Etsy (NASDAQ:ETSY)‘s stock had its “overweight” rating restated by equities research analysts at KeyCorp in a research report issued to clients and investors on Wednesday. They currently have a $33.00 target price on the specialty retailer’s stock, up from their previous target price of $28.00. KeyCorp’s price objective indicates a potential upside of 16.32% from the stock’s current price. KeyCorp also issued estimates for Etsy’s Q1 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.39 EPS and FY2019 earnings at $0.52 EPS.
A number of other research analysts have also recently weighed in on ETSY. DA Davidson lifted their target price on shares of Etsy from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Piper Jaffray Companies restated a “hold” rating and issued a $23.00 target price on shares of Etsy in a report on Thursday, March 1st. Stifel Nicolaus restated a “hold” rating and issued a $24.00 target price (up from $18.00) on shares of Etsy in a report on Wednesday, February 28th. Citigroup boosted their target price on shares of Etsy from $17.50 to $25.50 and gave the stock a “neutral” rating in a report on Monday, March 5th. Finally, BidaskClub upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Etsy currently has a consensus rating of “Hold” and a consensus target price of $21.58.
Shares of Etsy (NASDAQ:ETSY) traded up $0.45 during mid-day trading on Wednesday, hitting $28.37. 2,743,880 shares of the stock were exchanged, compared to its average volume of 2,616,639. Etsy has a 12-month low of $9.60 and a 12-month high of $28.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 4.29. The company has a market cap of $3,392.36, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 4.58 and a beta of 0.30.
In related news, Director Jonathan D. Klein sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $21.31, for a total transaction of $1,065,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake 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 acquiring an additional 2,255,391 shares in the last quarter. Two Sigma Advisers LP grew its stake in Etsy by 3,196.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,635,244 shares of the specialty retailer’s stock worth $33,441,000 after acquiring an additional 1,585,644 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake 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 acquiring an additional 1,443,716 shares in the last quarter. Two Sigma Investments LP grew its stake in Etsy by 221.4% in the 4th quarter. Two Sigma Investments LP now owns 1,927,194 shares of the specialty retailer’s stock worth $39,411,000 after acquiring an additional 1,327,537 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new position in Etsy in the 4th quarter worth about $21,709,000. Institutional investors own 79.94% of the company’s stock.
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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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