Etsy Inc. (ETSY) Trading 2.4% Higher
Etsy Inc. (NASDAQ:ETSY) traded up 2.4% on Thursday . The stock traded as high as $13.85 and last traded at $13.78, with a volume of 293,347 shares traded. The stock had previously closed at $13.46.
Several equities research analysts recently weighed in on the stock. Citigroup Inc. assumed coverage on shares of Etsy in a research note on Monday, August 1st. They set a “buy” rating and a $14.00 price objective on the stock. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, August 5th. Roth Capital upgraded shares of Etsy from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $6.50 to $14.25 in a research note on Wednesday, August 3rd. Maxim Group increased their price objective on shares of Etsy from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Etsy in a research note on Thursday, May 12th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.98.
The firm’s market capitalization is $1.53 billion. The firm has a 50 day moving average price of $12.39 and a 200 day moving average price of $9.77.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The firm had revenue of $85.35 million for the quarter, compared to the consensus estimate of $80.55 million. Etsy’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, equities analysts predict 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 stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $13.61, for a total transaction of $2,945,190.39. Following the sale, the director now directly owns 822,062 shares in the company, valued at $11,188,263.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO John Allspaw sold 206,312 shares of the stock in a transaction dated 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 sale, the chief technology officer now 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 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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