Etsy Inc (NASDAQ:ETSY) shares gapped up before the market opened on Monday . The stock had previously closed at $57.49, but opened at $56.86. Etsy shares last traded at $57.10, with a volume of 61,168 shares changing hands.
ETSY has been the topic of a number of analyst reports. Morgan Stanley set a $65.00 price objective on shares of Etsy and gave the company a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research lowered shares of Etsy from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. TheStreet lowered shares of Etsy from a “b” rating to a “c+” rating in a research note on Friday, May 24th. Wedbush upgraded shares of Etsy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $64.00 to $66.00 in a research note on Friday, September 13th. Finally, Needham & Company LLC initiated coverage on shares of Etsy in a research note on Monday, July 1st. They set a “buy” rating and a $75.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $73.27.
The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $55.19 and its 200-day moving average is $63.33. The firm has a market cap of $7.33 billion, a P/E ratio of 99.48, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Thursday, August 1st. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $181.10 million during the quarter, compared to analyst estimates of $183.28 million. Etsy had a net margin of 15.83% and a return on equity of 26.77%. The business’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, equities analysts predict that Etsy Inc will post 0.79 earnings per share for the current year.
In other Etsy news, CTO Michael T. Fisher sold 5,208 shares of Etsy stock in a transaction on Friday, July 5th. The shares were sold at an average price of $63.37, for a total value of $330,030.96. Following the completion of the transaction, the chief technology officer now owns 22,580 shares of the company’s stock, valued at $1,430,894.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Goyal Kruti Patel sold 4,505 shares of Etsy stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $61.80, for a total transaction of $278,409.00. Following the completion of the transaction, the senior vice president now directly owns 16,389 shares of the company’s stock, valued at approximately $1,012,840.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,572 shares of company stock valued at $1,987,881. Insiders own 3.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ETSY. Dimensional Fund Advisors LP boosted its holdings in Etsy by 57.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 240,246 shares of the specialty retailer’s stock worth $11,429,000 after purchasing an additional 87,209 shares during the period. Geode Capital Management LLC boosted its holdings in Etsy by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 1,498,337 shares of the specialty retailer’s stock worth $71,275,000 after purchasing an additional 104,042 shares during the period. Comerica Bank boosted its holdings in Etsy by 6.8% in the first quarter. Comerica Bank now owns 33,103 shares of the specialty retailer’s stock worth $2,258,000 after purchasing an additional 2,100 shares during the period. Stephens Inc. AR acquired a new position in Etsy in the first quarter worth $319,000. Finally, Cetera Advisors LLC acquired a new position in shares of Etsy during the first quarter valued at $234,000. 92.44% of the stock is owned by hedge funds and other institutional investors.
About Etsy (NASDAQ:ETSY)
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.
Further Reading: What is a good rate of return for a mutual fund?
Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.