Etsy, Inc. (ETSY) PT Set at $14.00 by Roth Capital

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.

About Etsy

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.

Analyst Recommendations for Etsy (NASDAQ:ETSY)

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