Etsy Inc (NASDAQ:ETSY)’s share price traded up 5.2% during mid-day trading on Wednesday . The stock traded as high as $61.96 and last traded at $61.89. 2,217,158 shares changed hands during trading, a decline of 20% from the average session volume of 2,771,323 shares. The stock had previously closed at $58.82.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Etsy from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a $60.00 price objective on shares of Etsy in a report on Wednesday, March 13th. Canaccord Genuity initiated coverage on Etsy in a report on Thursday, April 4th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, BTIG Research reaffirmed a “hold” rating on shares of Etsy in a report on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.87.

The firm has a market capitalization of $7.44 billion, a P/E ratio of 101.46, a P/E/G ratio of 3.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.87 and a quick ratio of 4.87.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $169.33 million for the quarter, compared to the consensus estimate of $170.72 million. Etsy had a return on equity of 24.24% and a net margin of 14.74%. Etsy’s revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Equities research analysts anticipate that Etsy Inc will post 0.82 EPS for the current year.

In other news, insider Michael T. Fisher sold 2,604 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $69.36, for a total value of $180,613.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael T. Fisher sold 46,874 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $65.00, for a total value of $3,046,810.00. The disclosure for this sale can be found here. Insiders sold a total of 184,285 shares of company stock worth $12,638,801 over the last three months. 3.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in shares of Etsy in the 1st quarter worth approximately $30,000. Institutional & Family Asset Management LLC lifted its holdings in Etsy by 267.7% during the 1st quarter. Institutional & Family Asset Management LLC now owns 467 shares of the specialty retailer’s stock worth $31,000 after buying an additional 340 shares in the last quarter. Optimum Investment Advisors acquired a new position in Etsy during the 4th quarter worth $33,000. Rockefeller Capital Management L.P. acquired a new position in Etsy during the 1st quarter worth $33,000. Finally, Quantamental Technologies LLC acquired a new position in Etsy during the 4th quarter worth $43,000. 93.69% of the stock is currently owned by institutional investors and hedge funds.

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About Etsy (NASDAQ:ETSY)

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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