The stock of Etsy Inc (NASDAQ:ETSY) hit a new 52-week high and has $19.15 target or 23.00% above today’s $15.57 share price. The 8 months bullish chart indicates low risk for the $1.75 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $19.15 price target is reached, the company will be worth $402.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.35M shares traded hands. Etsy Inc (NASDAQ:ETSY) has risen 71.54% since March 4, 2016 and is uptrending. It has outperformed by 63.50% the S&P500.
Analysts await Etsy Inc (NASDAQ:ETSY) to report earnings on November, 1. They expect $-0.02 EPS, up 66.67% or $0.04 from last year’s $-0.06 per share. After $-0.06 actual EPS reported by Etsy Inc for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
Etsy Inc (NASDAQ:ETSY) Ratings Coverage
Out of 8 analysts covering Etsy (NASDAQ:ETSY), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. Etsy has been the topic of 17 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Etsy Inc (NASDAQ:ETSY) has “Neutral” rating given on Tuesday, October 20 by Wedbush. The company was upgraded on Wednesday, November 11 by Monness Crespi & Hardt. The firm has “Sell” rating given on Tuesday, December 22 by Roth Capital. The firm has “Buy” rating given on Monday, September 26 by Maxim Group. The rating was maintained by Brean Capital on Saturday, August 29 with “Buy”. Brean Capital maintained the stock with “Buy” rating in Wednesday, November 4 report. The stock of Etsy Inc (NASDAQ:ETSY) has “Strong Sell” rating given on Wednesday, August 19 by Vetr. The stock of Etsy Inc (NASDAQ:ETSY) has “Hold” rating given on Wednesday, November 18 by Topeka Capital Markets. The firm earned “Buy” rating on Tuesday, August 11 by Vetr. Maxim Group initiated Etsy Inc (NASDAQ:ETSY) rating on Thursday, May 26. Maxim Group has “Buy” rating and $12 price target.
According to Zacks Investment Research, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York.”
More recent Etsy Inc (NASDAQ:ETSY) news were published by: Benzinga.com which released: “The Next Move For Etsy Investors After The Stock’s Recent Outperformance” on October 07, 2016. Also Profitconfidential.com published the news titled: “Etsy Inc: If Esty Stock Pulls This Off, it will Skyrocket” on September 18, 2016. Schaeffersresearch.com‘s news article titled: “Etsy Inc (ETSY) Options Traders Take Aim at Higher Highs” with publication date: October 04, 2016 was also an interesting one.
ETSY Company Profile
Etsy, Inc. (Etsy), incorporated on February 14, 2006, operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical divisions include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees. The Company’s platform includes marketplace, Seller Services, technology and community, both online and offline. The Firm offers a range of services to help Etsy sellers build their personal brands, engage clients and complete transactions. The Firm has over three seller services: Promoted Listings, Direct Checkout and Shipping Labels. The Company’s Promoted Listings offering enables an Etsy seller to pay a cost-per-click fee to feature and promote her goods in search results generated by Etsy buyers on its platform. This service allows an Etsy seller to target Etsy buyers searching for goods similar to those she offers for sale.
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