Etsy, Inc. (ETSY) Raised to “C-” at TheStreet
Etsy, Inc. (NASDAQ:ETSY) was upgraded by equities research analysts at TheStreet from a “d” rating to a “c-” rating in a research note issued on Wednesday, May 24th.
Several other analysts also recently issued reports on ETSY. Stifel Nicolaus restated a “hold” rating and issued a $14.00 price objective on shares of Etsy in a research report on Thursday, March 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price (down from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $13.00 target price (down from $14.00) on shares of Etsy in a research note on Wednesday, March 1st. Loop Capital reiterated a “buy” rating and issued a $13.00 target price (down from $16.00) on shares of Etsy in a research note on Wednesday, May 3rd. Finally, Maxim Group set a $13.00 target price on Etsy and gave the company a “buy” rating in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Etsy presently has a consensus rating of “Hold” and an average price target of $13.61.
Shares of Etsy (NASDAQ ETSY) traded down 1.30% during midday trading on Wednesday, reaching $13.67. 2,810,966 shares of the company traded hands. The stock has a 50 day moving average price of $12.66 and a 200 day moving average price of $11.91. The firm’s market capitalization is $1.52 billion. Etsy has a 1-year low of $8.56 and a 1-year high of $16.05.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported $0.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Etsy had a negative net margin of 8.29% and a negative return on equity of 2.01%. The company had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $98.64 million. Analysts expect that Etsy will post $0.01 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of ETSY. FNY Managed Accounts LLC bought a new stake in Etsy during the first quarter worth about $105,000. UBS Group AG raised its stake 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 during the period. Creative Planning raised its stake 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 during the period. Gideon Capital Advisors Inc. acquired a new position in shares of Etsy during the fourth quarter worth approximately $142,000. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Etsy during the first quarter worth approximately $174,000. Institutional investors and hedge funds own 69.50% of the company’s stock.
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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