Etsy, Inc. Reports 33% Revenue Growth in the Third Quarter 2016 and Raises Full Year Guidance
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November 2, 2016 7:50 AM EDT
Roth Capital upgraded Etsy (NASDAQ: ETSY) from Neutral to Buy with a price target of $15.75.
For an analyst ratings summary and ratings history on Etsy click here. For more ratings news on Etsy click here.
Shares of Etsy closed at $12.95 yesterday.
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November 2, 2016 7:39 AM EDT
RBC Capital reiterated a Sector Perform rating on Etsy (NASDAQ: ETSY), and raised the price target to $15.00 (from $13.00), following the company's 3Q earnings report. Etsy reported revenues of $87.6MM, which was above the Street estimates of $86.8MM. Management re-iterated its long-term guidance.
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November 1, 2016 4:18 PM EDT
Etsy (NASDAQ: ETSY) reported Q3 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $87.56 million versus the consensus estimate of $86.79 million.
GMS was $677.2 million, up 19.1% compared with the third quarter of 2015.
"Our third quarter results... More
