Brokerages Set Etsy, Inc. (NASDAQ:ETSY) Target Price at $54.30

Shares of Etsy, Inc. (NASDAQ:ETSYGet Free Report) have been assigned an average rating of “Hold” from the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $50.14.

Several equities analysts have recently weighed in on ETSY shares. Citigroup reduced their price objective on shares of Etsy from $53.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Truist Financial reduced their target price on shares of Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. B. Riley decreased their price target on shares of Etsy from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on Etsy and gave the company a “hold” rating in a research report on Monday, April 14th. Finally, The Goldman Sachs Group cut their target price on Etsy from $35.00 to $31.00 and set a “sell” rating on the stock in a research report on Thursday.

Get Our Latest Stock Report on ETSY

Etsy Stock Down 2.2 %

ETSY stock opened at $42.51 on Tuesday. The stock has a market cap of $4.47 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. The firm’s 50-day simple moving average is $46.05 and its 200 day simple moving average is $51.15. Etsy has a fifty-two week low of $40.05 and a fifty-two week high of $66.93.

Etsy (NASDAQ:ETSYGet Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). The firm had revenue of $651.18 million for the quarter, compared to analyst estimates of $642.22 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. Equities analysts forecast that Etsy will post 2.57 EPS for the current fiscal year.

Insider Activity at Etsy

In other news, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total value of $69,745.20. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $28,593.60. This trade represents a 70.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the transaction, the insider now directly owns 22,198 shares in the company, valued at $1,228,437.32. This trade represents a 6.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,952 shares of company stock valued at $2,554,620 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Etsy

A number of institutional investors have recently bought and sold shares of ETSY. Lindbrook Capital LLC boosted its holdings in Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after buying an additional 181 shares during the last quarter. True Wealth Design LLC grew its holdings in Etsy by 112.7% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 292 shares during the period. Hurley Capital LLC acquired a new stake in Etsy in the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Etsy during the fourth quarter worth $34,000. Finally, Allworth Financial LP increased its position in shares of Etsy by 47.6% in the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 248 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Company Profile

(Get Free Report

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

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Analyst Recommendations for Etsy (NASDAQ:ETSY)

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