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

Shares of Etsy, Inc. (NASDAQ:ETSYGet Rating) have been given a consensus rating of “Buy” by the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $178.44.

Several equities analysts recently issued reports on ETSY shares. Jefferies Financial Group decreased their target price on Etsy from $275.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, January 20th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft decreased their target price on Etsy from $120.00 to $100.00 in a research note on Friday, May 6th. Stifel Nicolaus decreased their target price on Etsy from $160.00 to $130.00 in a research note on Thursday, May 5th. StockNews.com lowered Etsy from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Finally, BTIG Research reduced their price target on Etsy from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, May 2nd.

NASDAQ:ETSY traded down $3.72 during trading hours on Friday, hitting $75.52. The company had a trading volume of 107,865 shares, compared to its average volume of 6,567,703. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 3.52. The company has a 50-day moving average of $113.41 and a 200 day moving average of $168.40. The company has a market cap of $9.60 billion, a P/E ratio of 25.87, a P/E/G ratio of 1.43 and a beta of 1.75. Etsy has a 1 year low of $75.61 and a 1 year high of $307.75.

Etsy (NASDAQ:ETSYGet Rating) last issued its earnings results on Wednesday, May 4th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. Etsy had a return on equity of 73.57% and a net margin of 18.49%. The company had revenue of $579.30 million during the quarter, compared to analysts’ expectations of $574.71 million. During the same period in the prior year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Etsy will post 2.18 earnings per share for the current year.

In other Etsy news, CEO Josh Silverman sold 20,850 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at approximately $8,354,187.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Ryan M. Scott sold 2,323 shares of the stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $132.60, for a total value of $308,029.80. The disclosure for this sale can be found here. Insiders have sold a total of 151,675 shares of company stock worth $19,994,340 in the last 90 days. 3.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Advisor Networks LLC raised its holdings in Etsy by 1.2% during the third quarter. Cetera Advisor Networks LLC now owns 3,288 shares of the specialty retailer’s stock worth $684,000 after purchasing an additional 38 shares during the last quarter. First Foundation Advisors raised its holdings in Etsy by 3.4% during the third quarter. First Foundation Advisors now owns 1,263 shares of the specialty retailer’s stock worth $263,000 after purchasing an additional 41 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in Etsy by 2.8% during the third quarter. United Capital Financial Advisers LLC now owns 1,951 shares of the specialty retailer’s stock worth $406,000 after purchasing an additional 53 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Etsy by 0.3% during the fourth quarter. Advisors Asset Management Inc. now owns 20,505 shares of the specialty retailer’s stock worth $4,489,000 after purchasing an additional 71 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Etsy by 13.6% during the fourth quarter. Signaturefd LLC now owns 653 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 78 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

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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