Etsy Inc. (ETSY) Sees Unusually-High Trading Volume
Etsy Inc. (NASDAQ:ETSY) shares saw an uptick in trading volume on Tuesday . 2,099,168 shares changed hands during mid-day 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.
A number of brokerages have issued reports on ETSY. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Etsy in a research note on Thursday, May 12th. Maxim Group began coverage on Etsy in a research note on Thursday, May 26th. They issued a “buy” rating and a $12.00 target price for the company. Roth Capital reaffirmed a “sell” rating and issued a $6.00 target price on shares of Etsy in a research note on Wednesday, April 6th. TheStreet began coverage on Etsy in a research note on Thursday, May 26th. They issued a “sell” rating for the company. Finally, Zacks Investment Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Two 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’s stock. Etsy has a consensus rating of “Hold” and an average target price of $11.17.
The company’s 50-day moving average price is $9.48 and its 200 day moving average price is $8.54. The stock’s market capitalization is $1.13 billion.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.81. The firm earned $58.54 million during the quarter, compared to the consensus estimate of $75.15 million. During the same period last year, the business posted ($0.84) earnings per share. The firm’s revenue was up 39.8% on a year-over-year basis. On average, equities analysts anticipate that Etsy Inc. will post ($0.02) earnings per share for the current fiscal year.
In other news, CTO John Allspaw sold 206,312 shares of the business’s stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 14,729 shares of the company’s stock, valued at $147,290. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick R. Wilson sold 200,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $8.27, for a total value of $1,654,000.00. Following the completion of the transaction, the director now directly owns 822,062 shares of the company’s stock, valued at $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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