Etsy (ETSY) modernized to buy at Zacks Investment Research

Zacks Investment Research improved the shares of Etsy (NASDAQ: ETSY) from a note of detention to a note of purchase in a research report published Friday. Zacks Investment Research currently has a price target of $ 49.00 on the action of the specialty retailer.

According to Zacks, "Etsy, Inc. offers e-commerce services. It provides online and offline markets for buying and selling goods. The company's products include art, home and lifestyle items, mobile accessories, jewelry, weddings and more. It operates mainly in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. The headquarters of Etsy, Inc. is located in Brooklyn, New York. "

A number of other equity badysts have also recently invested in equities. Morgan Stanley upgraded Etsy's shares from underweight to an equal weight and increased their target price from $ 36.00 to $ 48.00 in a report on Wednesday, October 24th. TheStreet downgraded Etsy's shares from a b- grade to a c + grade in a report released on Tuesday, October 9th. In a report released Tuesday, Oct. 9, the BidaskClub downgraded Etsy 's stock from a purchase scoring to a conservation rating. KeyCorp increased its target price of Etsy shares from $ 51.00 to $ 59.00 and gave the stock an overweight position in a report released on Tuesday, October 2nd. Finally, Wedbush covered the shares of Etsy in a report released Friday, September 14. They set a purchase price on the stock. Six research badysts badigned a conservation rating to the stock, seven issued a purchase note and one rated the company highly. Etsy currently has a consensual rating of Buy and a consensus price target of $ 46.04.

NASDAQ ETSY shares traded $ 0.62 in Friday afternoon trading to $ 42.84. The company's shares recorded a trading volume of 1,645,933 shares, compared with an average volume of 2,452,429 shares. The company has a market capitalization of $ 5.13 billion, a PE of 112.74, a price / earnings growth ratio of 6.84 and a beta of 0.61. Etsy has a minimum of fifty-two weeks of $ 16.08 and a maximum of fifty-two weeks of $ 53.25. The company has a fast ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.90.

Etsy (NASDAQ: ETSY) released its financial results on Monday, August 6th. The retailer reported earnings per share of $ 0.03 for the quarter, but Zacks' consensus estimate of $ 0.04 ($ 0.01). The company reported sales of $ 132.39 million for the quarter, compared to badysts' estimates of $ 127.10 million. Etsy had a return on equity of 13.23% and a net margin of 17.52%. Etsy's quarterly sales increased 30.2% year-on-year. In the same quarter of the previous year, the company reported earnings per share of $ 0.10. As a group, sales side badysts predict that Etsy will post a 0.42 EPS for the current year.

In another new Etsy, director Melissa Reiff sold 35,000 Etsy shares during a transaction on Friday, Aug. 17. The shares were sold at an average price of $ 46.01, for a total transaction of $ 1,610,350.00. As a result of the transaction, the director now directly owns 25,285 shares of the Company, valued at $ 1,163,362.85. The transaction was disclosed in a document filed with the SEC, available on the SEC's website. In addition, director Michele Burns sold 5,000 Etsy shares in a transaction on Wednesday, August 8. The stock was sold at an average price of $ 43.85, for a total transaction of $ 219,250.00. As a result of the transaction, the Director now holds directly 18,487 shares of the Company valued at $ 810,654.95. The disclosure of this sale can be found here. Over the past 90 days, insiders have sold 107,062 shares of a corporation valued at $ 4,834,580. The insiders of the company hold 2.80% of the shares of the company.

Hedge funds have recently increased or decreased their stake in the company. UBS Group AG increased its stake in Etsy by 35.7% in the first quarter. UBS Group AG now holds 12,755 shares valued at $ 358,000 from specialist retailers, after purchasing 3,359 additional shares in the last quarter. LPL Financial LLC increased its stake in Etsy shares by 268.2% in the first quarter. LPL Financial LLC now holds 54,720 shares valued at $ 1,535,000 after purchasing 39,858 additional shares in the last quarter. Xact Kapitalforvaltning AB has purchased a new position in Etsy's shares in the first quarter, valued at approximately $ 341,000. Allianz Asset Management GmbH increased its stake in Etsy by 132.5% in the first quarter. Allianz Asset Management GmbH now holds 38,298 shares of retail value of $ 1,075,000 after purchasing 21,823 additional shares in the last quarter. Finally, Clinton Group Inc. acquired a new interest in Etsy during the second quarter for approximately $ 248,000. 86.57% of the stock is held by hedge funds and other institutional investors.

Etsy Company Profile

Etsy, Inc. operates Etsy.com, a trading platform for making, selling and buying products online and offline, primarily in the United States, United Kingdom, Canada, Australia, France and Germany. It provides a variety of vendor services and tools designed to help entrepreneurs start, manage and grow their businesses.

See also: Ex-Dividend

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