Etsy Inc. (ETSY) Shares Up 4.8%
Etsy Inc. (NASDAQ:ETSY) shares shot up 4.8% during trading 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 brokerages recently commented on ETSY. Royal Bank Of Canada upped their price objective on Etsy from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 4th. Wedbush restated a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of Etsy in a research note on Wednesday, May 4th. TheStreet began coverage on Etsy in a research note on Thursday, May 26th. They set a “sell” rating for the company. Roth Capital restated a “sell” rating and set a $6.00 price objective on shares of Etsy in a research note on Wednesday, April 6th. Finally, Maxim Group began coverage on Etsy in a research note on Thursday, May 26th. They set a “buy” rating and a $12.00 price objective for the company. Two research 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 stock has an average rating of “Hold” and an average price target of $11.17.
The firm’s 50 day moving average is $9.34 and its 200 day moving average is $8.52. The stock’s market capitalization is $1.07 billion.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.84) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.81. The business earned $58.54 million during the quarter, compared to the consensus estimate of $75.15 million. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.84) EPS. Equities research analysts forecast 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 in the company, valued at approximately $4,758,704.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO John Allspaw sold 206,312 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $10.00, for a total value of $2,063,120.00. Following the transaction, the chief technology officer now owns 14,729 shares of the company’s stock, valued at approximately $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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