Etsy (NASDAQ:ETSY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Etsy (NASDAQ:ETSY – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the specialty retailer’s stock.

A number of other research firms have also weighed in on ETSY. TheStreet upgraded shares of Etsy from a d rating to a c- rating in a research note on Wednesday, February 22nd. Jefferies Financial Group lowered shares of Etsy from a buy rating to an underperform rating and dropped their price target for the company from $150.00 to $85.00 in a research report on Thursday, March 9th. Oppenheimer raised their price target on shares of Etsy from $150.00 to $155.00 and gave the company an outperform rating in a research report on Thursday, February 23rd. JMP Securities raised their price target on shares of Etsy from $120.00 to $140.00 and gave the company a market outperform rating in a research report on Wednesday, January 25th. Finally, Citigroup initiated coverage on shares of Etsy in a research report on Tuesday, December 13th. They set a buy rating and a $161.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Etsy has a consensus rating of Hold and a consensus price target of $130.67.

Etsy Trading Up 0.9 %

Etsy stock traded up $0.91 during trading hours on Thursday, hitting $105.34. The company had a trading volume of 3,176,030 shares, compared to its average volume of 4,082,222. The company has a 50-day moving average price of $127.91 and a two-hundred day moving average price of $117.87. Etsy has a 1 year low of $67.01 and a 1 year high of $151.50. The firm has a market cap of $13.13 billion, a P/E ratio of -18.35, a P/E/G ratio of 5.86 and a beta of 1.99. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.40 and a current ratio of 2.40.

Etsy (NASDAQ:ETSY – Get Rating) last posted its earnings results on Wednesday, February 22nd. The specialty retailer reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). The firm had revenue of $807.20 million for the quarter, compared to analysts’ expectations of $752.12 million. Etsy had a negative net margin of 27.06% and a positive return on equity of 1,306.41%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. On average, sell-side analysts anticipate that Etsy will post 2.62 earnings per share for the current year.

Insider Transactions at Etsy

In other news, CFO Rachel C. Glaser sold 19,822 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $125.54, for a total value of $2,488,453.88. Following the transaction, the chief financial officer now directly owns 49,143 shares of the company’s stock, valued at $6,169,412.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Nicholas Daniel sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $135.18, for a total transaction of $135,180.00. Following the completion of the sale, the insider now directly owns 3,309 shares in the company, valued at $447,310.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Rachel C. Glaser sold 19,822 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $125.54, for a total transaction of $2,488,453.88. Following the sale, the chief financial officer now owns 49,143 shares of the company’s stock, valued at $6,169,412.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,542 shares of company stock valued at $10,731,872. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Etsy

Hedge funds and other institutional investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in Etsy during the fourth quarter worth about $28,000. OLD Mission Capital LLC acquired a new stake in Etsy during the fourth quarter worth about $25,000. CoreCap Advisors LLC acquired a new stake in Etsy during the fourth quarter worth about $28,000. General Partner Inc. acquired a new stake in Etsy during the fourth quarter worth about $29,000. Finally, Optimum Investment Advisors increased its position in Etsy by 400.0% during the third quarter. Optimum Investment Advisors now owns 250 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Etsy Company Profile

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Etsy, Inc engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments: Etsy, Reverb, Depop, and Elo7. The company was founded in 2005 and is headquartered in New York, NY.