Etsy, Inc. (NASDAQ:ETSY) Receives Average Rating of “Hold” from Analysts
Shares of Etsy, Inc. (NASDAQ:ETSY) have earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.20.
A number of brokerages recently issued reports on ETSY. BidaskClub upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and set a $13.00 target price on shares of Etsy in a research report on Friday, June 23rd. Royal Bank Of Canada restated a “hold” rating and set a $12.00 target price on shares of Etsy in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, July 4th. Finally, Roth Capital set a $14.00 price target on shares of Etsy and gave the company a “hold” rating in a report on Thursday, June 22nd.
Etsy (NASDAQ:ETSY) traded up 1.47% during mid-day trading on Friday, hitting $15.85. 2,734,028 shares of the stock traded hands. The stock’s 50 day moving average is $14.68 and its 200-day moving average is $12.49. The company’s market cap is $1.76 billion. Etsy has a 12 month low of $9.41 and a 12 month high of $16.05.
Etsy (NASDAQ:ETSY) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.77%. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. During the same quarter last year, the business earned ($0.06) earnings per share. Etsy’s revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts anticipate that Etsy will post $0.28 EPS for the current year.
Several institutional investors have recently made changes to their positions in ETSY. FNY Managed Accounts LLC acquired a new position in shares of Etsy during the first quarter worth approximately $105,000. UBS Group AG increased its position in shares of 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 increased its position in shares of 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. Marathon Trading Investment Management LLC acquired a new position in shares of Etsy during the first quarter worth approximately $174,000. Finally, Principal Financial Group Inc. increased its position in shares of Etsy by 9.0% in the second quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock worth $241,000 after buying an additional 1,330 shares in the last quarter. Institutional investors own 69.59% of the company’s stock.
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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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