new stake in shares of Etsy during the 1st quarter worth $105,000. UBS Group AG raised its stake in shares of Etsy by 30.7% during the 1st quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 2,373 shares during the period. Royal Bank of Canada raised its stake in shares of Etsy by 30.3% during the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after purchasing an additional 2,049 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Etsy by 12.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after purchasing an additional 1,092 shares during the period. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the 1st quarter worth $174,000. Institutional investors own 73.03% of the company’s stock.
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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