Etsy (ETSY) Hits New 52-Week High and Low at $44.78

Etsy (NASDAQ:ETSY)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $44.78 and last traded at $42.82, with a volume of 664391 shares trading hands. The stock had previously closed at $36.00.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 6th. Zacks Investment Research cut shares of Etsy from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Stifel Nicolaus increased their price objective on shares of Etsy from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, May 9th. TheStreet upgraded shares of Etsy from a “c+” rating to a “b-” rating in a research note on Monday, April 16th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $23.00 price objective on shares of Etsy in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.96.

The company has a debt-to-equity ratio of 0.85, a quick ratio of 6.62 and a current ratio of 6.62. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 109.61, a P/E/G ratio of 4.16 and a beta of 0.21.

Etsy (NASDAQ:ETSY) last released its earnings results on Tuesday, May 8th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $120.91 million during the quarter, compared to analyst estimates of $119.53 million. Etsy had a net margin of 20.46% and a return on equity of 16.10%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. equities analysts expect that Etsy will post 0.42 earnings per share for the current year.

In related news, Director Jonathan D. Klein sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $30.00, for a total value of $1,500,000.00. Following the completion of the sale, the director now directly owns 143,547 shares of the company’s stock, valued at approximately $4,306,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ETSY. Renaissance Technologies LLC increased its holdings in Etsy by 66.8% in the 4th quarter. Renaissance Technologies LLC now owns 5,631,800 shares of the specialty retailer’s stock worth $115,170,000 after acquiring an additional 2,255,391 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Etsy by 3,196.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,635,244 shares of the specialty retailer’s stock worth $33,441,000 after acquiring an additional 1,585,644 shares in the last quarter. Two Sigma Investments LP increased its holdings in Etsy by 221.4% in the 4th quarter. Two Sigma Investments LP now owns 1,927,194 shares of the specialty retailer’s stock worth $39,411,000 after acquiring an additional 1,327,537 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Etsy in the 4th quarter worth approximately $21,709,000. Finally, OppenheimerFunds Inc. purchased a new stake in Etsy in the 4th quarter worth approximately $17,046,000. 85.09% of the stock is owned by institutional investors.

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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