The company is now up from yesterday’s close of $15.9. The stock is trading at $16.22 which is impressively higher than the 50 day moving average which is $14.92 and which is quite a bit higher than the 200 day moving average of $12.61. The 50 day moving average was up by +8.72% and the 200 day average moved up $3.61.
There has been some buying insider activity on Etsy, Inc. (NASDAQ:ETSY) recently. Josh Silverman, President & CEO purchased $1,002,880 worth of shares at an average price of $15.67 on Tue the 8th. The President & CEO now owns $1,002,880 of the stock as recorded in a recent Form 4 SEC filing.
Etsy, Inc. (Etsy), launched on February 14, 2006, operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Business’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors. As of December 31, 2016, its platform connected 1.7 million active Etsy sellers and 28.6 million active Etsy buyers. Etsy sellers join its community to participate in its markets to express their creativity. Etsy sellers range from hobbyists to professional merchants, and have a range of personal and professional goals. Its supports a group of artists, makers, designers and collectors from around the world. Its services platform includes seller services, seller tools and education..
Here are a few additional firms who have increased or decreased their stake in (ETSY). As of the end of the quarter Cadian Capital Management, Lp had acquired a total of 1,539,236 shares growing its stake by 52.5%. The value in dollars increased from $31,167,000 to $67,069,000 a change of 115.2% quarter to quarter. Renaissance Technologies LLC trimmed its position by shedding 738,800 shares a decrease of 18.9%. Renaissance Technologies LLC controls 3,170,300 shares valued at $47,555,000. The total value of its holdings increased 14.4%.
As of quarter end California Public Employees Retirement System had bought 8,300 shares growing its position 2.2%. The value of the total investment in Etsy, Inc. went from $3,975,000 to $5,733,000 increasing 44.2% for the reporting period. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of 116,462 shares trimming its holdings by 57.5%. The value of the company’s investment in Etsy, Inc. went from $2,154,000 to $1,292,000 a change of $862,000 since the last quarter.
July 20 investment analysts at Morgan Stanley held the company rating at “Equal-Weight” but lowered the price target from $20.00 to $13.50. On May 25 the company was downgraded to “Neutral” from “Buy” in a statement from Citigroup.
On May 17 the stock rating was downgraded from “Buy” to “Hold” by Loop Capital.
In the latest earnings report the EPS was $-0.11 and is estimated to be $0.28 for the current year with 111,000,000 shares currently outstanding. Next quarter’s EPS is expected be $0.12 and the next full year EPS is anticipated to be $0.28.