Etsy (NASDAQ:ETSY) had its target price hoisted by stock analysts at Stifel Nicolaus from $37.00 to $46.00 in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 8.41% from the company’s current price.
Several other analysts have also recently commented on the company. Loop Capital raised their price target on Etsy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 18th. KeyCorp raised their price target on Etsy from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, June 15th. DA Davidson raised their price target on Etsy to $51.00 and gave the company a “buy” rating in a report on Friday, June 15th. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, April 17th. Finally, TheStreet raised Etsy from a “c+” rating to a “b-” rating in a report on Monday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $37.68.
Etsy opened at $42.43 on Tuesday, MarketBeat.com reports. Etsy has a twelve month low of $15.13 and a twelve month high of $45.88. The company has a quick ratio of 6.62, a current ratio of 6.62 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 111.66, a P/E/G ratio of 7.28 and a beta of 0.12.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Monday, August 6th. The specialty retailer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Etsy had a return on equity of 16.10% and a net margin of 20.46%. The company had revenue of $132.39 million for the quarter, compared to analyst estimates of $127.10 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue was up 30.2% compared to the same quarter last year. research analysts forecast that Etsy will post 0.46 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of ETSY. Guggenheim Capital LLC increased its stake in Etsy by 38.6% in the 4th quarter. Guggenheim Capital LLC now owns 36,005 shares of the specialty retailer’s stock valued at $737,000 after purchasing an additional 10,024 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Etsy in the 4th quarter valued at approximately $1,126,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Etsy by 233.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66,010 shares of the specialty retailer’s stock valued at $1,852,000 after purchasing an additional 46,199 shares in the last quarter. Alps Advisors Inc. purchased a new position in Etsy in the 1st quarter valued at approximately $483,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Etsy in the 1st quarter valued at approximately $2,421,000. 87.38% of the stock is owned by institutional investors and hedge funds.
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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