Nomura reissued their buy rating on shares of Etsy (NASDAQ:ETSY) in a research note released on Monday, January 6th, AnalystRatings.com reports. The firm currently has a $61.00 price objective on the specialty retailer’s stock.
A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada raised shares of Etsy from a sector perform rating to an outperform rating and increased their price target for the stock from $63.00 to $68.00 in a research note on Thursday, September 19th. BidaskClub raised shares of Etsy from a strong sell rating to a sell rating in a research note on Tuesday, December 17th. Canaccord Genuity cut their target price on shares of Etsy from $85.00 to $80.00 and set a buy rating on the stock in a research note on Thursday, October 31st. Wedbush reissued an equal weight rating and issued a $52.80 target price (up previously from $49.00) on shares of Etsy in a research note on Thursday, October 31st. Finally, SunTrust Banks started coverage on shares of Etsy in a research note on Friday, December 13th. They issued a buy rating and a $55.00 target price on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Etsy presently has an average rating of Buy and a consensus target price of $66.30.
Shares of ETSY stock traded up $1.71 during trading hours on Monday, hitting $50.57. The company’s stock had a trading volume of 1,262,169 shares, compared to its average volume of 2,106,645. The company has a current ratio of 6.11, a quick ratio of 6.11 and a debt-to-equity ratio of 2.14. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 82.90, a P/E/G ratio of 3.01 and a beta of 0.93. The business has a fifty day moving average of $44.03 and a 200-day moving average of $52.78. Etsy has a twelve month low of $39.76 and a twelve month high of $73.35.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $197.95 million for the quarter, compared to the consensus estimate of $193.31 million. Etsy had a net margin of 14.14% and a return on equity of 25.62%. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, equities analysts expect that Etsy will post 0.68 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC bought a new stake in shares of Etsy during the 3rd quarter worth about $27,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Etsy in the second quarter worth approximately $31,000. AdvisorNet Financial Inc purchased a new position in shares of Etsy in the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC increased its position in shares of Etsy by 132.0% in the third quarter. Flagship Harbor Advisors LLC now owns 536 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 305 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its position in shares of Etsy by 171.0% in the third quarter. Carroll Financial Associates Inc. now owns 542 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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