Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Etsy (ETSY) Stock Price
News stories about Etsy (NASDAQ:ETSY) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of 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 0.23 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 46.3025622960586 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Stock on Trader’s Radar: Etsy Inc (ETSY) – Post Registrar (postregistrar.com)
- Etsy Inc (ETSY): Too Much Market Value for Too Small a Market – Investorplace.com (investorplace.com)
- Etsy, Inc. (ETSY) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Etsy, Inc. (NASDAQ:ETSY) Stock Traded 5.0% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
A number of research firms have recently commented on ETSY. BidaskClub upgraded Etsy from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Ifs Securities restated an “outperform” rating and issued a $18.00 price objective on shares of Etsy in a research report on Thursday, August 24th. Roth Capital set a $14.00 price objective on Etsy and gave the company a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price objective (down from $14.00) on shares of Etsy in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus boosted their price objective on Etsy from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Etsy has a consensus rating of “Hold” and an average target price of $14.62.
Shares of Etsy (ETSY) traded up 1.25% during mid-day trading on Wednesday, hitting $16.23. The stock had a trading volume of 262,227 shares. Etsy has a 52-week low of $9.41 and a 52-week high of $16.69. The company’s market cap is $1.80 billion. The stock has a 50 day moving average price of $15.12 and a 200-day moving average price of $12.82.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. The business had revenue of $101.70 million for the quarter, compared to the consensus estimate of $101.14 million. During the same period in the prior year, the business posted ($0.06) earnings per share. Etsy’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities analysts expect that Etsy will post $0.27 earnings per share for the current fiscal year.
In other Etsy news, CEO Josh Silverman acquired 64,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average cost of $15.67 per share, for a total transaction 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 approximately $1,002,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.00% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Etsy (ETSY) Stock Price” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-etsy-etsy-stock-price/1531894.html.
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.
Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.