Etsy Inc (NASDAQ:ETSY) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 11,434,459 shares, a growth of 22.1% from the April 28th total of 9,363,652 shares. Approximately 14.2% of the shares of the stock are short sold. Based on an average daily volume of 4,896,259 shares, the days-to-cover ratio is currently 2.3 days.

Several equities analysts have recently weighed in on ETSY shares. Roth Capital set a $16.00 target price on Etsy and gave the company a “buy” rating in a research report on Monday, February 27th. Wedbush decreased their target price on Etsy from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, February 24th. Loop Capital restated a “buy” rating and issued a $16.00 target price on shares of Etsy in a research report on Wednesday, March 22nd. Zacks Investment Research downgraded Etsy from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $14.00 target price on shares of Etsy in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Etsy has an average rating of “Hold” and a consensus target price of $13.61.

In other Etsy news, Director Frederick R. Wilson sold 100,009 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $10.21, for a total transaction of $1,021,091.89. Following the transaction, the director now owns 822,062 shares in the company, valued at $8,393,253.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ETSY. FNY Managed Accounts LLC acquired a new position in shares of Etsy during the first quarter worth $105,000. UBS Group AG raised its position in shares of Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after buying an additional 2,373 shares in the last quarter. Creative Planning raised its position in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new position in shares of Etsy during the fourth quarter worth $142,000. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Etsy during the first quarter worth $174,000. 60.65% of the stock is currently owned by institutional investors.

Etsy (NASDAQ:ETSY) opened at 13.18 on Friday. Etsy has a 12 month low of $8.40 and a 12 month high of $16.05. The stock’s market cap is $1.46 billion. The company’s 50-day moving average price is $11.41 and its 200-day moving average price is $11.77.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.05. Etsy had a negative return on equity of 1.69% and a negative net margin of 3.72%. The business had revenue of $96.89 million for the quarter, compared to analysts’ expectations of $98.64 million. Equities analysts forecast that Etsy will post $0.01 earnings per share for the current year.

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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.

12 Month Chart for NASDAQ:ETSY

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