Etsy, Inc. (ETSY) Hits a New 52-Week High


The company is now up since yesterday’s close of $15.9. Shares last traded at $16.22 much higher than $14.92, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $12.61. The 50 day moving average was up by +8.72% whereas the 200 day average was up by +28.66%.

Here is the rundown on market activity for Etsy, Inc. (NASDAQ:ETSY). Josh Silverman, President & CEO bought $1,002,880 worth of shares at an average price of $15.67 on Tue the 8th. Silverman now owns $1,002,880 of stock per an SEC filing yesterday.

Etsy, Inc. (Etsy), launched on February 14, 2006, operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Business’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors. As of December 31, 2016, its platform connected 1.7 million active Etsy sellers and 28.6 million active Etsy buyers. Etsy sellers join its community to participate in its markets to express their creativity. Etsy sellers range from hobbyists to professional merchants, and have a range of personal and professional goals. Its supports a group of artists, makers, designers and collectors from around the world. Its services platform includes seller services, seller tools and education..

Here are some other firms who have updated their holdings. Cadian Capital Management, Lp augmented its position by buying 1,539,236 shares an increase of 52.5%. Cadian Capital Management, Lp owns 4,471,258 shares with a value of $67,069,000. The total value of its holdings increased 115.2%. Renaissance Technologies LLC downsized its holdings by selling 738,800 shares a decrease of 18.9% from 03/31/2017 to 06/30/2017. Renaissance Technologies LLC now controls 3,170,300 shares valued at $47,555,000. The value of the position overall is up by 14.4%.

As of quarter end California Public Employees Retirement System had bought 8,300 shares growing its holdings by 2.2%. The value of the investment in Etsy, Inc. increased from $3,975,000 to $5,733,000 increasing 44.2% since the last quarter. Dimensional Fund Advisors Lp reduced its ownership by shedding 116,462 shares a decrease of 57.5% in the quarter. Dimensional Fund Advisors Lp controls 86,130 shares worth $1,292,000. The value of the position overall is down by 40.0%.

July 20 investment analysts at Morgan Stanley held the company rating at “Equal-Weight” and lowered the price expectation to $13.50 from $20.00. On May 25 the company was downgraded from “Buy” to “Neutral” in a report from Citigroup.

On May 17 the stock rating was downgraded to “Hold” from “Buy” in a statement from Loop Capital.

As of the last earnings report the EPS was $-0.11 and is projected to be $0.28 for the current year with 111,000,000 shares now outstanding. Next quarter’s EPS is estimated at $0.12 and the next full year EPS is anticipated to be $0.28.