Etsy Inc (NASDAQ:ETSY) – Research analysts at KeyCorp issued their Q1 2019 EPS estimates for shares of Etsy in a research note issued on Thursday. KeyCorp analyst E. Yruma anticipates that the specialty retailer will earn $0.06 per share for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for Etsy’s Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.13 EPS and Q4 2019 earnings at $0.21 EPS.
ETSY has been the subject of a number of other reports. Morgan Stanley downgraded shares of Etsy from an “equal weight” rating to an “underweight” rating and set a $17.00 target price for the company. in a research report on Friday, January 12th. Royal Bank of Canada restated a “sector perform” rating and set a $18.00 target price (up from $16.00) on shares of Etsy in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (up from $15.00) on shares of Etsy in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.19.
Etsy (ETSY) traded up $0.35 during midday trading on Monday, reaching $21.31. 2,922,500 shares of the company were exchanged, compared to its average volume of 1,962,090. The firm has a market capitalization of $2,551.13, a P/E ratio of 182.63, a PEG ratio of 4.10 and a beta of 0.92. Etsy has a 52 week low of $9.41 and a 52 week high of $22.34. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19.
Etsy declared that its board has authorized a share repurchase plan on Friday, November 17th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its holdings in Etsy by 99.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock valued at $137,000 after buying an additional 3,361 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Etsy in the fourth quarter valued at $154,000. Royal Bank of Canada increased its holdings in Etsy by 30.3% in the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock valued at $133,000 after buying an additional 2,049 shares in the last quarter. Keybank National Association OH purchased a new position in Etsy in the fourth quarter valued at $205,000. Finally, Ameritas Investment Partners Inc. increased its holdings in Etsy by 12.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 1,092 shares in the last quarter. 80.42% of the stock is owned by institutional investors.
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Etsy Company Profile
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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