3 days Ago By ABMN Staff
Shares of Etsy, Inc. ( NASDAQ:ETSY – Get Free Report ) have received an average rating of “Hold” from the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company.
The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $70.61. A number of equities analysts recently issued reports on ETSY shares.
Oppenheimer cut Etsy from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Cantor Fitzgerald started coverage on shares of Etsy in a report on Thursday, September 5th. They issued a “neutral” rating and a $50.
00 price target on the stock. Wedbush reiterated a “neutral” rating and set a $65.00 price objective on shares of Etsy in a report on Monday, July 22nd.
Piper Sandler restated a “neutral” rating and issued a $56.00 target price on shares of Etsy in a research note on Friday, August 23rd. Finally, Evercore ISI raised shares of Etsy to a “strong-buy” rating in a research report on Thursday, August 1st.
Read Our Latest Stock Report on ETSY Insider Transactions at Etsy Institutional Investors Weigh In On Etsy Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in Etsy during the second quarter worth $967,000. Clearline Capital LP grew its position in shares of Etsy by 73.
0% during the 2nd quarter. Clearline Capital LP now owns 415,943 shares of the specialty retailer’s stock valued at $24,532,000 after acquiring an additional 175,522 shares during the period. Scientech Research LLC purchased a new position in shares of Etsy in the 2nd quarter valued at about $241,000.
The Manufacturers Life Insurance Company raised its holdings in Etsy by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 96,488 shares of the specialty retailer’s stock worth $5,691,000 after purchasing an additional 1,720 shares during the period.
Finally, MBB Public Markets I LLC purchased a new position in Etsy during the second quarter worth approximately $505,000. 99.53% of the stock is owned by hedge funds and other institutional investors.
Etsy Stock Up 7.6 % NASDAQ ETSY opened at $55.65 on Monday.
Etsy has a 52 week low of $50.63 and a 52 week high of $89.58.
The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 5.
10 and a beta of 1.97. The company has a fifty day moving average of $57.
04 and a two-hundred day moving average of $61.97. Etsy ( NASDAQ:ETSY – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st.
The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.
05). The firm had revenue of $647.80 million during the quarter, compared to the consensus estimate of $629.
87 million. Etsy had a negative return on equity of 51.94% and a net margin of 10.
36%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.
During the same period in the previous year, the business earned $0.83 EPS. Equities research analysts anticipate that Etsy will post 2.
38 EPS for the current year. About Etsy ( Get Free Report Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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. Recommended Stories Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.
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