The price of Etsy Inc (NASDAQ:ETSY) shares last traded on Wall Street rose 2.50% to $68.51.
ETSY stock price is now -4.64% away from the 50-day moving average and -9.72% away from the 200-day moving average. The market capitalization of the company currently stands at $8.12B.
With the price target reduced from $90 to $87, BTIG Research maintained Buy rating for Etsy Inc (NASDAQ: ETSY). On January 10, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $84 to quote $80, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Silverman Josh, PRESIDENT & CEO sold 63,047 shares of the company’s stock on Feb 27 ’24. The stock was sold for $4,570,908 at an average price of $72.50. Upon completion of the transaction, the PRESIDENT & CEO now directly owns 23,140 shares in the company, valued at $1.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, CHIEF PRODUCT OFFICER Daniel Nicholas sold 1,500 shares of the business’s stock. A total of $107,728 was realized by selling the stock at an average price of $71.82. This leaves the insider owning 13,138 shares of the company worth $0.9 million. A total of 0.86% of the company’s stock is owned by insiders.
During the past 12 months, Etsy Inc has had a low of $58.20 and a high of $116.15. According to the stock market information, the enterprise value for the company is $9.35B, which is based on a 30.47 price-to-earnings ratio, a 1.35 price-to-earnings-growth ratio, and a beta of 2.02. The fifty day moving average price for ETSY is $71.66 and a two-hundred day moving average price translates $75.80 for the stock.
The latest earnings results from Etsy Inc (NASDAQ: ETSY) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $0.62, missing analysts’ expectations of $0.77 by -0.15. This compares to $1.06 EPS in the same period last year. The net profit margin was 11.19% and return on equity was -1224.50% for ETSY. The company reported revenue of $842.32 million for the quarter, compared to $807.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.35 percent. For the current quarter, analysts expect ETSY to generate $646.47M in revenue.
