Etsy (NASDAQ:ETSY) had its target price hoisted by Royal Bank of Canada from $45.00 to $52.00 in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have a sector perform rating on the specialty retailer’s stock.
ETSY has been the subject of a number of other research reports. TheStreet lowered shares of Etsy from a b- rating to a c+ rating in a report on Tuesday, October 9th. Loop Capital set a $57.00 price target on shares of Etsy and gave the company a buy rating in a report on Tuesday. Zacks Investment Research lowered shares of Etsy from a buy rating to a hold rating in a report on Thursday, August 9th. Wedbush assumed coverage on shares of Etsy in a report on Friday, September 14th. They issued a buy rating for the company. Finally, KeyCorp boosted their price target on shares of Etsy from $51.00 to $59.00 and gave the company an overweight rating in a report on Tuesday, October 2nd. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $45.96.
ETSY traded down $2.09 during trading on Wednesday, reaching $52.01. 5,682,656 shares of the company’s stock were exchanged, compared to its average volume of 2,926,906. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.87 and a current ratio of 5.87. Etsy has a fifty-two week low of $16.13 and a fifty-two week high of $55.71. The firm has a market capitalization of $5.99 billion, a PE ratio of 136.87, a P/E/G ratio of 7.80 and a beta of 0.61.
Etsy (NASDAQ:ETSY) last released its earnings results on Tuesday, November 6th. The specialty retailer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Etsy had a net margin of 15.00% and a return on equity of 14.20%. The firm had revenue of $150.37 million during the quarter, compared to analyst estimates of $149.76 million. During the same quarter in the previous year, the business earned $0.21 EPS. The business’s quarterly revenue was up 41.4% compared to the same quarter last year. Equities analysts forecast that Etsy will post 0.44 EPS for the current year.
In related news, Director Frederick R. Wilson sold 22,062 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $45.48, for a total value of $1,003,379.76. Following the completion of the transaction, the director now directly owns 23,487 shares of the company’s stock, valued at approximately $1,068,188.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Melissa Reiff sold 35,000 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $46.01, for a total transaction of $1,610,350.00. Following the completion of the transaction, the director now directly owns 25,285 shares of the company’s stock, valued at $1,163,362.85. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in Etsy in the 2nd quarter worth $102,000. Moneta Group Investment Advisors LLC bought a new stake in Etsy during the 2nd quarter worth about $146,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Etsy during the 3rd quarter worth about $149,000. PARK CIRCLE Co lifted its position in Etsy by 100.0% during the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock worth $169,000 after buying an additional 2,000 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in Etsy during the 2nd quarter worth about $201,000. 88.26% of the stock is owned by hedge funds and other institutional investors.
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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