Etsy (NASDAQ:ETSY) Target Raised by KeyCorp to $115.00

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Etsy stock has undergone multiple analysts rating changes in the recent past.  Etsy stock Target Raised by   KeyCorp on 6/30/2020. In a note to investors, the firm issued a new target price of $115.00. The analysts previously had $90.00 target price. KeyCorp’s price target would indicate a potential upside of 11.77% from the stock’s previous close.

Shares of Etsy traded up $4.05 on Tuesday, reaching $106.94. 1800565 shares of the stock traded hands, compared to its average volume of 3712505. Shares of were trading at $106.94 on Tuesday. The firm’s 50 day moving average is $$79.92 and its 200 day moving average is $56.86.Etsy  has a 12 month low of $102.71 and a 12 month high of $107.25. While on yearly highs and lows, Etsy today has traded high as $107.25 and has touched $102.71 on the downward trend.

Etsy Earnings and What to expect: 

Etsy last released its quarterly earnings data on May 6th, 2020. The specialty retailer reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.08. The business had revenue of $228.05 million for the quarter, compared to analyst estimates of $219.34 million. Its quarterly revenue was up 34.7% compared to the same quarter last year. Etsy has generated $0.76 earnings per share over the last year and currently has a price-to-earnings ratio of 172.1. Etsy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 6th, 2020 based off prior year’s report dates.

Earnings for Etsy are expected to grow by 49.52% in the coming year, from $1.05 to $1.57 per share. The P/E ratio of Etsy is 171.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Etsy is 171.74, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.80. Etsy has a PEG Ratio of 4.34. PEG Ratios above 1 indicate that a company could be overvalued. Etsy has a P/B Ratio of 30.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 3.80%
  • On 6/23/2020 Director Jonathan D Klein Sell 25,000 at average share price of $100.00 which equates to $2,500,000.00 in money value.
  • On 6/22/2020 Insider Jill Simeone Sell 18,000 at average price of  $97.53 with total value of : Not Data Available
  • On 6/19/2020 CEO Josh Silverman Sell 5,000 at average price of  $90.00 with total value of : $450,000.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Etsy

  • 6/26/2020 – Etsy is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $112.00 price target on the stock.
  • 6/25/2020 – Etsy had its price target raised by analysts at Loop Capital from $80.00 to $120.00. They now have a “buy” rating on the stock.
  • 6/25/2020 – Etsy was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/23/2020 – Etsy had its price target raised by analysts at Royal Bank of Canada from $79.00 to $117.00. They now have an “outperform” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by KeyCorp: 

  • 6/30/2020 – Micron Technology had its price target raised by analysts at KeyCorp from $59.00 to $70.00. They now have an “overweight” rating on the stock.
  • 6/30/2020 – CyrusOne was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
  • 6/29/2020 – Pluralsight is now covered by analysts at KeyCorp. They set an “overweight” rating and a $22.00 price target on the stock.
  • 6/29/2020 – Chegg is now covered by analysts at KeyCorp. They set an “overweight” rating and a $80.00 price target on the stock.
  • See More Analyst Rating at: RATING

Etsy (NASDAQ:ETSY) Moving Average Technical Analysis

5 day Moving Average is $$101.91 And 5 day price change is $3.46 (3.42%)  with average volume for 5 day average is 3,349,208. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $88.69 and 20 day price change is $22.82 (27.88%) and average 20 day moving volume is 3,474,142. 50 day moving average is $79.92  and 50 day price change is $39.63 ( 60.92%)  and with average volume for 50 days is : 3,904,843. 200 day moving average is $56.86  and 200 day price change is $47.82 (84.10%)  and with average volume for 200 days is : 3,703,169.

See More Analyst Rating at: RATING