Somewhat Favorable News Coverage Somewhat Unlikely to Impact Etsy (ETSY) Share Price
Headlines about Etsy (NASDAQ:ETSY) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Etsy earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 45.7982061738512 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Etsy (ETSY) versus Roundy's (RNDY) Financial Contrast (americanbankingnews.com)
- Etsy : This Year, Big Box Stores are Out – Thoughtful, Personalized Gifts are In (4-traders.com)
- Beta as a Common Measure of Risk – Etsy, Inc., (NASDAQ: ETSY) – Stock Watch (stocksnewstimes.com)
- ETFs with exposure to Etsy, Inc. : November 15, 2017 (finance.yahoo.com)
- Etsy, Inc. :ETSY-US: Earnings Analysis: Q3, 2017 By the Numbers : November 14, 2017 (finance.yahoo.com)
Several brokerages have weighed in on ETSY. BidaskClub upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Royal Bank Of Canada raised their target price on shares of Etsy from $16.00 to $18.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. Ifs Securities restated an “outperform” rating and issued a $22.00 target price (up from $18.00) on shares of Etsy in a research note on Tuesday, November 7th. Roth Capital set a $14.00 target price on shares of Etsy and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.69.
Etsy (ETSY) traded down $0.05 during trading hours on Thursday, hitting $16.42. 6,425,344 shares of the stock traded hands, compared to its average volume of 1,935,731. Etsy has a 1-year low of $9.41 and a 1-year high of $17.90. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2,019.24, a P/E ratio of 66.36, a P/E/G ratio of 2.55 and a beta of 1.19.
In other news, Director Frederick R. Wilson sold 87,938 shares of Etsy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $16.24, for a total transaction of $1,428,113.12. Following the completion of the sale, the director now directly owns 822,062 shares in the company, valued at $13,350,286.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.
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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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