Etsy (ETSY) Shares Gap Down to $40.87

Etsy Inc (NASDAQ:ETSY) gapped down before the market opened on Monday . The stock had previously closed at $39.71, but opened at $40.87. Etsy shares last traded at $39.87, with a volume of 896569 shares trading hands.

ETSY has been the topic of a number of recent research reports. Wedbush initiated coverage on Etsy in a research report on Friday, September 14th. They set a “buy” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $59.00 price objective (up previously from $53.00) on shares of Etsy in a research report on Friday, September 14th. Loop Capital raised their price objective on Etsy to $65.00 and gave the company a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, August 8th. Finally, BidaskClub cut Etsy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.04.

The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.90. The company has a market cap of $4.89 billion, a P/E ratio of 102.55, a PEG ratio of 6.42 and a beta of 0.23.



Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Etsy had a net margin of 17.52% and a return on equity of 13.23%. The business had revenue of $132.39 million during the quarter, compared to analysts’ expectations of $127.10 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, analysts expect that Etsy Inc will post 0.42 EPS for the current fiscal year.

In other news, Director Melissa Reiff sold 35,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $46.01, for a total value of $1,610,350.00. Following the completion of the transaction, the director now directly owns 25,285 shares in the company, valued at $1,163,362.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederick R. Wilson sold 22,062 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $45.48, for a total value of $1,003,379.76. Following the completion of the transaction, the director now owns 23,487 shares of the company’s stock, valued at $1,068,188.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,062 shares of company stock valued at $4,834,580. 2.80% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in ETSY. Sei Investments Co. raised its position in Etsy by 16.7% during the second quarter. Sei Investments Co. now owns 52,631 shares of the specialty retailer’s stock valued at $2,220,000 after acquiring an additional 7,547 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Etsy by 48.1% during the second quarter. Canada Pension Plan Investment Board now owns 344,800 shares of the specialty retailer’s stock valued at $14,547,000 after acquiring an additional 112,000 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Etsy during the second quarter valued at approximately $672,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Etsy by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 92,205 shares of the specialty retailer’s stock valued at $3,890,000 after acquiring an additional 26,195 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Etsy during the second quarter valued at approximately $3,753,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Etsy (NASDAQ:ETSY)

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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