Shares of Etsy, Inc. (NASDAQ:ETSY – Get Free Report) have been given an average rating of “Hold” by the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $118.43.
Several equities research analysts recently weighed in on ETSY shares. Oppenheimer dropped their price target on Etsy from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Loop Capital decreased their price target on shares of Etsy from $105.00 to $100.00 in a research note on Thursday, June 22nd. Jefferies Financial Group boosted their price objective on shares of Etsy from $75.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 25th. Morgan Stanley decreased their target price on shares of Etsy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, August 3rd. Finally, BTIG Research cut their price target on Etsy from $130.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, June 30th.
Read Our Latest Stock Analysis on Etsy
Etsy Trading Down 0.1 %
Shares of Etsy stock opened at $72.74 on Thursday. The company’s fifty day simple moving average is $83.96 and its two-hundred day simple moving average is $94.86. Etsy has a 12-month low of $71.28 and a 12-month high of $149.91. The company has a market cap of $8.95 billion, a P/E ratio of -12.39, a PEG ratio of 3.79 and a beta of 2.03.
Etsy (NASDAQ:ETSY – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.42. The company had revenue of $628.88 million during the quarter, compared to the consensus estimate of $621.87 million. Etsy had a negative net margin of 26.84% and a negative return on equity of 69.10%. Analysts predict that Etsy will post 2.73 EPS for the current fiscal year.
Insider Buying and Selling at Etsy
In other Etsy news, insider Nicholas Daniel sold 1,760 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $101.65, for a total transaction of $178,904.00. Following the completion of the sale, the insider now directly owns 8,704 shares in the company, valued at approximately $884,761.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Etsy news, insider Nicholas Daniel sold 1,760 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $101.65, for a total value of $178,904.00. Following the transaction, the insider now directly owns 8,704 shares in the company, valued at $884,761.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marla J. Blow sold 600 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $73.11, for a total transaction of $43,866.00. Following the sale, the director now directly owns 3,289 shares of the company’s stock, valued at approximately $240,458.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,998 shares of company stock valued at $7,859,120. 2.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of Etsy by 16.1% in the first quarter. Private Advisor Group LLC now owns 5,222 shares of the specialty retailer’s stock worth $649,000 after purchasing an additional 725 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Etsy by 320.6% in the 1st quarter. Panagora Asset Management Inc. now owns 11,255 shares of the specialty retailer’s stock worth $1,399,000 after buying an additional 8,579 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Etsy by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,964 shares of the specialty retailer’s stock valued at $2,108,000 after acquiring an additional 1,051 shares during the period. Yousif Capital Management LLC lifted its position in shares of Etsy by 0.7% in the first quarter. Yousif Capital Management LLC now owns 29,567 shares of the specialty retailer’s stock valued at $3,675,000 after acquiring an additional 211 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in shares of Etsy by 7.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock worth $280,000 after acquiring an additional 153 shares during the period. Institutional investors own 92.98% of the company’s stock.
Etsy Company Profile
(Get Free Report
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.
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