Etsy Inc (NYSE:ETSY – Get Free Report) has been assigned a consensus rating of “Hold” from the thirty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twenty have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $70.8750.
A number of research analysts recently weighed in on ETSY shares. Guggenheim started coverage on shares of Etsy in a research report on Thursday, May 21st. They issued a “buy” rating for the company. Stifel Nicolaus decreased their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Argus raised shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Thursday, May 21st. Sanford C. Bernstein raised their target price on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Finally, Susquehanna downgraded shares of Etsy to a “neutral” rating in a research report on Thursday, May 21st.
Get Our Latest Research Report on ETSY
Insider Transactions at Etsy
Institutional Trading of Etsy
A number of hedge funds have recently modified their holdings of the stock. EFG International AG acquired a new stake in Etsy in the 4th quarter worth about $33,000. Abich Financial Wealth Management LLC acquired a new stake in Etsy in the 3rd quarter worth about $51,000. Blue Trust Inc. raised its stake in Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares in the last quarter. Danske Bank A S acquired a new stake in Etsy in the 3rd quarter worth about $66,000. Finally, Federation des caisses Desjardins du Quebec raised its stake in Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.
Etsy Stock Performance
ETSY opened at $66.90 on Wednesday. The firm’s fifty day moving average is $60.03 and its two-hundred day moving average is $56.59. The firm has a market cap of $6.35 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.88. Etsy has a twelve month low of $44.00 and a twelve month high of $76.51.
Etsy Company Profile
Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.
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