Etsy (NASDAQ: ETSY) has recently received a number of price target changes and ratings updates:

  • 11/13/2018 – Etsy is now covered by analysts at BTIG Research. They set a “buy” rating and a $59.00 price target on the stock.
  • 11/7/2018 – Etsy had its price target raised by analysts at Royal Bank of Canada from $45.00 to $52.00. They now have a “sector perform” rating on the stock.
  • 11/6/2018 – Etsy was given a new $57.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 11/2/2018 – Etsy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York. “
  • 10/24/2018 – Etsy was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $48.00 price target on the stock, up previously from $36.00.
  • 10/9/2018 – Etsy was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/9/2018 – Etsy was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/2/2018 – Etsy had its price target raised by analysts at KeyCorp from $51.00 to $59.00. They now have an “overweight” rating on the stock.
  • 9/29/2018 – Etsy was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/22/2018 – Etsy was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/14/2018 – Etsy is now covered by analysts at Wedbush. They set a “buy” rating on the stock.
  • 9/14/2018 – Etsy had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $59.00 price target on the stock, up previously from $53.00.
  • 9/14/2018 – Etsy had its price target raised by analysts at Loop Capital to $65.00. They now have a “buy” rating on the stock.

Shares of Etsy stock traded down $3.36 during trading on Tuesday, hitting $47.35. 4,544,984 shares of the stock traded hands, compared to its average volume of 2,762,411. The firm has a market cap of $6.27 billion, a P/E ratio of 124.61, a P/E/G ratio of 7.06 and a beta of 0.61. The company has a current ratio of 5.49, a quick ratio of 5.49 and a debt-to-equity ratio of 0.85. Etsy Inc has a 52-week low of $16.13 and a 52-week high of $55.71.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Tuesday, November 6th. The specialty retailer reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. The firm had revenue of $150.37 million for the quarter, compared to analyst estimates of $149.76 million. Etsy had a return on equity of 14.10% and a net margin of 15.00%. The business’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts forecast that Etsy Inc will post 0.49 earnings per share for the current year.

In other Etsy news, Director Melissa Reiff sold 35,000 shares of Etsy stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $46.01, for a total value of $1,610,350.00. Following the transaction, the director now owns 25,285 shares in the company, valued at $1,163,362.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick R. Wilson sold 22,062 shares of Etsy stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $45.48, for a total value of $1,003,379.76. Following the completion of the transaction, the director now owns 23,487 shares in the company, valued at approximately $1,068,188.76. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ETSY. Alliancebernstein L.P. grew its stake in Etsy by 168.7% in the third quarter. Alliancebernstein L.P. now owns 4,428,047 shares of the specialty retailer’s stock valued at $227,513,000 after purchasing an additional 2,780,297 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Etsy by 139.1% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 4,506,559 shares of the specialty retailer’s stock valued at $190,132,000 after purchasing an additional 2,621,521 shares during the last quarter. Congress Asset Management Co. MA purchased a new position in Etsy in the third quarter valued at about $88,001,000. Eagle Asset Management Inc. purchased a new position in Etsy in the third quarter valued at about $43,985,000. Finally, Brown Advisory Inc. purchased a new position in Etsy in the second quarter valued at about $29,384,000. Institutional investors own 88.19% of the company’s stock.

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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