Other equities research analysts have also recently issued reports about the company. KeyCorp began coverage on Etsy in a report on Wednesday, December 20th. They set an overweight rating for the company. Citigroup raised their price target on Etsy from $17.50 to $25.50 and gave the company a neutral rating in a report on Monday, March 5th. Piper Jaffray reaffirmed a hold rating and set a $23.00 price target on shares of Etsy in a report on Thursday, March 1st. BidaskClub raised Etsy from a hold rating to a buy rating in a report on Friday, February 16th. Finally, DA Davidson raised their price target on Etsy from $26.00 to $28.00 and gave the company a buy rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Etsy has an average rating of Buy and a consensus target price of $24.65.
Etsy stock opened at $30.23 on Monday. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $3,679.10, a P/E ratio of 79.55, a P/E/G ratio of 4.80 and a beta of 0.19. Etsy has a one year low of $9.90 and a one year high of $30.95.
Etsy (NASDAQ:ETSY) last posted its earnings results on Tuesday, February 27th. The specialty retailer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.07. The business had revenue of $136.27 million during the quarter, compared to the consensus estimate of $132.89 million. Etsy had a return on equity of 13.20% and a net margin of 18.54%. equities 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 Etsy stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $30.00, for a total value of $1,500,000.00. Following the completion of the sale, the director now directly owns 143,547 shares of the company’s stock, valued at approximately $4,306,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. BlackRock Inc. grew its stake in shares of Etsy by 7.7% during the fourth quarter. BlackRock Inc. now owns 7,401,461 shares of the specialty retailer’s stock worth $151,362,000 after purchasing an additional 532,284 shares during the period. Renaissance Technologies LLC grew its stake in shares of Etsy by 66.8% during the fourth quarter. Renaissance Technologies LLC now owns 5,631,800 shares of the specialty retailer’s stock worth $115,170,000 after purchasing an additional 2,255,391 shares during the period. Wells Fargo & Company MN grew its stake in shares of Etsy by 54.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,329,941 shares of the specialty retailer’s stock worth $47,647,000 after purchasing an additional 816,636 shares during the period. Two Sigma Investments LP grew its stake in shares of Etsy by 221.4% during the fourth quarter. Two Sigma Investments LP now owns 1,927,194 shares of the specialty retailer’s stock worth $39,411,000 after purchasing an additional 1,327,537 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Etsy by 3,196.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,635,244 shares of the specialty retailer’s stock worth $33,441,000 after purchasing an additional 1,585,644 shares during the period. 79.66% of the stock is owned by institutional investors.
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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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