Brokerages Set Etsy, Inc. (NASDAQ:ETSY) Price Target at $71.14

Etsy, Inc. (NASDAQ:ETSY) has earned an average rating of “Hold” from the twenty-three analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $71.14.

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Etsy from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Loop Capital lowered their price target on shares of Etsy from $50.00 to $45.00 and set a “sell” rating for the company in a report on Monday, August 12th. Wolfe Research started coverage on Etsy in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Wells Fargo & Company lowered their target price on Etsy from $58.00 to $47.00 and set an “underweight” rating for the company in a research note on Thursday, October 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $76.00 price target on shares of Etsy in a research note on Tuesday, September 24th.

Insider Activity at Etsy

In other news, CAO Merilee Buckley sold 1,676 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total transaction of $85,660.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.15, for a total value of $39,862.50. Following the sale, the insider now directly owns 25,121 shares in the company, valued at $1,335,181.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Merilee Buckley sold 1,676 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total value of $85,660.36. The disclosure for this sale can be found here. Insiders sold a total of 5,619 shares of company stock worth $300,670 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Etsy

Several institutional investors have recently bought and sold shares of ETSY. Sunbelt Securities Inc. raised its holdings in shares of Etsy by 3,900.0% in the first quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 429 shares during the last quarter. UMB Bank n.a. lifted its position in Etsy by 112.3% during the 3rd quarter. UMB Bank n.a. now owns 552 shares of the specialty retailer’s stock worth $31,000 after buying an additional 292 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Etsy by 1,576.5% during the 1st quarter. Larson Financial Group LLC now owns 570 shares of the specialty retailer’s stock worth $39,000 after buying an additional 536 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Etsy in the 2nd quarter valued at about $42,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Etsy in the first quarter valued at about $59,000. Institutional investors own 99.53% of the company’s stock.

Etsy Trading Up 0.1 %

ETSY stock opened at $49.69 on Friday. Etsy has a 1-year low of $49.49 and a 1-year high of $89.58. The business’s 50 day moving average is $53.78 and its 200-day moving average is $59.79. The firm has a market cap of $5.81 billion, a P/E ratio of 22.69, a P/E/G ratio of 4.99 and a beta of 1.97.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The firm had revenue of $647.80 million during the quarter, compared to analyst estimates of $629.87 million. Etsy had a net margin of 10.36% and a negative return on equity of 51.94%. Etsy’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. Sell-side analysts forecast that Etsy will post 2.38 EPS for the current year.

Etsy Company Profile

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.