Etsy (NASDAQ:ETSY)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a note issued to investors on Friday, AnalystRatings.com reports. They currently have a $70.00 price target on the specialty retailer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 2.73% from the stock’s previous close.
ETSY has been the subject of a number of other research reports. BTIG Research upgraded Etsy from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a report on Thursday, July 25th. ValuEngine lowered Etsy from a “buy” rating to a “hold” rating in a research report on Thursday. Canaccord Genuity started coverage on Etsy in a research report on Thursday, April 4th. They set a “buy” rating and a $85.00 price target on the stock. BidaskClub lowered Etsy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Finally, Zacks Investment Research lowered Etsy from a “buy” rating to a “hold” rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Etsy has a consensus rating of “Buy” and a consensus price target of $71.75.
NASDAQ ETSY opened at $68.14 on Friday. Etsy has a 12 month low of $38.02 and a 12 month high of $73.35. The company’s 50-day moving average is $65.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.87 and a current ratio of 4.87. The firm has a market cap of $8.17 billion, a P/E ratio of 111.70, a P/E/G ratio of 4.46 and a beta of 0.92.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The company had revenue of $169.33 million during the quarter, compared to the consensus estimate of $170.72 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. On average, analysts expect that Etsy will post 0.79 EPS for the current fiscal year.
In other Etsy news, insider Michael T. Fisher sold 57,292 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $68.65, for a total value of $3,933,095.80. Following the sale, the insider now directly owns 84,518 shares of the company’s stock, valued at $5,802,160.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Michael T. Fisher sold 5,209 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $61.31, for a total value of $319,363.79. Following the completion of the sale, the chief technology officer now directly owns 32,435 shares in the company, valued at $1,988,589.85. The disclosure for this sale can be found here. Insiders sold 85,656 shares of company stock worth $5,691,884 over the last ninety days. 3.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Etsy by 1.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,462 shares of the specialty retailer’s stock worth $1,039,000 after purchasing an additional 147 shares in the last quarter. Aperio Group LLC grew its stake in shares of Etsy by 0.4% in the second quarter. Aperio Group LLC now owns 41,990 shares of the specialty retailer’s stock worth $2,577,000 after purchasing an additional 175 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Etsy in the first quarter worth $13,445,000. Suntrust Banks Inc. grew its stake in shares of Etsy by 5.2% in the fourth quarter. Suntrust Banks Inc. now owns 4,654 shares of the specialty retailer’s stock worth $221,000 after purchasing an additional 230 shares in the last quarter. Finally, Keybank National Association OH grew its stake in shares of Etsy by 2.1% in the second quarter. Keybank National Association OH now owns 11,069 shares of the specialty retailer’s stock worth $679,000 after purchasing an additional 232 shares in the last quarter. 95.61% of the stock is currently owned by hedge funds and other institutional investors.
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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