Etsy Inc. (ETSY) Stock Price Up 4.3%
Shares of Etsy Inc. (NASDAQ:ETSY) rose 4.3% during trading on Thursday . The stock 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.
A number of brokerages have issued reports on ETSY. Morgan Stanley cut their target price on shares of Etsy from $11.50 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 3rd. Wedbush reissued a “neutral” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Etsy in a research report on Wednesday, May 4th. Zacks Investment Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report 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 report on Wednesday, May 4th. Finally, TheStreet started coverage on shares of Etsy in a report on Thursday, May 26th. They issued a “sell” rating for the company. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.98.
The stock’s market capitalization is $1.60 billion. The company’s 50 day moving average price is $10.82 and its 200-day moving average price is $9.13.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.05. The company earned $85.35 million during the quarter, compared to analyst estimates of $80.55 million. During the same period last year, the company earned ($0.07) earnings per share. The firm’s revenue was up 38.9% compared to the same quarter last year. On average, equities research analysts predict that Etsy Inc. will post ($0.03) EPS for the current fiscal year.
In related news, Director Frederick R. Wilson sold 216,399 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $13.61, for a total value of $2,945,190.39. Following the completion of the transaction, the director now directly owns 822,062 shares in the company, valued at approximately $11,188,263.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Allspaw sold 63,468 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $12.50, for a total value of $793,350.00. Following the completion of the transaction, the insider now owns 66,864 shares of the company’s stock, valued at $835,800. 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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