BidaskClub cut shares of Etsy (NASDAQ:ETSY) from a sell rating to a strong sell rating in a research report released on Wednesday, BidAskClub reports.

ETSY has been the subject of a number of other reports. Roth Capital reduced their price objective on shares of Etsy from $76.00 to $59.00 and set a buy rating for the company in a research report on Thursday, October 31st. BTIG Research raised shares of Etsy from a neutral rating to a buy rating and set a $79.00 price objective for the company in a research report on Thursday, July 25th. Morgan Stanley reduced their price objective on shares of Etsy from $57.00 to $52.00 and set an equal weight rating for the company in a research report on Thursday, October 31st. Nomura reduced their price objective on shares of Etsy from $70.00 to $61.00 and set a buy rating for the company in a research report on Thursday, October 31st. Finally, ValuEngine raised shares of Etsy from a sell rating to a hold rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $67.11.

ETSY stock traded up $0.84 during trading on Wednesday, reaching $41.48. The stock had a trading volume of 3,493,200 shares, compared to its average volume of 3,020,371. Etsy has a one year low of $39.81 and a one year high of $73.35. The company has a quick ratio of 6.11, a current ratio of 6.11 and a debt-to-equity ratio of 2.14. The company’s 50 day moving average is $51.51 and its two-hundred day moving average is $58.57. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 68.00, a P/E/G ratio of 3.06 and a beta of 0.97.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. Etsy had a net margin of 14.14% and a return on equity of 25.62%. The business had revenue of $197.95 million during the quarter, compared to the consensus estimate of $193.31 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 31.6% compared to the same quarter last year. As a group, research analysts predict that Etsy will post 0.67 earnings per share for the current fiscal year.

In other Etsy news, CTO Michael T. Fisher sold 5,208 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $56.32, for a total transaction of $293,314.56. Following the sale, the chief technology officer now owns 24,168 shares in the company, valued at $1,361,141.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Goyal Kruti Patel sold 3,754 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.28, for a total value of $200,013.12. Following the completion of the transaction, the senior vice president now directly owns 11,406 shares of the company’s stock, valued at $607,711.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,460 shares of company stock worth $928,789. Corporate insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC purchased a new position in Etsy during the 3rd quarter valued at about $27,000. AdvisorNet Financial Inc bought a new stake in shares of Etsy during the third quarter valued at about $29,000. Carroll Financial Associates Inc. lifted its holdings in shares of Etsy by 171.0% in the third quarter. Carroll Financial Associates Inc. now owns 542 shares of the specialty retailer’s stock worth $30,000 after buying an additional 342 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Etsy by 132.0% in the third quarter. Flagship Harbor Advisors LLC now owns 536 shares of the specialty retailer’s stock worth $30,000 after buying an additional 305 shares in the last quarter. Finally, Hanson McClain Inc. purchased a new stake in shares of Etsy in the second quarter worth about $31,000. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Etsy Company Profile

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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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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