Etsy Inc (NASDAQ:ETSY) Receives $67.13 Consensus PT from Analysts

Shares of Etsy Inc (NASDAQ:ETSY) have earned an average rating of “Buy” from the twenty-one analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $67.13.

Several analysts have issued reports on the company. Needham & Company LLC cut their price objective on Etsy from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. BidaskClub cut Etsy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. KeyCorp restated an “overweight” rating and set a $78.00 price objective (down previously from $90.00) on shares of Etsy in a research note on Thursday, October 31st. Nomura cut their price objective on Etsy from $70.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, BTIG Research upgraded Etsy from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, July 25th.

In other news, CTO Michael T. Fisher sold 5,208 shares of the stock in a transaction that occurred 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 directly owns 24,168 shares in the company, valued at approximately $1,361,141.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Goyal Kruti Patel sold 3,754 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 11,406 shares in the company, valued at $607,711.68. The disclosure for this sale can be found here. Insiders have sold a total of 17,460 shares of company stock worth $928,789 over the last quarter. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in ETSY. Quadrant Capital Group LLC bought a new position in Etsy in the 3rd quarter worth approximately $27,000. Hanson McClain Inc. bought a new position in Etsy in the 2nd quarter worth approximately $31,000. Compagnie Lombard Odier SCmA bought a new position in Etsy in the 2nd quarter worth approximately $31,000. AdvisorNet Financial Inc bought a new position in Etsy in the 3rd quarter worth approximately $29,000. Finally, Flagship Harbor Advisors LLC grew its holdings in Etsy by 132.0% in the 3rd 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. Institutional investors and hedge funds own 91.97% of the company’s stock.

Etsy stock traded up $0.13 during trading on Thursday, hitting $41.99. The company’s stock had a trading volume of 3,333,500 shares, compared to its average volume of 2,976,572. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 68.84, a P/E/G ratio of 3.15 and a beta of 0.97. Etsy has a 1-year low of $41.42 and a 1-year high of $73.35. The company has a debt-to-equity ratio of 2.14, a quick ratio of 6.11 and a current ratio of 6.11. The stock’s fifty day moving average is $54.93 and its 200 day moving average is $59.94.

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

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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