In a report released today, John Colantuoni from Jefferies maintained a Buy rating on Etsy (ETSY – Research Report), with a price target of $240.00. The company’s shares closed last Wednesday at $163.14, close to its 52-week low of $153.80.
According to TipRanks.com, Colantuoni ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.8% and a 24.4% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Etsy with a $255.57 average price target, which is a 57.6% upside from current levels. In a report issued on January 12, Stifel Nicolaus also maintained a Buy rating on the stock with a $230.00 price target.
Based on Etsy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $532 million and net profit of $89.93 million. In comparison, last year the company earned revenue of $451 million and had a net profit of $91.76 million.
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ETSY in relation to earlier this year. Most recently, in November 2021, Michele Burns, a Director at ETSY sold 3,000 shares for a total of $833,685.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Etsy, Inc. is an online marketplace for buyers and sellers, and operates in the United States, Canada, the United Kingdom, France, Germany and Australia. It mainly focuses on handmade or vintage items and craft supplies that include unique jewelry, on-trend clothing, bags, toys, art, home decor and furniture. In addition, the company offers several services to sellers including payment processing, advertising platform and shipping services.
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