Etsy Inc (NASDAQ:ETSY) Director Jonathan D. Klein sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $70.83, for a total value of $2,124,900.00. Following the transaction, the director now directly owns 109,265 shares in the company, valued at approximately $7,739,239.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:ETSY opened at $69.91 on Friday. Etsy Inc has a 1-year low of $26.54 and a 1-year high of $73.35. The company has a current ratio of 6.07, a quick ratio of 6.07 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 114.61, a P/E/G ratio of 7.58 and a beta of 1.04.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Monday, February 25th. The specialty retailer reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The company had revenue of $200.00 million for the quarter, compared to analyst estimates of $194.77 million. Etsy had a return on equity of 20.00% and a net margin of 12.84%. Etsy’s revenue was up 46.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Research analysts anticipate that Etsy Inc will post 0.69 EPS for the current year.
Several brokerages have recently issued reports on ETSY. Deutsche Bank began coverage on Etsy in a research note on Tuesday, January 29th. They set a “buy” rating and a $64.00 price target on the stock. Loop Capital set a $70.00 price target on Etsy and gave the company a “buy” rating in a research note on Monday, December 17th. BTIG Research upped their price target on Etsy to $67.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Roth Capital upped their price target on Etsy from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, TheStreet raised Etsy from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Etsy presently has a consensus rating of “Buy” and a consensus price target of $66.29.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Etsy by 13.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock worth $80,000 after purchasing an additional 200 shares during the period. Suntrust Banks Inc. raised its position in shares of Etsy by 5.2% during the fourth quarter. Suntrust Banks Inc. now owns 4,654 shares of the specialty retailer’s stock worth $221,000 after purchasing an additional 230 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Etsy by 13.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,260 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Etsy by 8.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,103 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 531 shares during the period. Finally, Cornerstone Advisors Inc. acquired a new stake in shares of Etsy during the third quarter worth about $29,000. 93.22% of the stock is currently owned by 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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