Shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) have been assigned an average recommendation of “Hold” from the twenty-four research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $132.32.
ETSY has been the topic of a number of recent research reports. Raymond James upped their target price on Etsy from $100.00 to $115.00 and gave the stock a “maintains” rating in a research note on Thursday, July 28th. JMP Securities reaffirmed a “mkt outperform” rating and issued a $125.00 price target on shares of Etsy in a report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Etsy from $100.00 to $90.00 in a report on Thursday, July 21st. KeyCorp initiated coverage on Etsy in a report on Wednesday, July 20th. They set a “sector weight” rating for the company. Finally, Needham & Company LLC lowered Etsy from a “buy” rating to a “hold” rating in a research report on Monday, June 27th.
Etsy Price Performance
Shares of Etsy stock opened at $104.44 on Wednesday. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 4.80 and a beta of 1.88. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a 50 day moving average price of $83.74 and a 200-day moving average price of $110.63. Etsy has a one year low of $67.01 and a one year high of $307.75.
Etsy (NASDAQ:ETSY – Get Rating) last issued its earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. The business had revenue of $585.20 million during the quarter, compared to analyst estimates of $556.85 million. Etsy had a return on equity of 67.88% and a net margin of 17.01%. Etsy’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Equities analysts expect that Etsy will post 2.19 EPS for the current year.
Insider Activity at Etsy
In other Etsy news, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $81.34, for a total value of $1,695,939.00. Following the completion of the transaction, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at $8,354,187.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Rachel C. Glaser sold 6,080 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $95.00, for a total value of $577,600.00. Following the sale, the chief financial officer now owns 42,709 shares of the company’s stock, valued at $4,057,355. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Josh Silverman sold 20,850 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $81.34, for a total transaction of $1,695,939.00. Following the sale, the chief executive officer now directly owns 102,707 shares in the company, valued at $8,354,187.38. The disclosure for this sale can be found here. Insiders sold 111,280 shares of company stock valued at $9,120,392 in the last ninety days. Insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On Etsy
Several institutional investors and hedge funds have recently modified their holdings of ETSY. Vanguard Group Inc. lifted its holdings in shares of Etsy by 0.9% in the first quarter. Vanguard Group Inc. now owns 13,703,486 shares of the specialty retailer’s stock worth $1,703,069,000 after acquiring an additional 118,034 shares during the last quarter. Capital World Investors raised its holdings in Etsy by 13.4% during the 1st quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock worth $429,669,000 after purchasing an additional 409,540 shares during the last quarter. Flossbach Von Storch AG raised its holdings in Etsy by 6.5% during the 1st quarter. Flossbach Von Storch AG now owns 2,788,570 shares of the specialty retailer’s stock worth $346,563,000 after purchasing an additional 170,402 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Etsy by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,452,354 shares of the specialty retailer’s stock worth $304,779,000 after buying an additional 120,910 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Etsy by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 2,416,793 shares of the specialty retailer’s stock worth $527,854,000 after buying an additional 94,302 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.
Etsy Company Profile
Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily 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. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.