Etsy, Inc. (NASDAQ:ETSY) Given Average Rating of “Buy” by Analysts

Shares of Etsy, Inc. (NASDAQ:ETSYGet Rating) have received a consensus rating of “Buy” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $208.95.

A number of analysts have weighed in on the stock. Loop Capital cut their price objective on shares of Etsy from $140.00 to $115.00 in a report on Thursday. Jefferies Financial Group lowered their price objective on shares of Etsy from $275.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, January 20th. They noted that the move was a valuation call. TheStreet lowered shares of Etsy from a “b-” rating to a “c+” rating in a research note on Friday, February 4th. Stifel Nicolaus decreased their target price on shares of Etsy from $200.00 to $160.00 in a research note on Monday. Finally, Wedbush decreased their target price on shares of Etsy from $250.00 to $185.00 in a research note on Friday, February 25th.

ETSY stock opened at $98.41 on Monday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 3.80. Etsy has a twelve month low of $97.46 and a twelve month high of $307.75. The company’s 50 day moving average is $131.71 and its two-hundred day moving average is $186.16. The stock has a market cap of $12.50 billion, a P/E ratio of 28.86, a PEG ratio of 1.24 and a beta of 1.64.

Etsy (NASDAQ:ETSYGet Rating) last released its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.35. Etsy had a net margin of 21.19% and a return on equity of 83.06%. The company had revenue of $717.14 million for the quarter, compared to analysts’ expectations of $685.45 million. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts predict that Etsy will post 3.29 earnings per share for the current year.

In other Etsy news, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $116.54, for a total value of $2,429,859.00. Following the completion of the sale, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at approximately $11,969,473.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Ryan M. Scott sold 6,147 shares of Etsy stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $126.11, for a total transaction of $775,198.17. The disclosure for this sale can be found here. Insiders sold a total of 109,975 shares of company stock valued at $16,251,348 over the last ninety days. 3.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ETSY. Principal Financial Group Inc. grew its stake in shares of Etsy by 1,113.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,002,122 shares of the specialty retailer’s stock valued at $416,361,000 after buying an additional 1,837,111 shares during the period. Flossbach Von Storch AG lifted its holdings in shares of Etsy by 226.7% during the 3rd quarter. Flossbach Von Storch AG now owns 2,189,391 shares of the specialty retailer’s stock valued at $455,306,000 after acquiring an additional 1,519,258 shares in the last quarter. Norges Bank acquired a new position in shares of Etsy during the 4th quarter valued at $223,388,000. Capital International Investors lifted its holdings in shares of Etsy by 72.8% during the 4th quarter. Capital International Investors now owns 1,369,536 shares of the specialty retailer’s stock valued at $299,846,000 after acquiring an additional 577,075 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its holdings in shares of Etsy by 96.3% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 1,058,791 shares of the specialty retailer’s stock valued at $219,117,000 after acquiring an additional 519,307 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Etsy Company Profile (Get Rating)

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.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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