Etsy (NASDAQ:ETSY – Get Free Report) issued its quarterly earnings data on Wednesday. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05), Briefing.com reports. The company had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $629.87 million. Etsy had a net margin of 10.36% and a negative return on equity of 51.94%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share.
Etsy Trading Down 1.3 %
Etsy stock traded down $0.81 during midday trading on Friday, hitting $59.35. The stock had a trading volume of 3,774,248 shares, compared to its average volume of 3,416,455. The firm’s fifty day moving average is $61.06 and its two-hundred day moving average is $65.98. The company has a market capitalization of $6.94 billion, a PE ratio of 27.10, a P/E/G ratio of 5.02 and a beta of 2.02. Etsy has a 52-week low of $55.08 and a 52-week high of $89.78.
Insider Buying and Selling
In related news, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.68, for a total value of $94,841.92. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $38,882.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on ETSY
Etsy Company Profile
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.
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