Etsy Inc (NASDAQ:ETSY) Receives Average Rating of “Buy” from Analysts
Shares of Etsy Inc (NASDAQ:ETSY) have earned a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.47.
Several equities analysts have issued reports on the stock. BTIG Research reaffirmed a “hold” rating on shares of Etsy in a report on Tuesday, March 19th. Oppenheimer assumed coverage on shares of Etsy in a report on Friday, March 29th. They set a “market perform” rating on the stock. CIBC reaffirmed a “buy” rating and set a $13.00 price objective on shares of BlackBerry in a report on Friday, March 29th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of ACADIA Pharmaceuticals in a report on Monday, July 1st.
In other news, CTO Michael T. Fisher sold 5,208 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $63.37, for a total value of $330,030.96. Following the transaction, the chief technology officer now directly owns 22,580 shares of the company’s stock, valued at $1,430,894.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Goyal Kruti Patel sold 4,505 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $61.80, for a total transaction of $278,409.00. Following the completion of the transaction, the senior vice president now directly owns 16,389 shares in the company, valued at $1,012,840.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,656 shares of company stock worth $5,691,884. Insiders own 3.00% of the company’s stock.
ETSY traded down $0.08 during midday trading on Friday, hitting $64.91. 70,857 shares of the company traded hands, compared to its average volume of 2,893,345. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.87 and a quick ratio of 4.87. The stock has a market cap of $7.81 billion, a P/E ratio of 106.02, a price-to-earnings-growth ratio of 4.36 and a beta of 0.92. Etsy has a 52-week low of $38.02 and a 52-week high of $73.35. The stock’s 50 day moving average price is $64.42.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 14.74% and a return on equity of 24.24%. The company’s revenue was up 40.0% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Equities analysts expect that Etsy will post 0.79 EPS for the current year.
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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