Etsy, Inc. (NASDAQ:ETSY) Receives Average Recommendation of "Hold" from Analysts - MarketBeat

Category: Etsy News
Original source: MarketBeat
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Sentiment Score: -0.98025
Published: Aug 31st, 2022
Etsy, Inc. (NASDAQ:ETSY) Receives Average Recommendation of "Hold" from Analysts - MarketBeat

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DA Davidson cut their price target on shares of Etsy from $185.
KeyCorp began coverage on shares of Etsy in a research note on Wednesday, July 20th.
00 price target on shares of Etsy in a research note on Wednesday, June 1st.
Guggenheim boosted their price target on shares of Etsy from $101.
Finally, UBS Group cut their price target on shares of Etsy from $180.

Etsy, Inc. (NASDAQ:ETSY) Receives Average Recommendation of "Hold" from Analysts - MarketBeat

Etsy, Inc. (NASDAQ:ETSY - Get Rating) has been given an average recommendation of "Hold" by the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $128.26. A number of research firms have commented on ETSY. DA Davidson cut their price target on shares of Etsy from $185.00 to $146.00 in a research note on Wednesday, July 20th. KeyCorp began coverage on shares of Etsy in a research note on Wednesday, July 20th. They issued a "sector weight" rating for the company. JMP Securities reissued a "mkt outperform" rating and issued a $125.00 price target on shares of Etsy in a research note on Wednesday, June 1st. Guggenheim boosted their price target on shares of Etsy from $101.00 to $105.00 in a research note on Thursday, July 28th. Finally, UBS Group cut their price target on shares of Etsy from $180.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, June 3rd. Etsy Price Performance Shares of NASDAQ:ETSY opened at $104.25 on Friday. The company has a 50 day moving average of $95.51 and a 200 day moving average of $106.06. The stock has a market cap of $13.20 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.93 and a beta of 1.88. Etsy has a 12 month low of $67.01 and a 12 month high of $307.75. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 4.10. Ad Tradewins The Safest Option in Trades! If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves! Etsy (NASDAQ:ETSY - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.38 by $0.13. The company had revenue of $585.20 million during the quarter, compared to analysts' expectations of $556.85 million. Etsy had a net margin of 17.01% and a return on equity of 67.88%. Etsy's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, sell-side analysts forecast that Etsy will post 2.18 EPS for the current fiscal year. Insider Activity at Etsy In related news, CMO Ryan M. Scott sold 712 shares of the company's stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $71,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Etsy news, CFO Rachel C. Glaser sold 3,040 shares of the company's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $117.53, for a total value of $357,291.20. Following the completion of the transaction, the chief financial officer now directly owns 42,709 shares in the company, valued at approximately $5,019,588.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Ryan M. Scott sold 712 shares of the company's stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $100.00, for a total transaction of $71,200.00. The disclosure for this sale can be found here. Insiders sold 114,320 shares of company stock worth $10,959,493 in the last three months. 3.10% of the stock is owned by insiders. Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the stock. Rinkey Investments purchased a new stake in shares of Etsy in the 4th quarter worth about $26,000. American National Bank grew its position in shares of Etsy by 71.3% in the 1st quarter. American National Bank now owns 209 shares of the specialty retailer's stock worth $26,000 after buying an additional 87 shares during the period. Allworth Financial LP grew its position in shares of Etsy by 403.9% in the 2nd quarter. Allworth Financial LP now owns 388 shares of the specialty retailer's stock worth $28,000 after buying an additional 311 shares during the period. Covestor Ltd purchased a new stake in shares of Etsy in the 4th quarter worth about $29,000. Finally, Institutional & Family Asset Management LLC grew its position in shares of Etsy by 125.7% in the 1st quarter. Institutional & Family Asset Management LLC now owns 246 shares of the specialty retailer's stock worth $31,000 after buying an additional 137 shares during the period. 89.93% of the stock is currently owned by institutional investors. Etsy Company Profile Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. Featured Articles This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider Etsy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list. While Etsy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here
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