Etsy Inc (NASDAQ:ETSY) – Stock analysts at KeyCorp boosted their Q2 2020 EPS estimates for shares of Etsy in a note issued to investors on Monday, June 29th. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $0.49 for the quarter, up from their prior estimate of $0.46. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock. KeyCorp also issued estimates for Etsy’s Q1 2021 earnings at $0.18 EPS and Q4 2021 earnings at $0.95 EPS.
Other equities analysts have also recently issued research reports about the company. Roth Capital boosted their price target on Etsy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Nomura Instinet boosted their target price on Etsy from $66.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BidaskClub upgraded Etsy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Jefferies Financial Group upgraded Etsy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $110.00 in a research report on Wednesday, June 10th. Finally, Citigroup boosted their target price on Etsy from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Etsy presently has a consensus rating of “Buy” and a consensus price target of $87.81.
Shares of ETSY stock opened at $106.23 on Wednesday. The stock has a market capitalization of $12.21 billion, a PE ratio of 168.67, a price-to-earnings-growth ratio of 4.36 and a beta of 1.69. Etsy has a 52-week low of $29.95 and a 52-week high of $107.32. The stock’s 50-day moving average price is $84.15 and its 200 day moving average price is $59.36. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 2.08.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, May 6th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.08). The company had revenue of $228.05 million during the quarter, compared to analyst estimates of $219.34 million. Etsy had a net margin of 8.76% and a return on equity of 18.68%. The business’s revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS.
A number of hedge funds have recently bought and sold shares of the stock. Sowell Financial Services LLC lifted its stake in Etsy by 23.4% in the 1st quarter. Sowell Financial Services LLC now owns 1,035 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Etsy by 0.8% in the 4th quarter. Advisors Asset Management Inc. now owns 25,793 shares of the specialty retailer’s stock valued at $1,143,000 after buying an additional 207 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in Etsy by 2.1% in the 4th quarter. First Republic Investment Management Inc. now owns 11,803 shares of the specialty retailer’s stock valued at $523,000 after buying an additional 242 shares in the last quarter. Comerica Bank lifted its stake in Etsy by 0.4% in the 1st quarter. Comerica Bank now owns 68,644 shares of the specialty retailer’s stock valued at $4,544,000 after buying an additional 282 shares in the last quarter. Finally, MAI Capital Management lifted its stake in Etsy by 2.6% in the 1st quarter. MAI Capital Management now owns 13,625 shares of the specialty retailer’s stock valued at $524,000 after buying an additional 350 shares in the last quarter. 97.95% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Frederick R. Wilson sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.33, for a total value of $3,016,500.00. Following the sale, the director now owns 700,600 shares of the company’s stock, valued at approximately $42,267,198. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Raina Moskowitz sold 785 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $68.00, for a total value of $53,380.00. Following the completion of the sale, the senior vice president now directly owns 7,732 shares in the company, valued at approximately $525,776. The disclosure for this sale can be found here. In the last 90 days, insiders sold 308,090 shares of company stock worth $22,537,118. Insiders own 3.80% of the company’s stock.
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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