DA Davidson Weighs in on Etsy, Inc.’s Q3 2017 Earnings (ETSY)
Etsy, Inc. (NASDAQ:ETSY) – Analysts at DA Davidson issued their Q3 2017 EPS estimates for Etsy in a research note issued to investors on Wednesday. DA Davidson analyst T. Forte anticipates that the specialty retailer will post earnings of $0.07 per share for the quarter. DA Davidson currently has a “Buy” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for Etsy’s Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.25 EPS, FY2018 earnings at $0.29 EPS, FY2019 earnings at $0.39 EPS, FY2020 earnings at $0.50 EPS and FY2021 earnings at $0.61 EPS.
ETSY has been the topic of several other reports. BidaskClub lowered shares of Etsy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $14.00 price target (up from $12.95) on shares of Etsy in a report on Thursday, May 25th. Zacks Investment Research lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Maxim Group set a $17.00 price target on shares of Etsy and gave the stock a “buy” rating in a report on Wednesday, June 21st. Finally, Ifs Securities reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Etsy in a report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.
Etsy (NASDAQ ETSY) opened at 16.88 on Monday. The company’s market capitalization is $1.87 billion. The company has a 50-day moving average price of $15.51 and a 200 day moving average price of $13.05. Etsy has a 52-week low of $9.41 and a 52-week high of $17.49.
Etsy (NASDAQ:ETSY) last released 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 firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Etsy by 4.3% during the second quarter. Vanguard Group Inc. now owns 7,873,527 shares of the specialty retailer’s stock valued at $118,103,000 after buying an additional 325,998 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Etsy by 5.5% during the second quarter. BlackRock Inc. now owns 6,701,573 shares of the specialty retailer’s stock valued at $100,523,000 after buying an additional 351,751 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Etsy during the second quarter valued at $95,291,000. Janus Capital Management LLC grew its holdings in shares of Etsy by 38.4% during the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock valued at $66,140,000 after buying an additional 1,726,152 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. grew its holdings in shares of Etsy by 2,287.5% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock valued at $75,058,000 after buying an additional 4,794,297 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Josh Silverman acquired 64,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost 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 directly owns 64,000 shares of the company’s stock, valued at $1,002,880. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by insiders.
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.
Receive News & Stock Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related stocks with our FREE daily email newsletter.