Etsy Inc. (ETSY) Stock Price Up 1.4%
Etsy Inc. (NASDAQ:ETSY) shares rose 1.4% during mid-day trading on Monday . The stock traded as high as $10.04 and last traded at $9.96, with a volume of 356,168 shares changing hands. The stock had previously closed at $9.82.
ETSY has been the topic of several analyst reports. Roth Capital reaffirmed a “sell” rating and set a $6.00 target price on shares of Etsy in a research report on Wednesday, April 6th. Zacks Investment Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Royal Bank Of Canada boosted their price objective on Etsy from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 4th. Wedbush reissued a “neutral” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Etsy in a research report on Wednesday, May 4th. Finally, Maxim Group assumed coverage on Etsy in a research report on Thursday, May 26th. They issued a “buy” rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.17.
The stock’s 50 day moving average is $9.67 and its 200 day moving average is $8.63. The stock’s market cap is $1.10 billion.
Etsy (NASDAQ:ETSY) last announced its 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. During the same period in the prior year, the company earned ($0.84) earnings per share. The firm earned $58.54 million during the quarter, compared to analysts’ expectations of $75.15 million. The business’s quarterly revenue was up 39.8% on a year-over-year basis. Equities research analysts predict that Etsy Inc. will post ($0.02) EPS for the current year.
In related news, Director Frederick R. Wilson sold 30,130 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $8.21, for a total transaction of $247,367.30. Following the completion of the transaction, the director now owns 579,623 shares of the company’s stock, valued at approximately $4,758,704.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frederick R. Wilson sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $8.27, for a total value of $1,654,000.00. Following the transaction, the director now directly owns 822,062 shares of the company’s stock, 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.