Notable Mover: Time to Buy Etsy Inc After Today’s Significant Increase?

Notable Mover: Time to Buy Etsy Inc After Today's Significant Increase?

The stock of Etsy Inc (NASDAQ:ETSY) is a huge mover today! About 1.30M 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.
The move comes after 7 months positive chart setup for the $1.43B company. It was reported on Oct, 31 by Barchart.com. We have $16.56 PT which if reached, will make NASDAQ:ETSY worth $400.40M more.

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. Etsy has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by on Monday, October 10 with “Buy”. The stock has “Buy” rating given by Maxim Group on Thursday, May 26. As per Wednesday, August 19, the company rating was upgraded by Vetr. The rating was upgraded by Monness Crespi & Hardt on Wednesday, November 11 to “Neutral”. The firm has “Sell” rating given on Tuesday, December 22 by Roth Capital. Monness Crespi & Hardt initiated Etsy Inc (NASDAQ:ETSY) on Monday, October 12 with “Sell” rating. The firm has “Hold” rating by Topeka Capital Markets given on Wednesday, November 18. As per Wednesday, September 21, the company rating was upgraded by Monness Crespi. Brean Capital maintained the stock with “Buy” rating in Wednesday, August 5 report. The stock of Etsy Inc (NASDAQ:ETSY) earned “Buy” rating by Brean Capital on Saturday, August 29.

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.”

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.

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.

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