Etsy Inc (NASDAQ: ETSY) Is Expected To Release Its FY2020 Earnings


KeyCorp has raised its EPS estimates of Etsy (NASDAQ: ETSY) for FY2020 to $2.43 from $2.41. They have assigned a rating of ‘overweight’ with a price objective of $180.

On Monday, Etsy started from $170.02 in the stock market with the market cap being $21.44B. The lowest in 1 year is $29.95 while the highest is $171.66. Their current, quick, and debt-to-equity quotient are 4.98, 4.98, and 1.65. The 50-day rolling average is $140.83 while the 200-day is $119.84.

According to the 28th October report, the company had an EPS earning of $0.70, surpassing the $0.62 consensus estimate by $0.08. Their revenue was $451.48M that surpassed the $418.72M. Their net margin was 16.38% with return equity being 46.30%.

ETSY Stock Transactions

Stifel Nicolaus increased the price objective of the stock to $170 from $160 and gave a rating of ‘buy’. Wedbush promoted it to $170 from $165 and gave a rating of ‘outperform’. Morgan Stanley increased it to $74 from $68 and gave a rating of ‘underweight’. Zacks demoted the rating to ‘hold’ from ‘strong buy’ and issued a price target of $154. Royal Canada Bank increased it to $169 from $164 and gave a rating of ‘outperform’. The company has a consensus ‘buy’ recommendation with a $142.23 price objective.

Michael Fisher, CTO, sold off 10,575 company shares at $120 EPS worth $1,269,000. Insiders own 3.80% ETSY stock.

Harding Loevner bought a new stake in Q3 owning $218,088,000 worth of Etsy shares. HMI Capital bought a new position in Q3 priced at $165,625,000. State Street Corp raised their holdings by 41.3% in Q3, owning $494,038,000 worth of shares while Baird Group owns $43,689,000 worth of shares. 2 Sigma Advisors owns $224,326,000 worth of shares. Hedge funds and institutional investors possess 75.30% company’s stock.