Etsy Inc (NASDAQ:ETSY) shot up 5.3% during trading on Monday . The stock traded as high as $50.55 and last traded at $50.50, 5,493,031 shares traded hands during mid-day trading. An increase of 108% from the average session volume of 2,643,454 shares. The stock had previously closed at $47.98.

A number of brokerages have weighed in on ETSY. Canaccord Genuity set a $85.00 target price on Etsy and gave the stock a “buy” rating in a research report on Friday, August 2nd. KeyCorp set a $90.00 price target on shares of Etsy and gave the company a “buy” rating in a report on Friday, August 2nd. Morgan Stanley set a $65.00 price target on shares of Etsy and gave the stock a “hold” rating in a research note on Friday, August 2nd. Wedbush set a $64.00 price objective on shares of Etsy and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC began coverage on shares of Etsy in a research report on Monday, July 1st. They set a “buy” rating and a $75.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.13.

The stock has a 50 day simple moving average of $56.43 and a 200-day simple moving average of $63.46. The firm has a market capitalization of $6.08 billion, a P/E ratio of 86.34, a P/E/G ratio of 3.10 and a beta of 1.01. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.77.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Thursday, August 1st. The specialty retailer reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Etsy had a net margin of 15.83% and a return on equity of 26.77%. The firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $183.28 million. The business’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. As a group, sell-side analysts expect that Etsy Inc will post 0.79 earnings per share for the current fiscal year.

In other Etsy news, SVP Goyal Kruti Patel sold 4,505 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $61.80, for a total value of $278,409.00. Following the transaction, the senior vice president now directly owns 16,389 shares in the company, valued at $1,012,840.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Michael T. Fisher sold 13,442 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $61.82, for a total transaction of $830,984.44. Following the completion of the transaction, the chief technology officer now owns 34,258 shares in the company, valued at $2,117,829.56. The disclosure for this sale can be found here. Insiders have sold 33,572 shares of company stock valued at $1,987,881 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in Etsy by 1.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,462 shares of the specialty retailer’s stock valued at $1,039,000 after purchasing an additional 147 shares during the period. Aperio Group LLC increased its holdings in Etsy by 0.4% in the 2nd quarter. Aperio Group LLC now owns 41,990 shares of the specialty retailer’s stock worth $2,577,000 after acquiring an additional 175 shares in the last quarter. Freestone Capital Holdings LLC purchased a new stake in Etsy in the 1st quarter worth approximately $13,445,000. Keybank National Association OH raised its stake in Etsy by 2.1% during the 2nd quarter. Keybank National Association OH now owns 11,069 shares of the specialty retailer’s stock worth $679,000 after acquiring an additional 232 shares during the period. Finally, We Are One Seven LLC raised its stake in Etsy by 1.7% during the 2nd quarter. We Are One Seven LLC now owns 13,652 shares of the specialty retailer’s stock worth $837,000 after acquiring an additional 234 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

Etsy Company Profile (NASDAQ:ETSY)

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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