Etsy (ETSY) Trading 5.2% Higher

Shares of Etsy Inc (NASDAQ:ETSY) traded up 5.2% during trading on Wednesday . The company traded as high as $61.96 and last traded at $61.89. 2,217,158 shares changed hands during trading, a decline of 20% from the average session volume of 2,771,323 shares. The stock had previously closed at $58.82.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Etsy from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. ValuEngine cut shares of Etsy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Stifel Nicolaus boosted their target price on shares of Etsy from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Roth Capital boosted their target price on shares of Etsy from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity assumed coverage on shares of Etsy in a research note on Thursday, April 4th. They set a “buy” rating and a $85.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Etsy presently has a consensus rating of “Buy” and a consensus price target of $68.87.

The company has a market cap of $7.55 billion, a PE ratio of 102.92, a PEG ratio of 3.90 and a beta of 0.98. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.81.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The company had revenue of $169.33 million during the quarter, compared to analysts’ expectations of $170.72 million. During the same quarter in the prior year, the company earned $0.10 EPS. Etsy’s revenue was up 40.0% compared to the same quarter last year. On average, analysts predict that Etsy Inc will post 0.82 earnings per share for the current year.

In other news, General Counsel Jill Simeone sold 1,158 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $69.34, for a total value of $80,295.72. Following the completion of the sale, the general counsel now owns 4,734 shares of the company’s stock, valued at approximately $328,255.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael T. Fisher sold 46,874 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $65.00, for a total transaction of $3,046,810.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,285 shares of company stock valued at $12,638,801. 3.00% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ETSY. BlackRock Inc. lifted its holdings in shares of Etsy by 2.9% in the 4th quarter. BlackRock Inc. now owns 8,339,528 shares of the specialty retailer’s stock worth $396,711,000 after acquiring an additional 238,711 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Etsy by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 6,938,000 shares of the specialty retailer’s stock worth $466,372,000 after acquiring an additional 94,000 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Etsy by 1,054.2% in the 1st quarter. First Trust Advisors LP now owns 2,426,537 shares of the specialty retailer’s stock worth $163,112,000 after acquiring an additional 2,216,303 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Etsy by 265.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,392,175 shares of the specialty retailer’s stock worth $113,796,000 after acquiring an additional 1,736,734 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Etsy by 68.3% in the 4th quarter. FMR LLC now owns 1,882,900 shares of the specialty retailer’s stock worth $89,570,000 after acquiring an additional 763,816 shares during the last quarter. 93.69% of the stock is owned by institutional investors and hedge funds.

WARNING: “Etsy (ETSY) Trading 5.2% Higher” was originally published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://transcriptdaily.com/2019/05/18/etsy-etsy-trading-5-2-higher.html.

About Etsy (NASDAQ:ETSY)

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.

Featured Article: Stock Selection – What is cash flow?

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.