Etsy Inc (NASDAQ:ETSY) – Investment analysts at Wedbush upped their Q4 2021 earnings per share (EPS) estimates for shares of Etsy in a report issued on Thursday, October 29th. Wedbush analyst Y. Arounian now expects that the specialty retailer will earn $0.42 per share for the quarter, up from their previous forecast of $0.38. Wedbush currently has a “Outperform” rating and a $165.00 target price on the stock.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. Etsy had a net margin of 13.78% and a return on equity of 35.91%.
ETSY stock traded down $9.17 during trading on Friday, hitting $123.25. The company had a trading volume of 112,525 shares, compared to its average volume of 3,830,831. The firm has a 50-day moving average price of $129.70 and a 200-day moving average price of $104.58. Etsy has a 12 month low of $29.95 and a 12 month high of $154.88. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 1.63. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 101.02, a PEG ratio of 2.57 and a beta of 1.36.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Michigan Retirement System lifted its position in Etsy by 31.4% during the second quarter. State of Michigan Retirement System now owns 43,238 shares of the specialty retailer’s stock worth $4,593,000 after purchasing an additional 10,338 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Etsy in the first quarter worth about $1,609,000. Advisory Services Network LLC lifted its holdings in shares of Etsy by 700.0% in the second quarter. Advisory Services Network LLC now owns 5,792 shares of the specialty retailer’s stock worth $616,000 after acquiring an additional 5,068 shares during the last quarter. Scout Investments Inc. bought a new position in shares of Etsy in the third quarter worth about $3,769,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Etsy in the second quarter worth about $219,000. 91.78% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Josh Silverman sold 80,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $124.96, for a total transaction of $9,996,800.00. Following the completion of the sale, the chief executive officer now owns 80,000 shares of the company’s stock, valued at $9,996,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merilee Buckley sold 741 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $135.26, for a total transaction of $100,227.66. Following the sale, the chief accounting officer now directly owns 2,190 shares of the company’s stock, valued at approximately $296,219.40. The disclosure for this sale can be found here. Insiders have sold 341,752 shares of company stock valued at $43,305,730 in the last three months. Insiders own 3.80% of the company’s stock.
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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