Stifel Nicolaus Raises Etsy, Inc. (ETSY) Price Target to $15.00
Etsy, Inc. (NASDAQ:ETSY) had its price objective boosted by Stifel Nicolaus from $13.00 to $15.00 in a report published on Friday morning, Marketbeat.com reports. The firm currently has a hold rating on the specialty retailer’s stock.
Other analysts have also issued reports about the company. BidaskClub lowered Etsy from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their target price on Etsy from $12.00 to $16.00 and gave the company a sector perform rating in a research note on Friday. Loop Capital lowered Etsy from a buy rating to a hold rating in a research note on Wednesday, May 17th. Roth Capital set a $14.00 target price on Etsy and gave the company a hold rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Etsy from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Tuesday, July 4th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $14.33.
Etsy (NASDAQ ETSY) traded up 2.343% during trading on Friday, hitting $15.505. 1,016,324 shares of the stock traded hands. The company has a 50-day moving average price of $14.63 and a 200 day moving average price of $12.46. Etsy has a one year low of $9.41 and a one year high of $16.05. The stock’s market cap is $1.72 billion.
Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.77% and a negative net margin of 3.16%. The firm had revenue of $101.70 million during the quarter, compared to analyst estimates of $101.14 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts expect that Etsy will post $0.01 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC acquired a new stake in Etsy during the first quarter worth about $24,331,000. Janus Capital Management LLC raised its stake in Etsy by 38.4% in the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock worth $66,140,000 after buying an additional 1,726,152 shares during the period. Point72 Asset Management L.P. raised its stake in Etsy by 204.5% in the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock worth $12,139,000 after buying an additional 766,948 shares during the period. William Blair Investment Management LLC acquired a new stake in Etsy during the second quarter worth about $9,836,000. Finally, Wells Fargo & Company MN raised its stake in Etsy by 70.6% in the first quarter. Wells Fargo & Company MN now owns 1,533,634 shares of the specialty retailer’s stock worth $16,303,000 after buying an additional 634,855 shares during the period. Hedge funds and other institutional investors own 69.59% of the company’s stock.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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