1,002 institutions hold shares in Etsy Inc. (ETSY), with 751.25k shares held by insiders accounting for 0.60% while institutional investors hold 90.79% of the company’s shares. The shares outstanding are 126.01M, and float is at 125.21M with Short Float at 4.92%. Institutions hold 90.25% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 13.9 million shares valued at $2.47 billion. The investor’s holdings represent 11.03% of the ETSY Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 9.7 million shares valued at $1.73 billion to account for 7.70% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 8.23 million shares representing 6.53% and valued at over $1.47 billion, while State Street Corporation holds 3.86% of the shares totaling 4.86 million with a market value of $864.91 million.
Etsy Inc. (NASDAQ: ETSY) is 17.90% higher on its value in year-to-date trading and has touched a low of $60.70 and a high of $251.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ETSY stock was last observed hovering at around $206.86 in the last trading session, with the day’s gains setting it 2.9% off its average median price target of $240.00 for the next 12 months. It is also 22.31% off the consensus price target high of $270.00 offered by 15 analysts, but current levels are -70.54% lower than the price target low of $123.00 for the same period.
Currently trading at $209.76, the stock is 0.29% and -2.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 1.40% at the moment leaves the stock 29.36% off its SMA200. ETSY registered 241.80% gain for a year compared to 6-month gain of 41.38%. The firm has a 50-day simple moving average (SMA 50) of $212.41 and a 200-day simple moving average (SMA200) of $175.28.
The stock witnessed a -4.55% loss in the last 1 month and extending the period to 3 months gives it a -2.75%, and is -3.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.06% over the week and 4.90% over the month.
Etsy Inc. (ETSY) has around 1414 employees, a market worth around $26.36B and $1.73B in sales. Current P/E ratio is 82.07 and Fwd P/E is 54.55. Profit margin for the company is 20.20%. Distance from 52-week low is 245.57% and -16.72% from its 52-week high. The company has generated returns on investments over the last 12 months (21.20%).
Etsy Inc. (ETSY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Etsy Inc. (ETSY) is a “Buy”. 15 analysts offering their recommendations for the stock have an average rating of 1.80, where 1 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Etsy Inc. is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.87 with sales reaching $529.92M over the same period.The EPS is expected to grow by 255.00% this year, but quarterly earnings will post 26.20% year-over-year. Quarterly sales are estimated to grow 140.60% in year-over-year returns.
Etsy Inc. (ETSY) Insider Activity
A total of 350 insider transactions have happened at Etsy Inc. (ETSY) in the last six months, with sales accounting for 285 and purchases happening 65 times. The most recent transaction is an insider sale by Buckley Merilee, the company’s Chief Accounting Officer. SEC filings show that Buckley Merilee sold 746 shares of the company’s common stock on Apr 19 at a price of $214.21 per share for a total of $0.16 million. Following the sale, the insider now owns 0.0 shares.
Etsy Inc. disclosed in a document filed with the SEC on Apr 06 that Buckley Merilee (Chief Accounting Officer) sold a total of 782 shares of the company’s common stock. The trade occurred on Apr 06 and was made at $206.36 per share for $0.16 million. Following the transaction, the insider now directly holds 746.0 shares of the ETSY stock.
Still, SEC filings show that on Apr 06, SCOTT RYAN M. (Chief Marketing Officer) disposed off 919 shares at an average price of $206.27 for $0.19 million. The insider now directly holds 918 shares of Etsy Inc. (ETSY).
Etsy Inc. (ETSY): Who are the competitors?
The company’s main competitors (and peers) include eBay Inc. (EBAY) that is trading 64.26% up over the past 12 months. Short interest in the company’s stock has fallen -1.15% from the last report on Mar 30, 2021 to stand at a total of 6.16 million short shares sold with a short interest ratio of 1.61.