Etsy Inc. (ETSY) Stock Price Up 4.3%
Etsy Inc. (NASDAQ:ETSY) shares rose 4.3% during mid-day trading on Thursday . The company traded as high as $14.50 and last traded at $14.37, with a volume of 1,162,603 shares trading hands. The stock had previously closed at $13.78.
ETSY has been the subject of a number of recent research reports. Citigroup Inc. initiated coverage on Etsy in a research note on Monday, August 1st. They set a “buy” rating and a $14.00 price objective for the company. Goldman Sachs Group Inc. lifted their price objective on Etsy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. RBC Capital Markets reiterated a “neutral” rating and set a $13.00 price objective (up previously from $11.00) on shares of Etsy in a research note on Friday, August 5th. Zacks Investment Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Roth Capital upgraded Etsy from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $6.50 to $14.25 in a research note on Wednesday, August 3rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Etsy currently has a consensus rating of “Hold” and a consensus target price of $12.98.
The stock’s market capitalization is $1.61 billion. The company has a 50 day moving average of $10.55 and a 200 day moving average of $9.04.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.05. During the same quarter in the prior year, the business posted ($0.07) earnings per share. The company earned $85.35 million during the quarter, compared to the consensus estimate of $80.55 million. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, equities research analysts forecast that Etsy Inc. will post ($0.03) EPS for the current fiscal year.
In other Etsy news, Director Frederick R. Wilson sold 216,399 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $13.61, for a total transaction of $2,945,190.39. Following the completion of the sale, the director now owns 822,062 shares in the company, valued at $11,188,263.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO John Allspaw sold 206,312 shares of the company’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 sale, 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 to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
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