Roth Capital Downgrades Etsy to Neutral, Lowers Price Target to $180
Roth Capital analyst Darren Aftahi downgrades Etsy (NASDAQ:ETSY) from Buy to Neutral and lowers the price target from $245 to $180.
Morgan Stanley Upgrades Etsy to Equal-Weight, Announces $163 Price Target
Morgan Stanley analyst Lauren Schenk upgrades Etsy (NASDAQ:ETSY) from Underweight to Equal-Weight and announces $163 price target.
10 Stocks Moving In Wednesday’s After-Hours Session
Gainers
MercadoLibre (NASDAQ: MELI) shares are trading higher after the company reported Q2 EPS of $1.37, up from $1.11 year over year and better-than-expected Q2 sales results.
Etsy Plummets On Revenue Guidance
Online marketplace Etsy Inc (NASDAQ: ETSY) reported second-quarter earnings after hours Wednesday.
Recap: Etsy Q2 Earnings
Shares of Etsy (NASDAQ:ETSY) decreased in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 9.33% year over year to $0.68, which beat the estimate of $0.63.
Etsy Q2 EPS $0.68 Beats $0.63 Estimate, Sales $528.90M Beat $524.84M Estimate
Etsy (NASDAQ:ETSY) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.63 by 7.94 percent. This is a 9.33 percent decrease over earnings of $0.75 per share from the same period
Unusual Options Activity Insight: Etsy
Etsy (NASDAQ:ETSY) shares experienced unusual options activity on Wednesday. The stock price moved up to $204.01 following the option alert.
What’s Going On With Etsy’s Stock Today?
Etsy Inc (NASDAQ: ETSY) shares are trading higher by 6.8% at $203.39 Wednesday morning in anticipation of the company's second-quarter earnings results, which is scheduled for after the close today.