Etsy, Inc. (NASDAQ:ETSY) has been assigned a $14.00 price objective by analysts at Roth Capital in a research note issued on Monday, July 31st. The firm currently has a “hold” rating on the specialty retailer’s stock. Roth Capital’s price target suggests a potential downside of 10.20% from the stock’s previous close.
Several other analysts have also recently issued reports on ETSY. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price objective (down from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Loop Capital restated a “buy” rating and issued a $13.00 price target (down from $16.00) on shares of Etsy in a research note on Wednesday, May 3rd. Citigroup Inc. restated a “neutral” rating and issued a $14.00 price target (up from $12.95) on shares of Etsy in a research note on Thursday, May 25th. Maxim Group set a $13.00 price target on Etsy and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $13.00 price target (down from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Etsy presently has an average rating of “Hold” and a consensus target price of $14.33.
Etsy (NASDAQ ETSY) opened at 15.59 on Monday. The company’s market cap is $1.73 billion. The company’s 50 day moving average price is $15.01 and its 200-day moving average price is $12.71. Etsy has a one year low of $9.41 and a one year high of $16.69.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. The business had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share. On average, analysts forecast that Etsy will post $0.28 EPS for the current fiscal year.
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In other news, CEO Josh Silverman acquired 64,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the acquisition, the chief executive officer now owns 64,000 shares in the company, valued at approximately $1,002,880. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new position in Etsy during the first quarter worth about $105,000. UBS Group AG raised its position in Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after buying an additional 2,373 shares in the last quarter. Creative Planning raised its position in Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares in the last quarter. Royal Bank of Canada raised its position in Etsy by 30.3% in the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after buying an additional 2,049 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Etsy by 12.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after buying an additional 1,092 shares in the last quarter. 69.37% of the stock is currently owned by hedge funds and other institutional investors.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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