Etsy Inc (NASDAQ:ETSY) – Equities researchers at KeyCorp increased their Q2 2018 earnings per share (EPS) estimates for Etsy in a research report issued on Tuesday, March 13th, according to Zacks Investment Research. KeyCorp analyst E. Yruma now expects that the specialty retailer will post earnings per share of $0.02 for the quarter, up from their prior forecast of $0.01. KeyCorp has a “Overweight” rating and a $33.00 price objective on the stock. KeyCorp also issued estimates for Etsy’s Q3 2018 earnings at $0.10 EPS.
ETSY has been the topic of a number of other reports. Morgan Stanley lowered shares of Etsy from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research report on Friday, January 12th. Zacks Investment Research raised shares of Etsy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Roth Capital raised shares of Etsy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.50 to $28.00 in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $24.00 target price (up from $18.00) on shares of Etsy in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.96.
Etsy stock traded down $0.91 during midday trading on Friday, reaching $27.63. The stock had a trading volume of 2,877,258 shares, compared to its average volume of 2,808,278. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.29 and a quick ratio of 4.29. Etsy has a 52-week low of $9.90 and a 52-week high of $29.15. The firm has a market capitalization of $3,467.69, a P/E ratio of 72.71, a price-to-earnings-growth ratio of 4.53 and a beta of 0.19.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Tuesday, February 27th. The specialty retailer reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. Etsy had a net margin of 18.54% and a return on equity of 13.20%. The company had revenue of $136.27 million for the quarter, compared to analyst estimates of $132.89 million.
In other news, Director Jonathan D. Klein sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.31, for a total transaction of $1,065,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. Renaissance Technologies LLC boosted its stake in shares of Etsy by 66.8% during the fourth quarter. Renaissance Technologies LLC now owns 5,631,800 shares of the specialty retailer’s stock valued at $115,170,000 after purchasing an additional 2,255,391 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Etsy by 3,196.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,635,244 shares of the specialty retailer’s stock valued at $33,441,000 after acquiring an additional 1,585,644 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in Etsy by 9,134.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,459,522 shares of the specialty retailer’s stock valued at $29,847,000 after acquiring an additional 1,443,716 shares in the last quarter. Two Sigma Investments LP boosted its stake in Etsy by 221.4% in the fourth quarter. Two Sigma Investments LP now owns 1,927,194 shares of the specialty retailer’s stock valued at $39,411,000 after acquiring an additional 1,327,537 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Etsy in the fourth quarter valued at approximately $21,709,000. Hedge funds and other institutional investors own 79.84% of the company’s stock.
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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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