Etsy (ETSY) Hits New 12-Month High at $21.88
Shares of Etsy Inc (NASDAQ:ETSY) reached a new 52-week high during trading on Wednesday . The company traded as high as $21.88 and last traded at $21.31, with a volume of 2922500 shares. The stock had previously closed at $21.31.
A number of analysts have recently commented on ETSY shares. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, January 9th. BidaskClub cut Etsy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 target price (up previously from $15.00) on shares of Etsy in a research report on Tuesday, November 7th. Ifs Securities reiterated an “outperform” rating and set a $22.00 target price (up previously from $18.00) on shares of Etsy in a research report on Tuesday, November 7th. Finally, KeyCorp started coverage on Etsy in a research report on Wednesday, December 20th. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.19.
The stock has a market cap of $2,551.13, a PE ratio of 182.63, a PEG ratio of 4.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.26 and a current ratio of 4.26.
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in Etsy by 30.3% in the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock valued at $133,000 after acquiring an additional 2,049 shares during the period. Steward Partners Investment Advisory LLC increased its position in Etsy by 99.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock valued at $137,000 after acquiring an additional 3,361 shares during the period. Ameritas Investment Partners Inc. increased its position in Etsy by 12.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock valued at $152,000 after acquiring an additional 1,092 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in Etsy in the 4th quarter valued at about $154,000. Finally, Trexquant Investment LP acquired a new position in Etsy in the 3rd quarter valued at about $192,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.
Etsy Company Profile
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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