Etsy Inc (ETSY) Receives $45.35 Consensus Target Price from Analysts

Shares of Etsy Inc (NASDAQ:ETSY) have received an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $45.35.

A number of research analysts have weighed in on the company. BidaskClub raised Etsy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 29th. Wedbush assumed coverage on Etsy in a research note on Friday, September 14th. They set a “buy” rating on the stock. DA Davidson reissued a “buy” rating and set a $59.00 price target (up previously from $53.00) on shares of Etsy in a research note on Friday, September 14th. Loop Capital increased their price target on Etsy to $65.00 and gave the stock a “buy” rating in a research note on Friday, September 14th. Finally, KeyCorp increased their price target on Etsy from $51.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 2nd.

ETSY stock opened at $41.39 on Friday. Etsy has a 1 year low of $16.08 and a 1 year high of $53.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.87 and a current ratio of 5.87. The company has a market capitalization of $4.89 billion, a P/E ratio of 108.92, a P/E/G ratio of 6.42 and a beta of 0.23.



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

In other news, Director M Michele Burns sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $43.85, for a total transaction of $219,250.00. Following the completion of the sale, the director now directly owns 18,487 shares in the company, valued at approximately $810,654.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Melissa Reiff sold 35,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 25,285 shares of the company’s stock, valued at $1,163,362.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,062 shares of company stock worth $4,834,580. Corporate insiders own 2.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Etsy during the 2nd quarter worth $102,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Etsy during the 3rd quarter worth $149,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Etsy during the 2nd quarter worth $146,000. PARK CIRCLE Co increased its holdings in shares of Etsy by 100.0% during the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock worth $169,000 after buying an additional 2,000 shares during the last quarter. Finally, Intl Fcstone Inc. acquired a new stake in shares of Etsy during the 3rd quarter worth $210,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

About 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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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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