Etsy, Inc. (NASDAQ:ETSY) Given Consensus Rating of “Hold” by Brokerages

Shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) have earned an average rating of “Hold” from the twenty-eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $130.67.

ETSY has been the topic of a number of research reports. Canaccord Genuity Group raised their price objective on shares of Etsy from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Truist Financial raised their price objective on shares of Etsy from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. BTIG Research raised their price objective on shares of Etsy from $119.00 to $137.00 in a report on Thursday, December 1st. DA Davidson raised their price objective on shares of Etsy from $121.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Etsy in a report on Monday.

Etsy Stock Performance

Shares of ETSY stock opened at $104.74 on Thursday. The company has a 50 day moving average price of $128.76 and a 200-day moving average price of $117.97. Etsy has a 52 week low of $67.01 and a 52 week high of $151.50. The firm has a market capitalization of $13.06 billion, a PE ratio of -18.25, a P/E/G ratio of 5.54 and a beta of 1.99. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 4.10.

Etsy (NASDAQ:ETSY – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The specialty retailer reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). Etsy had a positive return on equity of 1,306.41% and a negative net margin of 27.06%. The company had revenue of $807.20 million during the quarter, compared to the consensus estimate of $752.12 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Etsy will post 2.81 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $132.87, for a total value of $2,770,339.50. Following the sale, the chief executive officer now owns 107,305 shares in the company, valued at $14,257,615.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Etsy news, CFO Rachel C. Glaser sold 19,822 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $125.54, for a total transaction of $2,488,453.88. Following the transaction, the chief financial officer now owns 49,143 shares in the company, valued at $6,169,412.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $132.87, for a total transaction of $2,770,339.50. Following the transaction, the chief executive officer now owns 107,305 shares in the company, valued at approximately $14,257,615.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,542 shares of company stock worth $10,731,872. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ETSY. Optimum Investment Advisors increased its position in Etsy by 400.0% during the third quarter. Optimum Investment Advisors now owns 250 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Etsy during the fourth quarter valued at $25,000. Trustcore Financial Services LLC boosted its stake in shares of Etsy by 166.3% during the third quarter. Trustcore Financial Services LLC now owns 269 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 168 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Etsy during the fourth quarter valued at $28,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Etsy during the fourth quarter valued at $28,000. Institutional investors own 95.46% of the company’s stock.

Etsy Company Profile

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Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments. Etsy, Reverb, Depop, and Elo7. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.