News coverage about Etsy (NASDAQ:ETSY) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Etsy earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 46.3095046786771 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
Shares of Etsy (ETSY) traded down $1.02 during mid-day trading on Friday, hitting $19.54. The stock had a trading volume of 3,060,000 shares, compared to its average volume of 2,400,000. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2,380.00 and a PE ratio of 162.83. Etsy has a 12 month low of $9.41 and a 12 month high of $21.86.
Etsy announced that its Board of Directors has approved a stock repurchase program on Friday, November 17th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
A number of analysts have weighed in on the company. Morgan Stanley cut Etsy from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Friday. KeyCorp assumed coverage on Etsy in a research report on Wednesday, December 20th. They issued an “overweight” rating on the stock. BidaskClub cut Etsy from a “buy” rating to a “hold” rating in a research report on Saturday. Ifs Securities reiterated an “outperform” rating and issued a $22.00 price target (up from $18.00) on shares of Etsy in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada upped their price target on Etsy from $16.00 to $18.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.19.
In other news, Director Frederick R. Wilson sold 87,938 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $16.24, for a total transaction of $1,428,113.12. Following the sale, the director now owns 822,062 shares in the company, valued at $13,350,286.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by corporate insiders.
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Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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