Etsy Inc. (ETSY) Sees Unusually-High Trading Volume
Shares of Etsy Inc. (NASDAQ:ETSY) saw unusually-high trading volume on Tuesday . Approximately 2,099,168 shares changed hands during trading, an increase of 16% from the previous session’s volume of 1,814,319 shares.The stock last traded at $10.48 and had previously closed at $9.71.
ETSY has been the topic of several recent research reports. Zacks Investment Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Maxim Group initiated coverage on shares of Etsy in a research report on Thursday, May 26th. They issued a “buy” rating and a $12.00 price target on the stock. Roth Capital reaffirmed a “sell” rating and issued a $6.00 price target on shares of Etsy in a research report on Wednesday, April 6th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Etsy in a research report on Thursday, May 12th. Finally, TheStreet initiated coverage on shares of Etsy in a research report on Thursday, May 26th. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.17.
The company’s market capitalization is $1.13 billion. The stock has a 50 day moving average of $9.43 and a 200 day moving average of $8.53.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.81. The company had revenue of $58.54 million for the quarter, compared to the consensus estimate of $75.15 million. Etsy’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.84) EPS. Equities research analysts expect that Etsy Inc. will post ($0.02) earnings per share for the current year.
In related news, Director Frederick R. Wilson sold 30,130 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $8.21, for a total transaction of $247,367.30. Following the transaction, the director now owns 579,623 shares in the company, valued at $4,758,704.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick R. Wilson sold 200,000 shares of the business’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 transaction, the director now owns 822,062 shares in the company, valued at approximately $6,798,452.74. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.