The share price of Etsy Inc (NASDAQ: ETSY) has successfully managed to reach its all-time high in 52 weeks on Tuesday as Jefferies Financial Group increased the price objective of the stock to $245 from $205 and assigned a rating of ‘buy’. Their stock had earlier concluded at almost $208.81.
The market cap of the company is $26.74B. They have a 116.01 PE ratio, 3.58 PEG ratio, and 1.66 beta. Their current, quick, and leverage ratio is 4.98, 4.98, and 1.65. Their 50-day rolling average price is $186.22 while the 200-day rolling average price is $141.95.
According to their 28th October report, their quarterly EPS earnings was $0.70 that surpassed the $0.62 consensus estimate by Zacks by almost $0.08. Their equity return was 46.30% with a 16.83% net margin. Their quarterly revenue was $451.48M that exceeded the $418.72M estimate.
ETSY Stock Ventures
Morgan Stanley lifted the price objective of the shares to $93 from $74 and gave a rating of ‘underweight’. Zacks raised the rating to ‘buy’ from ‘hold’ and assigned a price objective of $187. Needham and Company increased it to $155 from $150 and gave a rating of ‘buy’. Roth Capital promoted it to $235 from $165 and gave a rating of ‘buy’. Wedbush lifted it to $170 from $165 and gave a rating of ‘outperform’. The company has an average ‘buy’ recommendation with a $159.82 price objective.
Raina Moskowitz, an insider, sold off 2,500 ETSY shares at $130.76 EPS worth $326,900. Margaret M. Smyth, the Director, sold off 8,000 ETSY shares at $122.17 EPS worth $289,787.24. Insiders own 3.80% of the stock.
Pinnacle Associates bought new holdings in ETSY stock and own $311,000 worth of shares. Nia Advisors acquired a new stake worth $4,182,000 in the company. Capital Advisory Services bought a new position, owning $283,000 worth of shares. Nisa Advisors raised their stake by almost 63.3%, owning shares priced at $2,782,000. 87.96% ETSY stock is owned by institutional investors.