Shares of Etsy Inc (NASDAQ:ETSY) have been given a consensus recommendation of “Buy” by the twenty analysts that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $70.00.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Etsy from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Stifel Nicolaus boosted their price objective on Etsy from $58.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Morgan Stanley boosted their price objective on Etsy from $49.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, March 11th. CIBC assumed coverage on Etsy in a report on Friday, March 29th. They issued a “market perform” rating for the company. Finally, BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a report on Friday, March 1st.
In related news, insider Michael T. Fisher sold 57,292 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 84,518 shares of the company’s stock, valued at approximately $5,802,160.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Goyal Kruti Patel sold 3,753 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $69.69, for a total value of $261,546.57. Following the completion of the transaction, the senior vice president now directly owns 16,389 shares of the company’s stock, valued at approximately $1,142,149.41. The disclosure for this sale can be found here. Insiders sold a total of 184,285 shares of company stock valued at $12,638,801 in the last ninety days. 3.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC purchased a new stake in Etsy during the 1st quarter worth approximately $30,000. Institutional & Family Asset Management LLC increased its stake in Etsy by 267.7% during the 1st quarter. Institutional & Family Asset Management LLC now owns 467 shares of the specialty retailer’s stock worth $31,000 after buying an additional 340 shares in the last quarter. Optimum Investment Advisors purchased a new stake in Etsy during the 4th quarter worth approximately $33,000. Rockefeller Capital Management L.P. purchased a new stake in Etsy during the 1st quarter worth approximately $33,000. Finally, Quantamental Technologies LLC purchased a new stake in Etsy during the 4th quarter worth approximately $43,000. 93.69% of the stock is owned by institutional investors.
ETSY traded up $2.09 on Thursday, reaching $65.21. 77,322 shares of the stock were exchanged, compared to its average volume of 2,747,532. Etsy has a fifty-two week low of $28.60 and a fifty-two week high of $73.35. 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 stock has a market cap of $7.84 billion, a P/E ratio of 106.90, a P/E/G ratio of 3.96 and a beta of 0.98.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The business had revenue of $169.33 million during the quarter, compared to analysts’ expectations of $170.72 million. Etsy had a return on equity of 24.24% and a net margin of 14.74%. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. Analysts predict that Etsy will post 0.82 EPS for the current fiscal year.
Etsy Company Profile
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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