Etsy Inc (NASDAQ:ETSY) – Research analysts at Wedbush lowered their Q2 2019 EPS estimates for Etsy in a report released on Wednesday, November 7th. Wedbush analyst Y. Arounian now expects that the specialty retailer will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.13. Wedbush has a “Buy” rating on the stock. Wedbush also issued estimates for Etsy’s Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.63 EPS and FY2020 earnings at $0.93 EPS.

Several other research analysts have also weighed in on the stock. Loop Capital set a $57.00 target price on shares of Etsy and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, November 2nd. Royal Bank of Canada increased their target price on shares of Etsy from $45.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Wednesday. KeyCorp increased their target price on shares of Etsy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 7th. Finally, Stifel Nicolaus increased their target price on shares of Etsy from $37.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Etsy has a consensus rating of “Buy” and an average price target of $45.96.

Shares of ETSY opened at $52.01 on Friday. The company has a quick ratio of 5.87, a current ratio of 5.49 and a debt-to-equity ratio of 0.85. Etsy has a 12-month low of $16.13 and a 12-month high of $55.71. The stock has a market capitalization of $6.52 billion, a P/E ratio of 125.81, a PEG ratio of 8.15 and a beta of 0.61.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, November 6th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.09. Etsy had a net margin of 15.00% and a return on equity of 14.10%. The firm had revenue of $150.37 million during the quarter, compared to analyst estimates of $149.76 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Etsy’s quarterly revenue was up 41.4% on a year-over-year basis.

In related news, Director Frederick R. Wilson sold 22,062 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $45.48, for a total value of $1,003,379.76. Following the sale, the director now owns 23,487 shares of the company’s stock, valued at $1,068,188.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Melissa Reiff sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $46.01, for a total transaction of $1,610,350.00. Following the completion of the sale, the director now directly owns 25,285 shares in the company, 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 large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its holdings in Etsy by 1,032.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 23,219 shares of the specialty retailer’s stock valued at $1,122,000 after acquiring an additional 21,169 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in Etsy in the third quarter valued at approximately $1,925,000. FMR LLC raised its holdings in Etsy by 157.0% in the third quarter. FMR LLC now owns 1,119,084 shares of the specialty retailer’s stock valued at $57,499,000 after acquiring an additional 683,684 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in Etsy in the third quarter valued at approximately $288,000. Finally, American International Group Inc. raised its holdings in Etsy by 1.8% in the third quarter. American International Group Inc. now owns 79,285 shares of the specialty retailer’s stock valued at $4,074,000 after acquiring an additional 1,429 shares in the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.

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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