Etsy Inc (NASDAQ:ETSY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 14,740,000 shares, an increase of 10.8% from the December 15th total of 13,300,000 shares. Approximately 12.6% of the shares of the company are sold short. Based on an average trading volume of 3,150,000 shares, the days-to-cover ratio is currently 4.7 days.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC bought a new position in shares of Etsy in the third quarter worth approximately $27,000. Compagnie Lombard Odier SCmA purchased a new stake in Etsy during the 2nd quarter valued at about $31,000. AdvisorNet Financial Inc bought a new stake in Etsy during the 3rd quarter valued at about $29,000. Flagship Harbor Advisors LLC increased its stake in Etsy by 132.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 536 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 305 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its holdings in Etsy by 171.0% in the third quarter. Carroll Financial Associates Inc. now owns 542 shares of the specialty retailer’s stock worth $30,000 after buying an additional 342 shares during the last quarter. 99.63% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on ETSY. BidaskClub raised shares of Etsy from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 17th. ValuEngine raised Etsy from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Capital dropped their price objective on Etsy from $76.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Nomura reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Etsy in a research note on Monday, January 6th. Finally, Canaccord Genuity reduced their price objective on Etsy from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $66.30.
ETSY traded up $1.97 on Thursday, reaching $50.83. The stock had a trading volume of 1,576,477 shares, compared to its average volume of 2,106,645. The company has a current ratio of 6.11, a quick ratio of 6.11 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 83.33, a price-to-earnings-growth ratio of 3.01 and a beta of 0.93. Etsy has a fifty-two week low of $39.76 and a fifty-two week high of $73.35. The firm has a 50-day moving average of $44.03 and a 200-day moving average of $52.78.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. The firm had revenue of $197.95 million for the quarter, compared to analyst estimates of $193.31 million. Etsy had a return on equity of 25.62% and a net margin of 14.14%. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. Sell-side analysts anticipate that Etsy will post 0.68 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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