Etsy (ETSY) Shares Gap Up to $18.63
Etsy Inc (NASDAQ:ETSY) shares gapped up before the market opened on Monday . The stock had previously closed at $19.02, but opened at $18.63. Etsy shares last traded at $18.63, with a volume of 2896200 shares trading hands.
A number of research firms have recently weighed in on ETSY. KeyCorp began coverage on shares of Etsy in a research report on Wednesday, December 20th. They set an “overweight” rating for the company. Ifs Securities reissued an “outperform” rating and set a $22.00 target price (up from $18.00) on shares of Etsy in a research report on Tuesday, November 7th. Royal Bank of Canada increased their target price on shares of Etsy from $16.00 to $18.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Etsy from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Finally, BidaskClub raised shares of Etsy from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.19.
The firm has a market cap of $2,266.32, a price-to-earnings ratio of 74.48, a P/E/G ratio of 3.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.26 and a quick ratio of 4.26.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETSY. Renaissance Technologies LLC boosted its holdings in Etsy by 66.8% in the 4th quarter. Renaissance Technologies LLC now owns 5,631,800 shares of the specialty retailer’s stock worth $115,170,000 after buying an additional 2,255,391 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its holdings in Etsy by 9,134.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,459,522 shares of the specialty retailer’s stock worth $29,847,000 after buying an additional 1,443,716 shares during the period. Maverick Capital Ltd. bought a new position in Etsy in the 4th quarter worth approximately $21,709,000. OppenheimerFunds Inc. bought a new position in Etsy in the 4th quarter worth approximately $17,046,000. Finally, Wells Fargo & Company MN boosted its holdings in Etsy by 54.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,329,941 shares of the specialty retailer’s stock worth $47,647,000 after buying an additional 816,636 shares during the period. 76.29% of the stock is owned by institutional investors.
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Etsy Company Profile
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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