DA Davidson Weighs in on Etsy, Inc.’s Q3 2017 Earnings (ETSY)
Etsy, Inc. (NASDAQ:ETSY) – Analysts at DA Davidson issued their Q3 2017 EPS estimates for Etsy in a research note issued to investors on Wednesday. DA Davidson analyst T. Forte anticipates that the specialty retailer will post earnings of $0.07 per share for the quarter. DA Davidson currently has a “Buy” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for Etsy’s Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.25 EPS, FY2018 earnings at $0.29 EPS, FY2019 earnings at $0.39 EPS, FY2020 earnings at $0.50 EPS and FY2021 earnings at $0.61 EPS.
ETSY has been the topic of several other reports. BidaskClub lowered shares of Etsy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $14.00 price target (up from $12.95) on shares of Etsy in a report on Thursday, May 25th. Zacks Investment Research lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Maxim Group set a $17.00 price target on shares of Etsy and gave the stock a “buy” rating in a report on Wednesday, June 21st. Finally, Ifs Securities reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Etsy in a report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.
Etsy (NASDAQ ETSY) opened at 16.88 on Monday. The company’s market capitalization is $1.87 billion. The company has a 50-day moving average price of $15.51 and a 200 day moving average price of $13.05. Etsy has a 52-week low of $9.41 and a 52-week high of $17.49.
Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. The business had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Etsy by 4.3% during the second quarter. Vanguard Group Inc. now owns 7,873,527 shares of the specialty retailer’s stock valued at $118,103,000 after buying an additional 325,998 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Etsy by 5.5% during the second quarter. BlackRock Inc. now owns 6,701,573 shares of the specialty retailer’s stock valued at $100,523,000 after buying an additional 351,751 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Etsy during the second quarter valued at $95,291,000. Janus Capital Management LLC grew its holdings in shares of Etsy by 38.4% during the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock valued at $66,140,000 after buying an additional 1,726,152 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. grew its holdings in shares of Etsy by 2,287.5% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock valued at $75,058,000 after buying an additional 4,794,297 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Josh Silverman acquired 64,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 64,000 shares of the company’s stock, valued at $1,002,880. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by insiders.
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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