Etsy Inc. (ETSY) Trading Up 1.4%
Shares of Etsy Inc. (NASDAQ:ETSY) were up 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.
Several analysts have issued reports on ETSY shares. Wedbush reissued a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Etsy in a research note on Wednesday, May 4th. Zacks Investment Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Royal Bank Of Canada boosted their target price on shares of Etsy from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 4th. TheStreet started coverage on shares of Etsy in a research note on Thursday, May 26th. They set a “sell” rating on the stock. Finally, Roth Capital reissued a “sell” rating and set a $6.00 target price on shares of Etsy in a research note on Wednesday, April 6th. 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’s stock. The company currently has an average rating of “Hold” and an average target price of $11.17.
The firm’s market capitalization is $1.10 billion. The stock has a 50 day moving average price of $9.64 and a 200 day moving average price of $8.62.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.81. During the same quarter in the previous year, the business earned ($0.84) earnings per share. The business had revenue of $58.54 million for 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. On average, equities analysts anticipate that Etsy Inc. will post ($0.02) EPS for the current fiscal year.
In other Etsy news, Director Frederick R. Wilson sold 30,130 shares of Etsy stock in a transaction that occurred on 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 directly owns 579,623 shares of the company’s stock, valued at $4,758,704.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO John Allspaw sold 206,312 shares of Etsy stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $10.00, for a total transaction of $2,063,120.00. Following the transaction, the chief technology officer now directly owns 14,729 shares in the company, valued at $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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