Etsy, Inc. (ETSY) Reaches $19.54 After 3.00% Down Move; Pier Capital Cut By $1.81 Million Its Take (TTWO) Position

January 14, 2018 - By Nellie Frank

The stock of Etsy, Inc. (NASDAQ:ETSY) is a huge mover today! The stock decreased 4.96% or $1.02 during the last trading session, reaching $19.54. About 3.06 million shares traded or 43.75% up from the average. Etsy, Inc. (NASDAQ:ETSY) has risen 61.92% since January 14, 2017 and is uptrending. It has outperformed by 45.22% the S&P500.The move comes after 5 months negative chart setup for the $2.38B company. It was reported on Jan, 14 by Barchart.com. We have $18.95 PT which if reached, will make NASDAQ:ETSY worth $71.34M less.

Pier Capital Llc decreased Take (TTWO) stake by 17.98% reported in 2017Q3 SEC filing. Pier Capital Llc sold 17,707 shares as Take (TTWO)’s stock rose 13.22%. The Pier Capital Llc holds 80,780 shares with $8.26 million value, down from 98,487 last quarter. Take now has $13.38 billion valuation. The stock increased 0.27% or $0.32 during the last trading session, reaching $117.3. About 1.76M shares traded. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 81.23% since January 14, 2017 and is uptrending. It has outperformed by 64.53% the S&P500.

Among 19 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 15 have Buy rating, 1 Sell and 3 Hold. Therefore 79% are positive. Take-Two Interactive Software had 68 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, November 8. Benchmark maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) rating on Wednesday, November 8. Benchmark has “Buy” rating and $125.0 target. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Overweight” rating given on Wednesday, November 8 by Barclays Capital. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) earned “Overweight” rating by Piper Jaffray on Tuesday, August 11. The firm has “Buy” rating given on Tuesday, August 9 by Jefferies. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Buy” rating given on Wednesday, November 8 by Jefferies. The rating was maintained by Oppenheimer with “Buy” on Wednesday, November 8. Jefferies maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Thursday, August 3 with “Buy” rating. On Wednesday, January 11 the stock rating was maintained by Stifel Nicolaus with “Buy”. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, November 13 report.

Since August 4, 2017, it had 0 insider buys, and 4 insider sales for $7.68 million activity. ZELNICK STRAUSS sold $4.39M worth of stock or 50,000 shares. The insider Dornemann Michael sold 7,000 shares worth $614,600. Another trade for 465 shares valued at $41,831 was made by Sheresky Michael on Thursday, August 10. On Friday, August 4 the insider Goldstein Lainie sold $2.63 million.

Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on February, 6. They expect $0.84 earnings per share, up 18.31% or $0.13 from last year’s $0.71 per share. TTWO’s profit will be $95.80 million for 34.91 P/E if the $0.84 EPS becomes a reality. After $0.76 actual earnings per share reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts 10.53% EPS growth.

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.10, from 1.28 in 2017Q2. It turned negative, as 40 investors sold TTWO shares while 124 reduced holdings. 72 funds opened positions while 122 raised stakes. 100.22 million shares or 0.81% more from 99.42 million shares in 2017Q2 were reported. Engineers Gate Manager Limited Partnership has 23,156 shares for 0.2% of their portfolio. Federated Investors Inc Pa stated it has 55,768 shares. Iconiq Capital Limited Company invested in 0.08% or 8,134 shares. Grubman Wealth Management accumulated 2,135 shares. 308,240 are held by Acadian Asset Management Lc. Calamos Wealth Limited Co holds 2,038 shares. Nomura has invested 0.01% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Levin Capital Strategies Lp has invested 0.01% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Eagle Asset has 882,785 shares. 1,625 were reported by Pittenger & Anderson Inc. Great West Life Assurance Comm Can stated it has 0.02% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Columbus Circle Invsts holds 781,894 shares or 1.36% of its portfolio. 5,198 were accumulated by Meeder Asset Management. Waddell And Reed Financial, Kansas-based fund reported 372,423 shares. Parkside Commercial Bank & Tru invested in 162 shares.

Pier Capital Llc increased Bob Evans Farms Inc (NASDAQ:BOBE) stake by 34,605 shares to 75,606 valued at $5.86 million in 2017Q3. It also upped Hostess Brands Inc stake by 27,468 shares and now owns 404,876 shares. Dova Pharmaceuticals Inc was raised too.

Analysts await Etsy, Inc. (NASDAQ:ETSY) to report earnings on February, 27. They expect $0.10 EPS, up 233.33% or $0.07 from last year’s $0.03 per share. ETSY’s profit will be $12.17 million for 48.85 P/E if the $0.10 EPS becomes a reality. After $0.12 actual EPS reported by Etsy, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. The company has market cap of $2.38 billion. The Company’s platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. It has a 145.82 P/E ratio. The firm offers approximately 45 million items across approximately 50 retail categories to buyers.

Among 16 analysts covering Etsy (NASDAQ:ETSY), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Etsy had 40 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Saturday, August 29 with “Buy”. The rating was initiated by TH Capital on Tuesday, December 22 with “Sell”. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, November 7 report. The rating was maintained by Monness Crespi & Hardt on Wednesday, November 4 with “Sell”. Topeka Capital Markets initiated the shares of ETSY in report on Wednesday, November 18 with “Hold” rating. The firm has “Hold” rating by Loop Capital given on Wednesday, May 17. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, July 20. The company was downgraded on Friday, January 12 by Morgan Stanley. The rating was maintained by Brean Capital on Wednesday, August 5 with “Buy”. Roth Capital initiated it with “Sell” rating and $5.75 target in Tuesday, December 22 report.

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