Etsy, Inc. (NASDAQ:ETSY) Receives Consensus Recommendation of “Hold” from Analysts
Etsy, Inc. (NASDAQ:ETSY) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.49.
ETSY has been the subject of several analyst reports. Loop Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Etsy in a research note on Wednesday, March 22nd. Maxim Group reissued a “buy” rating and set a $17.00 price target on shares of Etsy in a research report on Tuesday, April 25th. Zacks Investment Research downgraded Etsy from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Wedbush reissued a “neutral” rating and set a $9.00 price target (down previously from $13.00) on shares of Etsy in a research report on Wednesday, May 3rd. Finally, Roth Capital downgraded Etsy from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Wednesday, May 3rd.
A number of hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new stake in shares of Etsy during the first quarter valued at about $105,000. UBS Group AG boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 during the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the first quarter worth $174,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of Etsy during the first quarter worth $284,000. Hedge funds and other institutional investors own 69.50% of the company’s stock.
Etsy (NASDAQ:ETSY) traded down 0.07% during midday trading on Monday, reaching $15.01. The company’s stock had a trading volume of 841,368 shares. The stock’s market cap is $1.67 billion. The stock’s 50 day moving average is $13.59 and its 200 day moving average is $12.07. Etsy has a 12-month low of $9.31 and a 12-month high of $16.05.
Etsy (NASDAQ:ETSY) last released its earnings results 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 analyst estimates of $98.64 million. Etsy had a negative net margin of 8.29% and a negative return on equity of 2.01%. Analysts anticipate that Etsy will post $0.03 earnings per share for the current year.
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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