Etsy Inc. (ETSY) Shares Up 4.8%
Shares of Etsy Inc. (NASDAQ:ETSY) shot up 4.8% on Friday . The company traded as high as $9.85 and last traded at $9.65, with a volume of 630,578 shares traded. The stock had previously closed at $9.21.
A number of research firms recently weighed in on ETSY. Zacks Investment Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Royal Bank Of Canada began coverage on shares of Etsy in a research note on Thursday, March 10th. They issued a “sector perform” rating and a $10.00 target price on the stock. TheStreet began coverage on shares of Etsy in a research note on Thursday, May 26th. They issued a “sell” rating on the stock. Maxim Group began coverage on shares of Etsy in a research note on Thursday, May 26th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Roth Capital restated a “sell” rating and issued a $6.00 target price on shares of Etsy in a research note on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.17.
The stock’s market capitalization is $1.07 billion. The company has a 50-day moving average of $9.30 and a 200-day moving average of $8.51.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.81. The business had revenue of $58.54 million for the quarter, compared to the consensus estimate of $75.15 million. During the same quarter in the prior year, the company earned ($0.84) earnings per share. Etsy’s revenue was up 39.8% compared to the same quarter last year. On average, equities analysts forecast that Etsy Inc. will post ($0.02) earnings per share for the current fiscal year.
In other Etsy news, Director Frederick R. Wilson sold 200,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $8.27, for a total transaction of $1,654,000.00. Following the sale, the director now directly owns 822,062 shares of the company’s stock, valued at approximately $6,798,452.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO John Allspaw sold 206,312 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $10.00, for a total transaction of $2,063,120.00. Following the sale, the chief technology officer now directly owns 14,729 shares in the company, valued at $147,290. The disclosure for this sale can be found here.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. Handmade goods are the foundation of its marketplace. The Company operates a platform for third-party sellers. The Company offers a mix of marketplace activities and services.
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