Etsy, Inc. (NASDAQ:ETSY) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.49.
Several research analysts recently commented on ETSY shares. Stifel Nicolaus reiterated a “hold” rating and issued a $13.00 price target on shares of Etsy in a research note on Friday, June 23rd. Loop Capital cut Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of Etsy in a research note on Friday, June 30th. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, TheStreet upgraded Etsy from a “d” rating to a “c-” rating in a research note on Wednesday, May 24th.
Etsy (ETSY) opened at 14.77 on Tuesday. Etsy has a 1-year low of $9.41 and a 1-year high of $16.05. The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $12.07. The stock’s market cap is $1.64 billion.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported $0.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Etsy had a negative return on equity of 2.01% and a negative net margin of 8.29%. The business had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.64 million. On average, equities research analysts anticipate that Etsy will post $0.03 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC bought a new stake in shares of Etsy during the first quarter worth approximately $105,000. UBS Group AG increased its stake in shares of Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after buying an additional 2,373 shares during the period. Creative Planning increased its stake in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock worth $128,000 after buying an additional 5,258 shares during the period. Gideon Capital Advisors Inc. bought a new stake in shares of Etsy during the fourth quarter worth approximately $142,000. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Etsy during the first quarter worth approximately $174,000. Institutional investors own 69.57% of the company’s stock.
Etsy Company Profile
Etsy, Inc (Etsy) 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 Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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