Etsy (NASDAQ:ETSY) Hits New 1-Year High at $208.68


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Shares of Etsy, Inc. (NASDAQ:ETSY) reached a new 52-week high during trading on Tuesday . The company traded as high as $208.68 and last traded at $207.65, with a volume of 197249 shares traded. The stock had previously closed at $183.04.

A number of equities analysts have commented on ETSY shares. BidaskClub cut shares of Etsy from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Etsy from $156.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Loop Capital boosted their target price on Etsy from $165.00 to $210.00 in a research note on Monday, December 21st. Wedbush boosted their target price on Etsy from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 24th. Finally, Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research note on Tuesday, December 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. Etsy currently has a consensus rating of “Buy” and a consensus price target of $145.77.

The stock has a market capitalization of $26.81 billion, a PE ratio of 115.02, a PEG ratio of 2.82 and a beta of 1.69. The business has a 50 day moving average price of $172.57 and a 200 day moving average price of $135.85. The company has a debt-to-equity ratio of 1.65, a current ratio of 4.98 and a quick ratio of 4.98.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, October 28th. The specialty retailer reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Etsy had a return on equity of 46.30% and a net margin of 16.83%. The company had revenue of $451.48 million for the quarter, compared to the consensus estimate of $418.72 million. On average, equities analysts expect that Etsy, Inc. will post 2.31 earnings per share for the current year.

In related news, insider Raina Moskowitz sold 2,500 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $130.76, for a total transaction of $326,900.00. Following the completion of the sale, the insider now owns 8,993 shares in the company, valued at $1,175,924.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Josh Silverman sold 2,180 shares of the stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $130.85, for a total value of $285,253.00. Following the sale, the chief executive officer now owns 2,180 shares of the company’s stock, valued at approximately $285,253. The disclosure for this sale can be found here. Insiders sold 208,921 shares of company stock worth $28,729,974 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETSY. Amundi Pioneer Asset Management Inc. acquired a new stake in Etsy during the first quarter worth $1,681,000. Bank of Montreal Can lifted its stake in Etsy by 297.1% in the 2nd quarter. Bank of Montreal Can now owns 10,770 shares of the specialty retailer’s stock valued at $1,234,000 after buying an additional 8,058 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Etsy by 79.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 5,164 shares of the specialty retailer’s stock valued at $547,000 after buying an additional 2,289 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Etsy in the 2nd quarter valued at approximately $246,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Etsy by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 48,430 shares of the specialty retailer’s stock worth $5,145,000 after purchasing an additional 1,040 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.

Etsy Company Profile (NASDAQ:ETSY)

Etsy, Inc operates online market places for buyers and sellers primarily in the United States, the United Kingdom, Canada, Australia, France, and Germany. Its online market places include Etsy.com and Reverb.com. The company offers approximately 66 million items in its various retail categories to buyers.

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