Etsy, Inc. (ETSY) Given a $17.00 Price Target at Maxim Group
Etsy, Inc. (NASDAQ:ETSY) has been assigned a $17.00 price objective by equities researchers at Maxim Group in a report released on Wednesday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Maxim Group’s price target indicates a potential upside of 11.55% from the company’s previous close.
ETSY has been the subject of several other reports. Roth Capital set a $16.00 target price on Etsy and gave the stock a “buy” rating in a report on Monday, February 27th. Loop Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Etsy in a report on Wednesday, March 22nd. TheStreet upgraded Etsy from a “d” rating to a “c-” rating in a report on Wednesday, May 24th. Stifel Nicolaus restated a “hold” rating and set a $13.00 price objective (down from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Finally, Wedbush restated a “neutral” rating and set a $13.00 price objective (down from $14.00) on shares of Etsy in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Etsy presently has an average rating of “Hold” and a consensus target price of $13.65.
Shares of Etsy (NASDAQ ETSY) traded up 3.81% during mid-day trading on Wednesday, reaching $15.24. The company had a trading volume of 3,422,627 shares. Etsy has a 1-year low of $8.56 and a 1-year high of $16.05. The firm has a 50-day moving average price of $12.85 and a 200-day moving average price of $11.93. The stock’s market capitalization is $1.69 billion.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported $0.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.05. The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.64 million. Etsy had a negative net margin of 8.29% and a negative return on equity of 2.01%. Equities analysts expect that Etsy will post $0.03 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Etsy by 33.7% in the fourth quarter. State Street Corp now owns 2,226,805 shares of the specialty retailer’s stock worth $26,228,000 after buying an additional 560,837 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Etsy during the fourth quarter worth approximately $957,000. Federated Investors Inc. PA boosted its stake in Etsy by 102.7% in the fourth quarter. Federated Investors Inc. PA now owns 238,753 shares of the specialty retailer’s stock worth $2,812,000 after buying an additional 120,944 shares during the period. Royce & Associates LP acquired a new stake in Etsy during the fourth quarter worth approximately $1,149,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in Etsy during the fourth quarter worth approximately $142,000. Institutional investors own 69.50% 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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