Etsy (NYSE:ETSY) Announces Earnings Results

Etsy (NYSE:ETSY) announced its earnings results on Thursday. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04, FiscalAI reports. The business had revenue of $881.64 million for the quarter. Etsy had a net margin of 5.65% and a negative return on equity of 24.94%.

Etsy Price Performance

Shares of NYSE ETSY opened at $52.30 on Friday. The firm has a 50-day simple moving average of $55.66. The firm has a market capitalization of $5.16 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 5.56 and a beta of 1.77. Etsy has a 52 week low of $40.05 and a 52 week high of $76.51.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ETSY shares. Evercore cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. BNP Paribas Exane upgraded shares of Etsy to a “hold” rating in a research note on Monday, November 24th. Wall Street Zen raised shares of Etsy from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Etsy in a report on Monday, December 29th. Finally, Citigroup raised Etsy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.