KeyCorp reissued their overweight rating on shares of Etsy (NASDAQ:ETSY) in a research note released on Wednesday, March 14th. The brokerage currently has a $33.00 price objective on the specialty retailer’s stock, up from their prior price objective of $28.00. KeyCorp also issued estimates for Etsy’s Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.39 EPS and FY2019 earnings at $0.52 EPS.
Several other equities research analysts have also weighed in on ETSY. BidaskClub raised Etsy from a hold rating to a buy rating in a research report on Saturday, December 9th. Zacks Investment Research raised Etsy from a hold rating to a buy rating and set a $23.00 target price on the stock in a research report on Tuesday, January 9th. Morgan Stanley lowered Etsy from an equal weight rating to an underweight rating and set a $17.00 target price on the stock. in a research report on Friday, January 12th. Roth Capital raised Etsy from a neutral rating to a buy rating and increased 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 issued a $24.00 target price (up from $18.00) on shares of Etsy in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Etsy currently has a consensus rating of Hold and an average price target of $21.96.
Shares of ETSY stock traded down $0.91 on Wednesday, hitting $27.63. 2,878,333 shares of the stock traded hands, compared to its average volume of 2,808,278. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3,357.13, a P/E ratio of 72.71, a P/E/G ratio of 4.38 and a beta of 0.19. Etsy has a 1-year low of $9.90 and a 1-year high of $29.15.
Etsy (NASDAQ:ETSY) last issued its earnings results on Tuesday, February 27th. The specialty retailer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.07. Etsy had a return on equity of 13.20% and a net margin of 18.54%. The firm had revenue of $136.27 million for the quarter, compared to analyst estimates of $132.89 million. research analysts forecast that Etsy will post 0.36 EPS for the current fiscal year.
In other news, Director Jonathan D. Klein sold 50,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $21.31, for a total value of $1,065,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Tuttle Tactical Management LLC bought a new position in Etsy during the fourth quarter valued at about $1,463,000. William Blair Investment Management LLC boosted its stake in Etsy by 63.0% during the fourth quarter. William Blair Investment Management LLC now owns 313,418 shares of the specialty retailer’s stock valued at $6,409,000 after buying an additional 121,193 shares in the last quarter. Pier Capital LLC bought a new position in Etsy during the fourth quarter valued at about $4,476,000. MetLife Investment Advisors LLC bought a new position in Etsy during the fourth quarter valued at about $1,126,000. Finally, Gotham Asset Management LLC bought a new position in Etsy during the fourth quarter valued at about $2,348,000. 79.84% of the stock is owned by institutional investors and hedge funds.
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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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