Etsy (ETSY) Receiving Somewhat Favorable Media Coverage, AlphaOne Reports
Media coverage about Etsy (NASDAQ:ETSY) has trended somewhat positive on Thursday, AlphaOne reports. The research firm, a division of Accern, rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Etsy earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also assigned media headlines about the specialty retailer an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Alpha One Sentiment’s scoring:
- An Embattled Etsy Slashes Its Intern Program – Bloomberg (bloomberg.com)
- Etsy’s Activist Shareholders Want to Recraft the Company (smallbusiness.com)
- Analysts’ Actions — Tableau Data, Autodesk, Mattel, Hasbro, Shake Shack and More (finance.yahoo.com)
- Etsy Inc (ETSY) Upgraded to Hold at TheStreet (americanbankingnews.com)
A number of research firms have recently weighed in on ETSY. Maxim Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of Etsy in a research report on Tuesday, April 25th. Loop Capital reissued a “buy” rating and issued a $16.00 target price on shares of Etsy in a report on Wednesday, March 22nd. Roth Capital set a $16.00 price objective on shares of Etsy and gave the company a “buy” rating in a research note on Monday, February 27th. Stifel Nicolaus restated a “hold” rating and issued a $13.00 price objective (down previously from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Finally, TheStreet upgraded shares of Etsy to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Etsy currently has a consensus rating of “Hold” and an average target price of $13.56.
Etsy (NASDAQ:ETSY) traded down 1.828% on Thursday, reaching $13.155. 490,996 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $11.33 and a 200-day moving average of $11.76. The firm’s market capitalization is $1.46 billion. Etsy has a 12 month low of $8.56 and a 12 month high of $16.05.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.05. Etsy had a negative return on equity of 1.69% and a negative net margin of 3.72%. The company had revenue of $96.89 million for the quarter, compared to the consensus estimate of $98.64 million. On average, equities analysts expect that Etsy will post $0.00 earnings per share for the current year.
In other news, Director Frederick R. Wilson sold 100,009 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $10.21, for a total value of $1,021,091.89. Following the transaction, the director now owns 822,062 shares of the company’s stock, valued at approximately $8,393,253.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.10% of the stock is currently owned by company insiders.
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Etsy Company Profile
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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