Etsy (NASDAQ:ETSY) had its price target lifted by research analysts at Loop Capital from $37.00 to $50.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the specialty retailer’s stock. Loop Capital’s target price points to a potential upside of 15.39% from the stock’s previous close.
Several other research firms also recently issued reports on ETSY. DA Davidson lifted their price target on Etsy to $51.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. Stifel Nicolaus lifted their price target on Etsy from $30.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, June 15th. KeyCorp lifted their price target on Etsy from $36.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, June 15th. Royal Bank of Canada lifted their price target on Etsy to $42.00 and gave the stock a “sector perform” rating in a research note on Friday, June 15th. Finally, ValuEngine raised Etsy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $33.21.
Etsy opened at $43.33 on Monday, MarketBeat reports. The firm has a market cap of $5.08 billion, a PE ratio of 114.03, a PEG ratio of 5.40 and a beta of 0.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 6.62 and a quick ratio of 6.62. Etsy has a 52-week low of $13.58 and a 52-week high of $44.78.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Tuesday, May 8th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The business had revenue of $120.91 million during the quarter, compared to the consensus estimate of $119.53 million. Etsy had a return on equity of 16.10% and a net margin of 20.46%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts expect that Etsy will post 0.43 EPS for the current fiscal year.
In related news, Director Jonathan D. Klein sold 50,000 shares of the business’s stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $30.00, for a total value of $1,500,000.00. Following the completion of the transaction, the director now owns 143,547 shares of the company’s stock, valued at approximately $4,306,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH increased its stake in shares of Etsy by 132.5% during the 1st quarter. Allianz Asset Management GmbH now owns 38,298 shares of the specialty retailer’s stock valued at $1,075,000 after acquiring an additional 21,823 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Etsy during the 1st quarter valued at about $341,000. Highbridge Capital Management LLC increased its stake in shares of Etsy by 549.9% during the 1st quarter. Highbridge Capital Management LLC now owns 162,104 shares of the specialty retailer’s stock valued at $4,548,000 after acquiring an additional 137,163 shares during the last quarter. Millennium Management LLC increased its stake in shares of Etsy by 21.8% during the 1st quarter. Millennium Management LLC now owns 1,377,649 shares of the specialty retailer’s stock valued at $38,657,000 after acquiring an additional 246,788 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Etsy during the 1st quarter valued at about $603,000. 84.39% of the stock is owned by institutional investors.
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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