Time: 2024-07-09
Deepwater Asset Management LLC recently boosted its stake in Etsy , Inc. ( NASDAQ : ETSY ) by 8.6 % in the 1st quarter , according to its most recent Form 13F filing with the SEC . The fund now owns 175,507 shares of the specialty retailer 's stock , making it the 17th biggest holding for the company . Etsy represents about 4.5 % of Deepwater Asset Management LLC 's investment portfolio , with a value of 2,061,000 as of the latest filing.
Aside from Deepwater Asset Management LLC , several other large investors have also recently bought shares of Etsy . Norges Bank acquired a new position in Etsy during the fourth quarter valued at approximately 6,494,000 . This shows a growing interest in the specialty retailer among institutional investors and hedge funds.
Etsy stock traded up 2.2 % during mid - day trading on Tuesday , reaching 8.26 . The company has a market capitalization of .81 billion and a P / E ratio of 26.60 . Its 50 - day moving average is 2.54 , while the 200 - day moving average is 8.84 . Etsy 's stock performance has fluctuated between a one year low of 6.60 and a one year high of 02.81.
Etsy last released its quarterly earnings data on Wednesday , May 1st , reporting sh.48 EPS for the quarter , slightly below the consensus estimate of sh.49 . The company 's revenue for the quarter was 46.00 million , in line with analysts ' predictions . As of now , equities research analysts forecast that Etsy will post 2.49 earnings per share for the current year , reflecting a positive outlook on the company 's financial performance.
ETSY has recently been the subject of various analyst reports , with mixed ratings ranging from sell to buy . Despite some analysts lowering their price targets , there is still confidence in Etsy 's potential for growth . Overall , the company has a consensus rating of " Hold " with an average target price of 9.88 . It 's essential to keep an eye on how analysts ' recommendations may impact Etsy 's stock performance in the coming months.
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