Etsy Inc (NASDAQ:ETSY) – Analysts at KeyCorp increased their FY2018 earnings estimates for Etsy in a research note issued on Tuesday, November 6th. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $0.50 for the year, up from their prior forecast of $0.45. KeyCorp has a “Overweight” rating and a $59.00 price objective on the stock. KeyCorp also issued estimates for Etsy’s Q4 2018 earnings at $0.21 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $0.86 EPS.

Other analysts have also issued research reports about the company. BidaskClub lowered Etsy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Wedbush started coverage on Etsy in a research note on Friday, September 14th. They issued a “buy” rating for the company. DA Davidson reaffirmed a “buy” rating and issued a $59.00 price target (up previously from $53.00) on shares of Etsy in a research note on Friday, September 14th. Loop Capital raised their price target on Etsy to $65.00 and gave the stock a “buy” rating in a research note on Friday, September 14th. Finally, Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, August 8th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.96.

Shares of ETSY stock opened at $52.01 on Friday. Etsy has a 52 week low of $16.13 and a 52 week high of $55.71. The firm has a market capitalization of $5.99 billion, a P/E ratio of 136.87, a price-to-earnings-growth ratio of 7.80 and a beta of 0.61. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.90.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Tuesday, November 6th. The specialty retailer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Etsy had a return on equity of 14.20% and a net margin of 15.00%. The company had revenue of $150.37 million during the quarter, compared to analyst estimates of $149.76 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 41.4% on a year-over-year basis.

In other Etsy news, Director Frederick R. Wilson sold 22,062 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $45.48, for a total transaction of $1,003,379.76. Following the completion of the transaction, the director now owns 23,487 shares of the company’s stock, valued at $1,068,188.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Melissa Reiff sold 35,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $46.01, for a total value of $1,610,350.00. Following the transaction, the director now directly owns 25,285 shares of the company’s stock, valued at approximately $1,163,362.85. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ETSY. Mount Yale Investment Advisors LLC purchased a new position in Etsy during the second quarter valued at $102,000. Moneta Group Investment Advisors LLC purchased a new position in shares of Etsy in the 2nd quarter worth about $146,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Etsy in the 3rd quarter worth about $149,000. PARK CIRCLE Co raised its position in shares of Etsy by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Etsy in the 2nd quarter worth about $201,000. 88.26% of the stock is owned by institutional investors and hedge funds.

Etsy Company Profile

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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Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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