Etsy Inc (NASDAQ:ETSY) – Research analysts at DA Davidson issued their Q2 2019 earnings estimates for shares of Etsy in a report released on Tuesday, October 30th. DA Davidson analyst T. Forte anticipates that the specialty retailer will post earnings of $0.18 per share for the quarter. DA Davidson has a “Buy” rating and a $59.00 price objective on the stock.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Monday, August 6th. The specialty retailer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $132.39 million during the quarter, compared to analyst estimates of $127.10 million. Etsy had a net margin of 17.52% and a return on equity of 13.23%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS.
A number of other brokerages have also weighed in on ETSY. BidaskClub lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Loop Capital raised their price target on shares of Etsy to $55.00 and gave the company a “positive” rating in a report on Monday, August 6th. KeyCorp raised their price target on shares of Etsy from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th. TheStreet lowered shares of Etsy from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. Finally, Wedbush initiated coverage on shares of Etsy in a report on Friday, September 14th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.04.
Shares of Etsy stock opened at $43.46 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.87 and a quick ratio of 5.87. The company has a market capitalization of $4.96 billion, a P/E ratio of 103.47, a P/E/G ratio of 6.50 and a beta of 0.23. Etsy has a fifty-two week low of $16.08 and a fifty-two week high of $53.25.
In other Etsy news, Director M Michele Burns sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $43.85, for a total value of $219,250.00. Following the transaction, the director now directly owns 18,487 shares of the company’s stock, valued at $810,654.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Melissa Reiff sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $46.01, for a total transaction of $1,610,350.00. Following the completion of the transaction, the director now directly owns 25,285 shares in the company, valued at $1,163,362.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,062 shares of company stock worth $4,834,580. Insiders own 2.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in Etsy by 4.5% in the second quarter. Renaissance Technologies LLC now owns 8,236,200 shares of the specialty retailer’s stock valued at $347,485,000 after acquiring an additional 351,600 shares during the last quarter. BlackRock Inc. boosted its stake in Etsy by 4.1% in the second quarter. BlackRock Inc. now owns 8,022,998 shares of the specialty retailer’s stock valued at $338,492,000 after acquiring an additional 314,975 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in Etsy by 1.8% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,586,261 shares of the specialty retailer’s stock valued at $235,642,000 after acquiring an additional 79,702 shares during the last quarter. Congress Asset Management Co. MA bought a new position in Etsy in the third quarter valued at approximately $88,001,000. Finally, Millennium Management LLC boosted its stake in Etsy by 10.3% in the second quarter. Millennium Management LLC now owns 1,519,119 shares of the specialty retailer’s stock valued at $64,092,000 after acquiring an additional 141,470 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
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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