Etsy Inc. (ETSY) Shares Down 2.1%
Etsy Inc. (NASDAQ:ETSY) traded down 2.1% during trading on Wednesday . The company traded as low as $9.12 and last traded at $9.26, with a volume of 558,600 shares traded. The stock had previously closed at $9.46.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Royal Bank Of Canada lifted their target price on shares of Etsy from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 4th. Wedbush reaffirmed a “neutral” rating and issued a $10.00 target price (up previously from $9.00) on shares of Etsy in a research report on Wednesday, May 4th. TheStreet started coverage on shares of Etsy in a research report on Thursday, May 26th. They issued a “sell” rating for the company. Finally, Maxim Group started coverage on shares of Etsy in a research note on Thursday, May 26th. They set a “buy” rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $11.17.
The stock’s 50-day moving average price is $9.28 and its 200 day moving average price is $8.50. The company’s market cap is $1.02 billion.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.81. During the same period in the previous year, the company earned ($0.84) EPS. The firm had revenue of $58.54 million for the quarter, compared to analyst estimates of $75.15 million. The company’s revenue was up 39.8% on a year-over-year basis. Equities research analysts expect that Etsy Inc. will post ($0.02) earnings per share for the current fiscal year.
In related news, Director Frederick R. Wilson sold 30,130 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $8.21, for a total value of $247,367.30. Following the completion of the sale, the director now owns 579,623 shares in the company, valued at approximately $4,758,704.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick R. Wilson sold 200,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now 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.
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