Etsy Inc Can’t Be More Safe. Option Traders Like It

 Etsy Inc Can't Be More Safe. Option Traders Like It

In today’s session Etsy Inc (ETSY) registered an unusually high (3,576) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ETSY increase. With 3,576 contracts traded and 113764 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ETSY161118C00015000 closed last at: $0.35 or 12.5% down. About 494,762 shares traded hands. Etsy Inc (NASDAQ:ETSY) has risen 42.06% since March 29, 2016 and is uptrending. It has outperformed by 38.58% the S&P500.

Analysts await Etsy Inc (NASDAQ:ETSY) to report earnings on November, 1. They expect $-0.02 EPS, up 66.67% or $0.04 from last year’s $-0.06 per share. After $-0.06 actual EPS reported by Etsy Inc for the previous quarter, Wall Street now forecasts -66.67% EPS growth.

Etsy Inc (NASDAQ:ETSY) Ratings Coverage

Out of 9 analysts covering Etsy (NASDAQ:ETSY), 4 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 44% are positive. $23 is the highest target while $5.75 is the lowest. The $11.99 average target is -6.18% below today’s ($12.78) stock price. Etsy has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Strong Sell” rating given on Wednesday, August 19 by Vetr. On Wednesday, November 18 the stock rating was initiated by Topeka Capital Markets with “Hold”. Wedbush upgraded Etsy Inc (NASDAQ:ETSY) rating on Tuesday, October 20. Wedbush has “Neutral” rating and $9 price target. The stock of Etsy Inc (NASDAQ:ETSY) earned “Sell” rating by Monness Crespi & Hardt on Monday, October 12. The firm has “Buy” rating given on Monday, October 10 by . The stock of Etsy Inc (NASDAQ:ETSY) has “Buy” rating given on Wednesday, September 21 by Monness Crespi. On Wednesday, November 11 the stock rating was upgraded by Monness Crespi & Hardt to “Neutral”. The firm has “Buy” rating given on Monday, September 26 by Maxim Group. The stock of Etsy Inc (NASDAQ:ETSY) earned “Sell” rating by Monness Crespi & Hardt on Wednesday, November 4. The company was downgraded on Tuesday, August 11 by Vetr.

According to Zacks Investment Research, “Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company’s product include art, home and living, mobile accessories, jewelry, wedding, and others. It operates primarily in Berlin, Germany, Dublin, Ireland, Hudson, New York, London, United Kingdom, Melbourne, Australia, Paris, France, San Francisco, California and Toronto, Canada. Etsy, Inc. is headquartered in Brooklyn, New York.”

Etsy, Inc. operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The company has a market cap of $1.41 billion. The Company’s geographical divisions include United States and International. It currently has negative earnings. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.

ETSY Company Profile

Etsy, Inc. (Etsy), incorporated on February 14, 2006, operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical divisions include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees. The Company’s platform includes marketplace, Seller Services, technology and community, both online and offline. The Firm offers a range of services to help Etsy sellers build their personal brands, engage clients and complete transactions. The Firm has over three seller services: Promoted Listings, Direct Checkout and Shipping Labels. The Company’s Promoted Listings offering enables an Etsy seller to pay a cost-per-click fee to feature and promote her goods in search results generated by Etsy buyers on its platform. This service allows an Etsy seller to target Etsy buyers searching for goods similar to those she offers for sale.

More recent Etsy Inc (NASDAQ:ETSY) news were published by: Fool.com which released: “Despite Rising Competition, Etsy Inc Is Here to Stay” on October 11, 2016. Also Profitconfidential.com published the news titled: “Etsy Inc: Why ETSY Stock Is Heading Vertical” on October 12, 2016. Schaeffersresearch.com‘s news article titled: “Etsy Inc (ETSY) Options Traders Take Aim at Higher Highs” with publication date: October 04, 2016 was also an interesting one.

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